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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 12, 2010

Furmanite Corporation

(Exact name of registrant as specified in its charter)


Delaware	001-05083	74-1191271

(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

2435 N. Central Expressway,
Richardson, Texas		75080

(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (972) 699-4000

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

Furmanite Corporation announced 4th quarter and year end financial results on March 12, 2010. The press release is attached as exhibit 99.1.

Item 7.01 Regulation FD Disclosure.

Furmanite Corporation announced 4th quarter and year end financial results on March 12, 2010. A conference call to discuss the results was held on the same day. The slide presentation is attached as exhibit 99.2.

Item 9.01 Financial Statements and Exhibits.

Furmanite Corporation announced 4th quarter and year end financial results on March 12, 2010. The press release is attached as exhibit 99.1.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	FURMANITE CORPORATION
Date: March 12, 2010	By:	/s/ Robert S. Muff
		Name:	Robert S. Muff
		Title:	Principal Financial Officer

Exhibit Index


Exhibit No.		Description

99.1		Press release dated March 12, 2010
99.2		Slide presentation

Exhibit 99.1



For immediate release		For more information, contact:
		Investor Relations (972) 699-4055 Email: investor@furmanite.com

FURMANITE CORPORATION REPORTS 2009 RESULTS

Results Reflect Economy’s Impact on Turnaround Services and Negative Currency

Fluctuations; Company Sees Improvement Ahead in 2010

DALLAS, TEXAS (March 12, 2010) — Furmanite Corporation (NYSE: FRM) today reported results for the year ended December 31, 2009. Revenues for the year were $275.9 million, compared with $320.9 million for 2008. The company reported a net loss of $(2.8) million for the year, compared with net income of $21.9 million for 2008. Loss per share (diluted) was $(0.08) for 2009, compared with earnings per share (diluted) of $0.59 for the prior year.

“Two factors were primarily responsible for Furmanite’s 2009 performance: the sharp reduction in turnaround work — which can be postponed, but not indefinitely — and the company’s failure to keep overhead costs in balance with sharply declining revenues as a result of the economic downturn,” said Charles R. Cox, chairman and CEO of Furmanite Corporation.

Mr. Cox, who recently succeeded Michael L. Rose as the chief executive officer of the company following Mr. Rose’s retirement, continued: “Although we have made significant reductions in costs, we have not impacted our core asset base — our skilled technicians — and we have in no way altered our ability to serve our customers. Overall, we are confident in Furmanite’s fundamental financial strength and our consistent ability to deliver the highest quality service. These continue to provide the strong foundation we need during this recovery and going forward as our customers and markets are again normalized and growing.”

Joseph E. Milliron, president and chief operating officer of Furmanite Corporation, added: “Our 2009 results reflect the conditions affecting our customers and markets last year. We are

2435 North Central Expressway, Suite 700 Richardson, Texas 75080 972-699-4055

encouraged by the early indicators of business activity and emerging opportunities we have seen thus far in 2010. This year, we are focused on leveraging our market position in every global region in order to drive more revenue from current and new business as the economy improves. And, we also anticipate that, with our leaner, lower cost and more efficient operating structure, we will drive a corresponding improvement to the bottom line.”

The company’s revenues, operating income and net income were unfavorably impacted by foreign currency fluctuations by approximately $(16.8) million, $(1.4) million and $(1.0) million, respectively, for 2009.

ABOUT FURMANITE CORPORATION

Furmanite Corporation (NYSE: FRM) is a worldwide technical services firm. Headquartered in Dallas, Texas, Furmanite, one of the world’s largest specialty technical services companies, delivers a broad portfolio of engineering solutions that keep facilities operating, minimizing downtime and maximizing profitability. Furmanite’s diverse, global operations serve a broad array of industry sectors, including offshore drilling operations, pipelines, refineries and power generation facilities, chemical and petrochemical plants, steel mills, automotive manufacturers, pulp and paper mills, food and beverage processing plants, semi-conductor manufacturers and pharmaceutical manufacturers. Furmanite operates more than 75 offices on six continents. For more information, visit www.furmanite.com.

Certain of the Company’s statements in this press release are not purely historical, and as such are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding management’s intentions, plans, beliefs, expectations or projections of the future. Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in the Company’s business, and other risks and uncertainties detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission. One or more of these factors have affected, and could in the future affect the Company’s business and financial results in future periods, and could cause actual results to differ materially from plans and projections. There can be no assurance that the forward-looking statements made in this document will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objectives and plans of the Company will be achieved. All forward-looking statements made in this press release are based on information presently available to management, and the Company assumes no obligation to update any forward-looking statements.

FURMANITE CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(Unaudited)


	For the Three Months						For the Twelve Months
	Ended December 31,						Ended December 31,
	2009			2008			2009			2008
Revenues	$	72,425		$	81,487		$	275,940		$	320,942
Costs and expenses:
Operating costs		50,838			53,794			187,269			207,748
Depreciation and amortization expense		1,642			1,379			5,995			5,784
Selling, general and administrative expense		22,443			21,606			81,142			80,409

Total costs and expenses		74,923			76,779			274,406			293,941

Operating (loss) income		(2,498	)		4,708			1,534			27,001
Interest income and other income (expense), net		24			(154	)		434			260
Interest expense		(263	)		(325	)		(1,379	)		(1,705	)

Income (loss) before income taxes		(2,737	)		4,229			589			25,556
Income tax (expense) benefit		(1,407	)		868			(3,419	)		(3,688	)

Net (loss) income	$	(4,144	)	$	5,097		$	(2,830	)	$	21,868

Earnings (loss) per common share -Basic	$	(0.12	)	$	0.14		$	(0.08	)	$	0.60

Earnings (loss) per common share - -Diluted	$	(0.12	)	$	0.14		$	(0.08	)	$	0.59

FURMANITE CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)


	December 31,		December 31,
	2009		2008

Cash	$	36,117	$	30,793
Trade receivables, net		52,021		64,879
Inventories		26,827		24,868
Other current assets		9,085		7,187

Total current assets		124,050		127,727

Property and equipment, net		30,168		29,278
Goodwill and other assets		20,771		16,273

Total assets	$	174,989	$	173,278


Total current liabilities	$	44,439	$	43,901
Total long-term debt		30,139		35,363
Other liabilities		15,081		2,697
Total stockholders’ equity		85,330		91,317

Total liabilities and stockholders’ equity	$	174,989	$	173,278

FURMANITE CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)


	For the Twelve Months Ended December 31,
	2009			2008


Net (loss) income	$	(2,830	)	$	21,868

Depreciation, amortization and other non-cash items		6,524			7,315
Working capital changes		14,263			(12,664	)

Net cash provided by operating activities		17,957			16,519

Capital expenditures		(6,541	)		(8,014	)
Proceeds from issuance of debt		35,049			—
Payments on debt		(40,435	)		(8,170	)
Other, net		(986	)		582

Effect of exchange rate changes on cash		280			(1,694	)


Increase (decrease) in cash and cash equivalents		5,324			(777	)
Cash and cash equivalents at beginning of year		30,793			31,570

Cash and cash equivalents at end of year	$	36,117		$	30,793