McDermott

OverviewSuggest Edit

McDermott International is a company that provides engineering, procurement, construction, installation, and technology solutions to the energy industry. It operates through five segments: NCSA, EARC, MENA, APAC, and Technology. It specializes in petrochemical, refining, gasification, and gas processing technologies. The company offers related engineering, fabrication, and assembly services, marine construction vessels, onshore construction services, supply chain management, and CB&I storage solutions. McDermott provides a range of EPC services for the LNG industry comprising liquefaction plants, regasification terminals, peak shaving facilities, storage tanks, and FLNG topsides.
TypePrivate
Founded1923
HQHouston, TX, US
Websitemcdermott.com
Employee Ratings3.8
Overall CultureD

Latest Updates

Employees (est.) (Aug 2022)26,564
Job Openings522
Revenue (FY, 2019)$8.4 B(+26%)
Share Price (Jan 2020)$0.1(-10%)
Cybersecurity ratingBMore
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Key People/Management at McDermott

Michael McKelvy

Michael McKelvy

President, Chief Executive Officer
Travis Brantley

Travis Brantley

Interim Chief Financial Officer
Rachel G. Clingman

Rachel G. Clingman

Executive Vice President, Sustainability, Governance
Gentry Brann

Gentry Brann

Senior Vice President, People, Culture and Communications
Tareq Kawash

Tareq Kawash

Senior Vice President, Onshore, Senior Vice President, Offshore Middle East
Cesar E. Canals

Cesar E. Canals

Global Vice President - Product Executive - CB&I Storage Tank Solutions
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McDermott Office Locations

McDermott has offices in Houston, Perth, Baku, Rio de Janeiro and in 19 other locations
Houston, TX, US (HQ)
915 N Eldridge Pkwy
Perth, AU
15-17 William Street, Level 5
Baku, AZ
Park Hyatt, 1033 Izmir St
Rio de Janeiro, BR
Av. Rio Branco, 110 31o. Andar & 41o. Andar
Shanghai, CN
398 Huaihai Zhong Road, Unit 6H Broad Silver International Building
Brno, CZ
Holandská 8
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McDermott Financials and Metrics

Summary Metrics

Founding Date

1923
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McDermott Revenue

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View revenue for all periods
McDermott's revenue was reported to be $8.43 b in FY, 2019 which is a 25.7% increase from the previous period.
USD

Revenue (Q1, 2020)

1.9b

Gross profit (Q1, 2020)

50.0m

Gross profit margin (Q1, 2020), %

2.6%

Net income (Q1, 2020)

(1.4b)

EBIT (Q1, 2020)

(1.1b)

Cash (31-Mar-2020)

1.2b
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

3.0b6.7b8.4b

Revenue growth, %

13%125%26%

Cost of goods sold

2.4b6.2b8.2b

Gross profit

535.3m518.0m187.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

607.8m1.7b2.3b2.2b2.1b2.1b1.9b

Cost of goods sold

475.7m1.5b2.0b2.0b2.0b2.2b1.9b

Gross profit

132.1m237.0m273.0m183.0m178.0m(59.0m)50.0m

Gross profit Margin, %

22%14%12%8%8%(3%)3%
Annual
USDFY, 2018FY, 2019

Cash

520.0m800.0m

Accounts Receivable

932.0m1.1b

Inventories

101.0m52.0m

Current Assets

3.0b3.6b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

413.0m455.0m677.0m1.2b

Accounts Receivable

977.0m1.0b935.0m832.0m

Inventories

106.0m42.0m52.0m

Current Assets

3.2b3.2b3.5b6.2b
Annual
USDFY, 2018FY, 2019

Net Income

(2.7b)(2.9b)

Depreciation and Amortization

315.0m580.0m

Inventories

(24.0m)

Accounts Payable

(156.0m)497.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

(57.0m)(171.0m)(2.0b)(1.4b)

Depreciation and Amortization

87.0m158.0m230.0m68.0m

Inventories

(23.0m)

Accounts Payable

357.0m545.0m680.0m(293.0m)
USDFY, 2017

Revenue/Employee

252.9k
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McDermott Operating Metrics

