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McDermott International Inc (MDR.N)

MDR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

McDermott Encourages Stockholders To Vote "For" Proposed Combination With CB&I
Friday, 6 Apr 2018 08:58am EDT 

April 6 (Reuters) - Mcdermott International Inc ::MCDERMOTT ENCOURAGES STOCKHOLDERS TO VOTE “FOR” THE PROPOSED COMBINATION WITH CB&I.CB&I COMBINATION EXPECTED TO CLOSE IN Q2 OF 2018.  Full Article

McDermott Encourages Stockholders To Vote "For" The Proposed Combination With CB&I
Thursday, 5 Apr 2018 09:13pm EDT 

April 6 (Reuters) - McDermott International Inc ::MCDERMOTT ENCOURAGES STOCKHOLDERS TO VOTE “FOR” THE PROPOSED COMBINATION WITH CB&I.  Full Article

Mcdermott And CB&I Announce Executive Leadership Team
Tuesday, 13 Mar 2018 07:30am EDT 

March 13 (Reuters) - Mcdermott International Inc ::MCDERMOTT AND CB&I ANNOUNCE EXECUTIVE LEADERSHIP TEAM AND ORGANIZATIONAL STRUCTURE FOR FUTURE COMBINED COMPANY.MCDERMOTT INTERNATIONAL INC - COMBINATION OF CO AND CB&I EXPECTED TO CLOSE IN Q2 OF 2018.MCDERMOTT INTERNATIONAL INC - UPON CLOSE OF TRANSACTION WITH CB&I, COMBINED COMPANY'S OPERATIONS WILL BE ORGANIZED BY FOUR AREAS.MCDERMOTT INTERNATIONAL INC - DAVID DICKSON, CURRENTLY SERVING AS PRESIDENT & CEO FOR MCDERMOTT, WILL CONTINUE IN THAT ROLE FOR COMBINED COMPANY.MCDERMOTT INTERNATIONAL INC - STUART SPENCE, CURRENT CFO FOR MCDERMOTT, WILL CONTINUE IN THAT ROLE FOR COMBINED COMPANY.  Full Article

McDermott Awarded Detailed Engineering And Long Lead Procurement For BP Cassia C Compression Platform
Monday, 5 Mar 2018 07:30am EST 

March 5 (Reuters) - Mcdermott International Inc ::MCDERMOTT AWARDED DETAILED ENGINEERING AND LONG LEAD PROCUREMENT FOR THE BP CASSIA C COMPRESSION PLATFORM.MCDERMOTT INTERNATIONAL INC - AWARDED A DETAILED ENGINEERING AND LONG LEAD PROCUREMENT SERVICES CONTRACT FROM BP TRINIDAD & TOBAGO, LLC.  Full Article

McDermott Reports Q4 GAAP Earnings Per Share $0.09
Wednesday, 21 Feb 2018 07:30am EST 

Feb 21 (Reuters) - McDermott International Inc ::MCDERMOTT REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL AND OPERATIONAL RESULTS.Q4 GAAP EARNINGS PER SHARE $0.09.Q4 REVENUE $718.1 MILLION VERSUS $641.8 MILLION.QTRLY ‍ADJUSTED DILUTED EPS $0.10​.‍AS OF DECEMBER 31, 2017, COMPANY'S BACKLOG WAS $3.9 BILLION, COMPARED TO $2.4 BILLION AT SEPTEMBER 30, 2017​.SEES ‍ FULL YEAR 2018 REVENUES $3.1 BILLION - $3.3 BILLION​.SEES 2018‍ DILUTED INCOME PER SHARE​ BETWEEN $0.42 TO $0.52.SEES ‍FULL YEAR 2018 CAPEX $100 MILLION - $115 MILLION ​.SEES ‍FULL YEAR 2018 FREE CASH FLOW $195 MILLION - $235 MILLION​.Q4 EARNINGS PER SHARE VIEW $0.04, REVENUE VIEW $728.6 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $0.46, REVENUE VIEW $3.07 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

McDermott Awarded 13 Jacket EPCI Saudi Aramco Contract
Wednesday, 24 Jan 2018 07:30am EST 

Jan 24 (Reuters) - McDermott International Inc ::MCDERMOTT AWARDED 13 JACKET EPCI SAUDI ARAMCO CONTRACT.MCDERMOTT INTERNATIONAL- CONTRACT AWARD WILL BE REFLECTED IN MCDERMOTT'S Q1 2018 BACKLOG, WORK IS EXPECTED TO BE CARRIED OUT THROUGH SECOND HALF OF 2018​.  Full Article

Mcdermott Sees FY 2017 Revenues About $3.0 Billion
Wednesday, 24 Jan 2018 07:30am EST 

