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McDermott International Inc (MDR.N)

MDR.N on New York Stock Exchange

6.21USD
26 May 2017
Change (% chg)

$-0.03 (-0.48%)
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Latest Key Developments (Source: Significant Developments)

McDermott International says backlog at Dec. 31 was $4.3 bln
Tuesday, 25 Apr 2017 07:09am EDT 

April 25 (Reuters) - McDermott International Inc :Our backlog at December 31, 2016 was $4.3 billion.Approximately $3 billion of December 31, 2016 end backlog is expected to roll-off in 2017.McDermott - "material declines in oil and natural gas prices have affected, and will likely continue to affect, the demand for and pricing of our EPCI services."."we do not currently have any reason to expect cancellation of existing projects in our backlog".  Full Article

McDermott International CEO David Dickson's 2016 total compensation was $5.9 mln vs $7.4 mln in 2015 - SEC filing
Friday, 24 Mar 2017 04:26pm EDT 

McDermott International Inc :McDermott International Inc - CEO David Dickson's 2016 total compensation was $5.9 million versus $7.4 million in 2015 - SEC filing.  Full Article

Mcdermott International Q4 loss per share $0.00
Tuesday, 21 Feb 2017 07:30am EST 

Mcdermott International Inc : Sees 2017 revenues of about $3.2 billion . Sees 2017 income per share of about $0.29 . Sees 2017 CAPEX of about $120 million . Mcdermott reports fourth quarter and full-year 2016 financial and operational results . Q4 revenue $641.8 million versus I/B/E/S view $609.2 million . Q4 loss per share $0.00 . Q4 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S . As of December 31, 2016, company's backlog was $4.3 billion, compared to $3.9 billion at September 30, 2016 . At December 31, 2016, co had bids outstanding and target projects of approximately $2.2 billion and $14.4 billion, respectively .FY2017 earnings per share view $0.22, revenue view $2.89 billion -- Thomson Reuters I/B/E/S.  Full Article

McDermott acquires newly built deepwater pipelay and construction vessel Amazon
Tuesday, 21 Feb 2017 07:15am EST 

Mcdermott International Inc : McDermott acquires newly built deepwater pipelay and construction vessel Amazon .Funding for vessel acquisition has been secured through a sale and leaseback arrangement.  Full Article

McDermott awarded offshore EPCI contract from Saudi Aramco
Wednesday, 25 Jan 2017 07:00am EST 

McDermott International Inc : McDermott awarded offshore EPCI contract from Saudi Aramco . McDermott -contract from Saudi Aramco for engineering, procurement, construction installation services in Safaniya, Zuluf fields offshore Saudi Arabia .Work on contract is expected to begin immediately and will be reflected in Mcdermott's Q4 2016 backlog.  Full Article

Mcdermott International says Q2 GAAP earnings per share $0.07
Tuesday, 26 Jul 2016 04:16pm EDT 

Mcdermott International Inc : As of june 30, 2016, company's backlog was $4.4 billion, compared to $3.8 billion at march 31, 2016 . Restructuring costs are now expected to be approximately $12 million for full-year 2016 . Says company's potential revenue pipeline, including backlog, was $21.1 billion as of june 30, 2016 . Sees 2016 adjusted earnings per share $0.12 . Sees 2016 capital expenditures $250 million . Sees 2016 loss per share about $0.03 . Mcdermott reports second quarter 2016 financial and operational results . Q2 gaap earnings per share $0.07 . Q2 revenue $706.6 million versus i/b/e/s view $753.4 million . Q2 earnings per share view $0.02 -- Thomson Reuters I/B/E/S . Q2 adjusted earnings per share $0.08 excluding items . Says at june 30, 2016, company had bids outstanding and target projects of approximately $16.7 billion in its pipeline . Sees 2016 revenues about $2.7 billion .Fy2016 earnings per share view $0.06, revenue view $2.71 billion -- Thomson Reuters I/B/E/S.  Full Article

Mcdermott International and Nakilat-Keppel Offshore Marine enter exclusive cooperation agreement
Tuesday, 26 Jul 2016 04:15pm EDT 

Mcdermott International Inc : Says five-year agreement aims to increase local content for projects in Qatar . Says N-Kom serves as subcontractor and performs fabrication . Mcdermott and Nakilat-Keppel Offshore Marine enter exclusive cooperation agreement in Qatar .Will serve as prime contractor to customers, lead engineering with teams based in Dubai and global engineering center in Chennai, India.  Full Article

Mcdermott International awarded $454 mln contract from PEMEX Exploracion Y Produccion for engineering
Monday, 27 Jun 2016 08:00am EDT 

Mcdermott International Inc : Says has been awarded a $454 million USD contract from PEMEX Exploracion y Produccion for engineering .Says contract award will be reflected in McDermott's Q2 2016 backlog.  Full Article

Mcdermott announces completion of amendment to extend senior secured credit agreement
Monday, 16 May 2016 08:46am EDT 

Mcdermott International Inc : Has satisfied all conditions to amendment to company's senior secured credit agreement . Amendment extends maturity date of letter of credit facility under senior secured credit agreement to April 22, 2019 . Amendment provides $450 million of letter of credit capacity with potential to increase to $600 million under an accordion feature .Mcdermott announces completion of amendment to extend senior secured credit agreement.  Full Article

Mcdermott International, units enter into amendment No. 4 to credit agreement
Monday, 16 May 2016 06:36am EDT 

Mcdermott International Inc : On may 12, 2016, co, co's units entered into amendment no. 4 to credit agreement - sec filing . Mcdermott international inc says aggregate letter of credit commitments under the credit agreement are now $450.0 million . Amendment no. 4 amended credit agreement to increase applicable margin payable on term loan thereunder by 3.0% per annum . On may 13, 2016, Mcdermott voluntarily prepaid $75.0 million of term loan under credit agreement .Mcdermott international inc says maturity date of letter of credit facility commitments is now April 22, 2019.  Full Article

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