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McDermott International Inc (MDR)

MDR on New York Consolidated

6.41USD
20 Oct 2017
Change (% chg)

$0.12 (+1.91%)
Prev Close
$6.29
Open
$6.34
Day's High
$6.43
Day's Low
$6.30
Volume
2,614,905
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$8.33
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$4.96

Latest Key Developments (Source: Significant Developments)

McDermott Q2 gaap earnings per share $0.13
Tuesday, 25 Jul 2017 07:30am EDT 

July 25 (Reuters) - McDermott International Inc ::McDermott reports second quarter 2017 financial and operational results.Q2 gaap earnings per share $0.13.Q2 revenue $788.7 million versus I/B/E/S view $868.1 million.Q2 earnings per share view $0.14 -- Thomson Reuters I/B/E/S.As of June 30, 2017, company's backlog was $3.3 billion, compared to $3.9 billion at March 31, 2017.McDermott International Inc qtrly adjusted. earnings per share $0.13.Sees 2017 capex of about $120 million.  Full Article

McDermott announces $810 million credit agreement
Monday, 3 Jul 2017 07:30am EDT 

July 3 (Reuters) - McDermott International Inc ::McDermott announces $810 million credit agreement.McDermott has increased financial flexibility with addition of a $300 million revolving cash sublimit.McDermott International Inc - new credit agreement supports business growth with increased letter of credit capacity from $450 million to $810 million and extends maturity to 2022.New credit agreement supports business growth with increased letter of credit capacity from $450 million to $810 million.Agreement allows for current or new lenders to increase commitments up to a total of $1.0 billion.McDermott International Inc - repayment of term loan leads to reduction in leverage and simplified capital structure.McDermott International Inc - additionally, agreement allows for current or new lenders to increase commitments up to a total of $1.0 billion.McDermott International Inc - in conjunction with amended, restated credit agreement, co repaid in full outstanding term loan under previous credit agreement.  Full Article

McDermott International amends, restates prior credit agreement
Friday, 30 Jun 2017 04:53pm EDT 

June 30 (Reuters) - McDermott International Inc ::McDermott International says ‍on June 30, co amended and restated prior credit agreement by entering amended and restated credit agreement​ - SEC filing.McDermott International Inc - ‍credit agreement includes $810 million of commitments from lenders and $300 million of which is available for revolving loans​.McDermott International Inc - ‍senior secured credit facility established by credit agreement is scheduled to mature in June 2022​.  Full Article

Mcdermott completes load-out and install of first jacket from dammam fabrication yard
Tuesday, 13 Jun 2017 07:30am EDT 

June 13 (Reuters) - Mcdermott International Inc :Mcdermott -load-out and installation of first jacket fully fabricated by company at its recently opened dammam fabrication yard in Saudi Arabia.Mcdermott international inc says load-out marks first jacket delivered to saudi aramco from mcdermott's recently opened dammam fabrication yard.  Full Article

Mcdermott awarded Angelin Epcic contract from BP Trinidad & Tobago
Monday, 5 Jun 2017 07:30am EDT 

June 5 (Reuters) - Mcdermott International Inc :Mcdermott awarded angelin epcic contract from bp trinidad & tobago.Mcdermott international inc- large lump sum contract award will be reflected in mcdermott's q2 2017 backlog..Mcdermott international - co to provide turnkey epcic solution to design, fabricate, install a six-slot wellhead platform, 26-inch subsea pipeline.  Full Article

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