Jan 24 (Reuters) - Mcdermott International Inc ::MCDERMOTT UPDATES 2017 GUIDANCE AND ISSUES 2018 GUIDANCE.SEES FY 2017 REVENUES ABOUT $3.0 BILLION.SEES ‍ FULL YEAR 2017 DILUTED INCOME PER SHARE $0.60- $0.63​.SEES FULL YEAR 2018 EARNINGS PER SHARE $0.42 TO $0.52.SEES ‍ FULL YEAR 2017 CAPEX $115 MILLION - $120 MILLION​.SEES FULL YEAR 2018 CAPEX OF $100 MILLION TO $115 MILLION.SEES FY 2018 ‍REVENUES OF $3.1 BILLION TO $3.3 BILLION ​.FY2017 EARNINGS PER SHARE VIEW $0.54, REVENUE VIEW $3.01 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $0.41, REVENUE VIEW $3.02 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

McDermott Awarded EPCC Contract For Tyra Redevelopment Project By Maersk Oil
Friday, 22 Dec 2017 07:55am EST 

Dec 22 (Reuters) - McDermott International Inc ::MCDERMOTT AWARDED EPCC CONTRACT FOR TYRA REDEVELOPMENT PROJECT BY MAERSK OIL.MCDERMOTT INTERNATIONAL - WORK ON CONTRACT IS EXPECTED TO BEGIN EARLY NEXT YEAR & LUMP SUM CONTRACT WILL BE REFLECTED IN CO'S Q4 2017 BACKLOG.MCDERMOTT INTERNATIONAL INC - SCHEDULED TO COMPLETE WORK PACKAGES FOR SAIL-AWAY BY FEB 1, 2020 & FEB 1, 2021.MCDERMOTT INTERNATIONAL- CO TO PROVIDE ENGINEERING, PROCUREMENT, CONSTRUCTION FOR 2 SEPARATE WORK PACKAGES FOR MAERSK OIL IN REDEVELOPMENT PROJECT.  Full Article

Mcdermott International Says In Case Of Termination Of Deal With Cb&I Under Certain Specified Circumstances, Co To Pay Cb&I Termination Fee Of $60 Mln
Monday, 18 Dec 2017 05:25pm EST 

Dec 18 (Reuters) - Chicago Bridge & Iron Company Nv ::MCDERMOTT INTERNATIONAL- IN CASE OF TERMINATION OF DEAL WITH CB&I UNDER CERTAIN SPECIFIED CIRCUMSTANCES, CO TO PAY CB&I TERMINATION FEE OF $60 MILLION.  Full Article

Mcdermott And CB&I To Combine In Transaction Valued At $6 BLN
Monday, 18 Dec 2017 04:15pm EST 

Dec 18 (Reuters) - Mcdermott International Inc ::MCDERMOTT AND CB&I TO COMBINE IN TRANSACTION VALUED AT $6 BILLION.MCDERMOTT INTERNATIONAL INC - MCDERMOTT SHAREHOLDERS TO OWN 53% AND CB&I SHAREHOLDERS TO OWN 47% OF COMBINED COMPANY.MCDERMOTT INTERNATIONAL - COMBINED CO TO HAVE COMBINED REVENUES OF APPROXIMATELY $10 BILLION AND BACKLOG OF APPROXIMATELY $14.5 BILLION.MCDERMOTT INTERNATIONAL - CB&I SHAREHOLDERS TO BE ENTITLED TO RECEIVE 2.47221 SHARES OF CO STOCK FOR EACH SHARE OF CB&I COMMON STOCK OWNED.MCDERMOTT INTERNATIONAL - DEAL IS EXPECTED TO BE CASH ACCRETIVE, EXCLUDING ONE-TIME COSTS, WITHIN FIRST YEAR AFTER CLOSING.MCDERMOTT INTERNATIONAL INC - DEAL ALSO EXPECTED TO GENERATE ANNUALIZED COST SYNERGIES OF $250 MILLION IN 2019.MCDERMOTT INTERNATIONAL INC - ANNUALIZED COST SYNERGIES OF $250 MILLION EXPECTED IN 2019 FROM DEAL.MCDERMOTT INTERNATIONAL - DAVID DICKSON, CURRENT PRESIDENT AND CEO OF MCDERMOTT, WILL BE PRESIDENT AND CEO OF COMBINED CO.MCDERMOTT INTERNATIONAL - STUART SPENCE, CURRENT CFO OF MCDERMOTT, WILL BE CHIEF FINANCIAL OFFICER OF COMBINED COMPANY.MCDERMOTT INTERNATIONAL INC - BOARD OF DIRECTORS OF COMBINED CO WILL BE COMPRISED OF 11 MEMBERS, INCLUDING 10 INDEPENDENT DIRECTORS AND DAVID DICKSON.MCDERMOTT INTERNATIONAL INC - COMBINED CO HAS SECURED ABOUT $6 BILLION OF FULLY-COMMITTED FINANCING, LED BY BARCLAYS, CREDIT AGRICOLE CIB & GOLDMAN SACHS.MCDERMOTT INTERNATIONAL INC - TRANSACTION HAS BEEN APPROVED BY BOARDS OF BOTH COMPANIES.  Full Article