8-K

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): November 8, 2010

Furmanite Corporation

(Exact name of registrant as specified in its charter)

Delaware	001-05083	74-1191271
(State or other jurisdiction	(Commission	(I.R.S. 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 (NYSE: FRM) today reported results for the quarter ended September 30, 2010. The press release is attached hereto as Exhibit 99.1.

Item 7.01 Regulation FD Disclosure.

A slide presentation will be available on the company’s web site, www.furmanite.com to support management’s discussion in the conference call held at 10:00 a.m. Eastern time, November 8, 2010. The slide presentation is attached as exhibit 99.2.

Item 9.01 Financial Statements and Exhibits.

99.1	November 8, 2010 press release
99.2	Slide Presentation dated November 8, 2010

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: November 8, 2010	By:	/s/ ROBERT S. MUFF
		Robert S. Muff
		Chief Accounting Officer (Principal Financial Officer)

EX-99.1

Exhibit 99.1

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

FURMANITE CORPORATION REPORTS THIRD QUARTER RESULTS

Net Income Increased to $1.8 million; Earnings per Share to $0.05

DALLAS, TEXAS (November 8, 2010) — Furmanite Corporation (NYSE: FRM) today reported results for the quarter ended September 30, 2010. Revenues were $66.9 million, compared with $70.8 million for the third quarter 2009. Net income rose to $1.8 million for the quarter, after net-of-tax restructuring costs of $1.9 million. This compares with net income of $203,000 for the same period in 2009. Foreign currency fluctuations unfavorably impacted the company’s third quarter revenues by approximately $(800,000), but favorably impacted operating income and net income by approximately $300,000 and $400,000, respectively. Earnings per share (diluted) were $0.05 for the third quarter 2010, compared with earnings per share (diluted) of $0.01 for the prior year’s same quarter.

For the nine months ended September 30, 2010, Furmanite reported revenues of $210.9 million, compared with $203.5 million for the same period in 2009. Net income increased to $5.8 million, after $4.3 million of restructuring costs, net of tax, for the nine months ended September 30, 2010, compared with net income of $1.3 million for the same period in 2009. Revenues, operating income and net income were favorably affected by foreign currency fluctuations of approximately $2.2 million, $700,000 and $500,000, respectively. Earnings per share (diluted) were $0.16 for the nine months ended September 30, 2010, compared with $0.04 for the prior year’s same period.

“Furmanite is performing in line with our intentions, and we continue to meet our goals as planned. We are extremely pleased to be nearing the end of our announced restructuring efforts, with a significant portion of the remaining related costs absorbed in the third quarter. Excluding restructuring costs of $1.9 million for the quarter and $4.3 million year to date, our underlying financial results are beginning to reflect the positive impact of this action, with improvement of approximately $3.5 million and $8.7 million respectively at the net income level,” said Charles R. Cox, chairman and CEO of Furmanite Corporation. “The restructuring has improved our effectiveness, as well as our efficiency, and has helped us direct our attention more precisely on further performance improvement opportunities. Our highest priorities are customer service, culture change and responsible growth. Our entire organization is now fully focused on what we want our company to be and where we want it to go in the future.”

Joseph E. Milliron, president and chief operating officer of Furmanite Corporation, added, “We also know that Furmanite’s continuing improvement and results throughout this year are a direct reflection of our people. Their expertise and commitment to service are what make Furmanite the company the customer calls when the situation is urgent, the needs are complex and the timing is critical, just as we are for routine but essential services. Our people are the foundation of our performance and our success.”

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 could 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 INCOME STATEMENTS
(In thousands, except per share data)
(Unaudited)

	For the Three Months						For the Nine Months
	Ended September 30,						Ended September 30,
	2010			2009			2010			2009
Revenues	$	66,935		$	70,757		$	210,883		$	203,515
Costs and expenses:
Operating costs		45,714			46,592			143,298			136,431
Depreciation and amortization expense		1,646			1,563			4,767			4,353
Selling, general and administrative expense		16,869			21,016			54,125			58,699
Total costs and expenses		64,229			69,171			202,190			199,483
Operating income		2,706			1,586			8,693			4,032
Interest income and other income (expense), net		438			191			534			410
Interest expense		(238	)		(524	)		(720	)		(1,116	)
Income before income taxes		2,906			1,253			8,507			3,326
Income tax expense		(1,095	)		(1,050	)		(2,745	)		(2,012	)
Net income	$	1,811		$	203		$	5,762		$	1,314 21,868
Earnings per common share — Basic	$	0.05		$	0.01		$	0.16		$	0.04
Earnings per common share — Diluted	$	0.05		$	0.01		$	0.16		$	0.04