Nov, 2021

Countries Covered

54

Product Lines

6

Services Provided

9

Industries Served

9

McDermott Acquisitions / Subsidiaries

Company NameDateDeal Size
SiluriaJuly 29, 2019
Chicago Bridge and IronMay 10, 2018$2.87 b
850 Pine Street LLC
American Plastic Pipe and Supply, LLC
Aptim Facilities, Inc.
Asia Pacific Supply Co.
Atlantic Contingency Constructors II, LLC
Atlantis Contractors Inc.
Benicia North Gateway II, L.L.C.
CBI Americas Ltd.
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McDermott Revenue Breakdown

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McDermott revenue breakdown by business segment: 7.0% from Technology, 54.9% from NCSA, 7.9% from APAC, 9.0% from EARC and 21.2% from MENA

McDermott revenue breakdown by geographic segment: 10.3% from Other Countries, 5.5% from Qatar, 11.8% from Saudi Arabia, 52.6% from United States and 19.7% from Other

Human Capital Metrics

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McDermott Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

McDermott Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

McDermott Online and Social Media Presence

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McDermott Company Culture

  • Overall Culture

    D

    59/100

  • CEO Rating

    F

    49/100

  • Compensation

    D+

    55/100

  • Diversity

    D

    57/100

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McDermott News and Updates

McDermott Awarded Pre-FEED Contract for Proposed H2Perth Project from Woodside Energy

HOUSTON, Aug. 15, 2022 /PRNewswire/ -- McDermott International has been awarded a Pre Front-End Engineering Design (Pre-FEED) contract from Woodside Energy for the proposed H2Perth project located in the Kwinana/Rockingham area in Western Australia. Under the contract scope McDermott will...

QatarEnergy Awards McDermott FEED Contract for the North Field South Offshore Pipelines Project

HOUSTON, Aug. 10, 2022 /PRNewswire/ -- McDermott International has been awarded a Front-End Engineering Design (FEED) contract by QatarEnergy for the North Field South (NFS) Offshore Pipelines and Power/FO cables Project. The new contract is in addition to the awards received by McDermott...

McDermott Adds Four Intellectual Property Partners in Boston and Austin

Additions Bolster Growing Practice with Life Sciences Patent Counsel and Technology IP Litigation Experience BOSTON and AUSTIN, Texas, July 29, 2022 /PRNewswire/ -- International law firm McDermott Will & Emery is pleased to announce the addition of four partners to our growing...

McDermott Launches Austin Office with Prominent Intellectual Property Group

Eight Partner Team Extends Global IP Litigation and Transactions Capabilities Across Technology, Health and Life Science Industries AUSTIN, Texas, June 30, 2022 /PRNewswire/ -- International law firm McDermott Will & Emery is pleased to announce the opening of a new office in Austin,...

McDermott Publishes 2021 Sustainability Report

Reports significant progress, including 29-percent reduction in carbon intensity across operations HOUSTON, June 28, 2022 /PRNewswire/ -- McDermott International has reported progress and performance against its key environmental, social and governance targets in the company's 2021...

McDermott Christens State-of-the-Art Amazon Vessel

HOUSTON, June 17, 2022 /PRNewswire/ -- McDermott International welcomed key customers aboard its newly converted Amazon vessel for a christening ceremony in the port of Rotterdam, The Netherlands. As part of McDermott's global deepwater subsea strategy, the vessel has undergone a...
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McDermott Frequently Asked Questions

  • When was McDermott founded?

    McDermott was founded in 1923.

  • Who are McDermott key executives?

    McDermott's key executives are Michael McKelvy, Travis Brantley and Rachel G. Clingman.

  • How many employees does McDermott have?

    McDermott has 26,564 employees.

  • What is McDermott revenue?

    Latest McDermott annual revenue is $8.4 b.

  • What is McDermott revenue per employee?

    Latest McDermott revenue per employee is $317.4 k.

  • Who are McDermott competitors?

    Competitors of McDermott include TechnipFMC, Fluor and Honeywell.

  • Where is McDermott headquarters?

    McDermott headquarters is located at 915 N Eldridge Pkwy, Houston.

  • Where are McDermott offices?

    McDermott has offices in Houston, Perth, Baku, Rio de Janeiro and in 19 other locations.

  • How many offices does McDermott have?

    McDermott has 24 offices.