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