2

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

	September 30,		December 31,
	2010		2009
Cash	$	39,782	$	36,117
Trade receivables, net		58,437		52,021
Inventories		25,997		26,827
Other current assets		5,903		9,085
Total current assets		130,119		124,050
Property and equipment, net		29,718		30,168
Other assets		21,282		20,771
Total assets	$	181,119	$	174,989
Total current liabilities	$	43,781	$	44,439
Total long-term debt		30,092		30,139
Other liabilities		14,787		15,081
Total stockholders’ equity		92,459		85,330
Total liabilities and stockholders’ equity	$	181,119	$	174,989

3

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

	For the Nine Months Ended
	September 30,
	2010			2009
Net income	$	5,762		$	1,314
Depreciation, amortization and other non-cash items		5,683			4,746
Working capital changes		(3,483	)		5,298
Net cash provided by operating activities		7,962			11,358
Capital expenditures		(4,484	)		(5,446	)
Payments on debt		(188	)		(35,382	)
Proceeds on issuance of debt		76			35,049
Debt issuance costs		—			(567	)
Other, net		429			(348	)
Effect of exchange rate changes on cash		(130	)		753
Increase in cash and cash equivalents		3,665			5,417
Cash and cash equivalents at beginning of period		36,117			30,793
Cash and cash equivalents at end of period	$	39,782		$	36,210

4

EX-99.2

Exhibit 99.2

Furmanite Corporation QUARTER ENDED SEPTEMBER 30, 2010 Charles R. Cox, Chairman & CEO Joseph E. Milliron, President & COO Robert S. Muff, Principal Financial Officer

Certain of the Company's statements in this presentation 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 plans, beliefs, expectations, intentions 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 most recently in this presentation and the Company's Form 10-K as of December 31, 2009 filed with the Securities and Exchange Commission. One or more of these factors could 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 presentation are based on information presently available to management, and the Company assumes no obligation to update any forward-looking statements. Safe Harbor Statement 11/8/2010 2

Furmanite Corporation Review of Q3 2010 Charles R. Cox, Chairman & CEO 11/8/2010 3

Furmanite Corporation Q3 2010 Financial Review Robert S. Muff, Principal Financial Officer 11/8/2010 4

Consolidated Income Statements ($ in 000s except per share amounts) (Unaudited) 11/8/2010 5 For the Three Months Ended For the Three Months Ended For the Three Months Ended For the Three Months Ended For the Three Months Ended For the Nine Months Ended For the Nine Months Ended For the Nine Months Ended For the Nine Months Ended For the Nine Months Ended September 30, September 30, September 30, September 30, September 30, September 30, September 30, September 30, September 30, September 30, 2010 2009 Change 2010 2009 Change Revenues $ 66,935 $ 70,757 $ (3,822) $ 210,883 $ 203,515 $ 7,368 Operating costs 44,596 46,592 (1,996) 141,480 136,431 5,049 Depreciation and amortization expense 1,646 1,563 83 4,767 4,353 414 Selling, general and administrative expense 15,995 21,016 (5,021) 51,227 58,699 (7,472) Operating income excluding restructuring costs 4,698 1,586 3,112 13,409 4,032 9,377 Restructuring costs 1,992 - 1,992 4,716 - 4,716 Operating income 2,706 1,586 1,120 8,693 4,032 4,661 Interest and other income (expense), net 200 (333) 533 (186) (706) 520 Income before income taxes 2,906 1,253 1,653 8,507 3,326 5,181 Income tax expense (1,095) (1,050) (45) (2,745) (2,012) (733) Net income $ 1,811 $ 203 $ 1,608 $ 5,762 $ 1,314 $ 4,448 Diluted EPS $ 0.05 $ 0.01 $ 0.04 $ 0.16 $ 0.04 $ 0.12 Diluted EPS, excluding restructuring, net of tax $ 0.10 $ 0.01 $ 0.09 $ 0.27 $ 0.04 $ 0.23

Adjustments for Currency Rates ($ in 000s) (Unaudited) 11/8/2010 6 For the Three Months Ended For the Three Months Ended For the Three Months Ended For the Three Months Ended For the Three Months Ended For the Nine Months Ended For the Nine Months Ended For the Nine Months Ended For the Nine Months Ended For the Nine Months Ended September 30, September 30, September 30, September 30, September 30, September 30, September 30, September 30, September 30, September 30, 2010 2009 Change 2010 2009 Change Currency adjusted revenues $ 67,706 $ 70,757 $ (3,051) $ 208,708 $ 203,515 $ 5,193 Currency adjusted costs and expenses: Operating costs 46,496 46,592 (96) 142,166 136,431 5,735 Depreciation and amortization expense 1,652 1,563 89 4,692 4,353 339 Selling, general and administrative expense 17,127 21,016 (3,889) 53,896 58,699 (4,803) Currency adjusted operating income $ 2,431 $ 1,586 $ 845 $ 7,954 $ 4,032 $ 3,922

Revenues Adjusted for Currency Rates ($ in 000s except percentages) (Unaudited) 11/8/2010 7 For the Three Months Ended For the Three Months Ended For the Three Months Ended For the Three Months Ended For the Three Months Ended For the Nine Months Ended For the Nine Months Ended For the Nine Months Ended For the Nine Months Ended For the Nine Months Ended September 30, September 30, September 30, September 30, September 30, September 30, September 30, September 30, September 30, September 30, 2010 2009 Change 2010 2009 Change Revenues Americas $ 27,408 $ 27,937 -2% $ 96,525 $ 90,313 7% EMEA 28,243 32,928 -14% 82,350 88,341 -7% Asia-Pacific 11,284 9,892 14% 32,008 24,861 29% Total revenues $ 66,935 $ 70,757 -5% $ 210,883 $ 203,515 4% Currency adjusted revenues: Americas $ 27,395 $ 27,937 -2% $ 96,359 $ 90,313 7% EMEA 29,755 32,928 -10% 83,725 88,341 -5% Asia-Pacific 10,556 9,892 7% 28,624 24,861 15% Total currency adjusted revenues $ 67,706 $ 70,757 -4% $ 208,708 $ 203,515 3%

Operating Income & Net Income Adjusted for Currency Rates ($ in 000s except percentages) (Unaudited) 11/8/2010 8 For the Three Months Ended For the Three Months Ended For the Three Months Ended For the Three Months Ended For the Three Months Ended For the Nine Months Ended For the Nine Months Ended For the Nine Months Ended For the Nine Months Ended For the Nine Months Ended September 30, September 30, September 30, September 30, September 30, September 30, September 30, September 30, September 30, September 30, 2010 2009 Change 2010 2009 Change Operating income (loss) after allocation of headquarter costs: Americas $ 919 $ (1,042) 188% $ 5,067 $ (625) 911% EMEA (401) 1,046 -138% (2,614) 1,379 -290% Asia-Pacific 2,188 1,582 38% 6,240 3,278 90% Total operating income after allocation of headquarter costs $ 2,706 $ 1,586 71% $ 8,693 $ 4,032 116% Currency adjusted operating income (loss) after allocation of headquarter costs: Currency adjusted operating income (loss) after allocation of headquarter costs: Currency adjusted operating income (loss) after allocation of headquarter costs: Americas $ 929 $ (1,042) 189% $ 5,084 $ (625) 913% EMEA (510) 1,046 -149% (2,738) 1,379 -299% Asia-Pacific 2,012 1,582 27% 5,608 3,278 71% Total Currency adjusted operating income after allocation of headquarter costs $ 2,431 $ 1,586 53% $ 7,954 $ 4,032 97% Net income $ 1,811 $ 203 792% $ 5,762 $ 1,314 339% Currency adjusted net income $ 1,419 $ 203 599% $ 5,217 $ 1,314 297%

Condensed Consolidated Balance Sheets ($ in 000s) (Unaudited) 11/8/2010 9 September 30, December 31, 2010 2009 Change Cash $ 39,782 $ 36,117 $ 3,665 Trade receivables, net 58,437 52,021 6,416 Inventories 25,997 26,827 (830) Other current assets 5,903 9,085 (3,182) Total current assets 130,119 124,050 6,069 Property and equipment, net 29,718 30,168 (450) Other assets 21,282 20,771 511 Total assets $ 181,119 $ 174,989 $ 6,130 Total current liabilities $ 43,781 $ 44,439 $ (658) Total long-term debt 30,092 30,139 (47) Other liabilities 14,787 15,081 (294) Total stockholders' equity 92,459 85,330 7,129 Total liabilities and stockholders' equity $ 181,119 $ 174,989 $ 6,130

Condensed Consolidated Cash Flows ($ in 000s) (Unaudited) 11/8/2010 10 For the Nine Months Ended For the Nine Months Ended For the Nine Months Ended For the Nine Months Ended For the Nine Months Ended September 30, September 30, September 30, September 30, September 30, 2010 2009 Change Net income $ 5,762 $ 1,314 $ 4,448 Depreciation, amortization and other non-cash items 5,683 4,746 937 Working capital changes (3,483) 5,298 (8,781) Net cash provided by operating activities 7,962 11,358 (3,396) Capital expenditures (4,484) (5,446) 962 Payments on debt (188) (35,382) 35,194 Proceeds on issuance of debt 76 35,049 (34,973) Debt issuance costs - (567) 567 Other, net 429 (348) 777 Effect of exchange rate changes on cash (130) 753 (883) Increase in cash and cash equivalents 3,665 5,417 (1,752) Cash and cash equivalents at beginning of period 36,117 30,793 5,324 Cash and cash equivalents at end of period $ 39,782 $ 36,210 $ 3,572

Furmanite Corporation Q3 2010 Operations Review Joseph E. Milliron, President and Chief Operating Officer 11/8/2010 11

12 11/8/2010 1,690 total employees at September 30, 2010 160 less than September 30, 2009 1,213 technicians - reduction of 63 or 5% Maintained bench strength 477 selling, general and administrative (SG&A) personnel - reduction of 97 or 17% Costs aligned with revenues

Business and Geographic Data - Turnaround Services Revenues ($ in 000's) (Unaudited) 11/8/2010 13 1 U.S. and Canada 2 Europe, Middle East and Africa Total Americas1 EMEA2 APAC Turnaround Services 3rd Qtr. 2010 $ 30,041 $ 11,935 $ 13,864 $ 4,242 Turnaround Services 3rd Qtr 2009 31,508 12,211 14,684 4,613 Variance $ (1,467) $ (276) $ (820) $ (371) Turnaround Services YTD 2010 $ 96,953 $ 42,976 $ 39,154 $ 14,823 Turnaround Services YTD 2009 91,653 41,899 38,965 10,789 Variance $ 5,300 $ 1,077 $ 189 $ 4,034

14 Total Americas1 EMEA2 APAC Under Pressure Services 3rd Qtr. 2010 $ 26,020 $ 12,099 $ 8,990 $ 4,931 Under Pressure Services 3rd Qtr 2009 27,177 11,664 11,333 4,180 Variance $ (1,157) $ 435 $ (2,343) $ 751 Under Pressure Services YTD 2010 $ 75,599 $ 35,836 $ 26,594 $ 13,169 Under Pressure Services YTD 2009 73,101 32,246 29,480 11,375 Variance $ 2,498 $ 3,590 $ (2,886) $ 1,794 Business and Geographic Data - Under Pressure Services Revenues ($ in 000's) (Unaudited) 1 U.S. and Canada 2 Europe, Middle East and Africa 11/8/2010

15 Operation Highlights from the Quarter APAC - Completed 4 - 28" Line Stops 100 Feet Underwater AMERICAS-- 3 Major Turnarounds and Mobilization Refinery Start up In Aruba EMEA -- Scandinavia 3 Major Turnarounds - 1 Off Shore ; 2 On Shore 11/8/2010

Central Europe Restructuring Progress 16 11/8/2010 Social Plans Approved Reduction Personnel EMEA 25% Structural Change - Better Customer Service Customer Meetings Technicians / Local Management Laser Focused Perfect Customer Service

Furmanite Corporation Review of Q3 2010 www.furmanite.com 17