OverviewSuggest Edit
McDermott is a provider of engineering, procurement, construction and installation and technology solutions to the energy industry. It delivers petrochemical, refining, gasification, and gas processing technologies. The company also offers offshore oil and gas production systems, subsea production systems, onshore oil and gas field production, onshore and offshore pipelines, and natural gas processing. McDermott provides a range of EPC services for the LNG industry comprising liquefaction plants, regasification terminals, peak shaving facilities, storage tanks, and FLNG topsides. McDermott operates through five segments: NCSA, EARC, MENA, APAC, and Technology.
| Type | Public | |
| Founded | 1923 | |
| HQ | Houston, US | Map |
| Website | mcdermott.com | |
| Employee Ratings | More | |
| Overall Culture | D- | More |
Key People/Management at McDermott
David Dickson
Kevin Hargrove
Samik Mukherjee
Chris Krummel
John M. Freeman
Brian McLaughlin
McDermott Office Locations
McDermott Financials and Metrics
McDermott Revenue
| 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) |
Market capitalization (22-Jan-2020) | 127.9m |
Closing stock price (22-Jan-2020) | 0.7 |
Cash (31-Mar-2020) | 1.2b |
EV | 1.4b |
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 519.4m | 788.7m | 958.5m | 607.8m | 1.7b | 2.3b | 2.2b | 2.1b | 2.1b | 1.9b |
Cost of goods sold | 428.6m | 650.4m | 773.9m | 475.7m | 1.5b | 2.0b | 2.0b | 2.0b | 2.2b | 1.9b |
Gross profit | 90.8m | 138.2m | 184.6m | 132.1m | 237.0m | 273.0m | 183.0m | 178.0m | (59.0m) | 50.0m |
Gross profit Margin, % | 17% | 18% | 19% | 22% | 14% | 12% | 8% | 8% | (3%) | 3% |
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 623.5m | 393.7m | 416.4m | 412.7m | 814.0m | 580.0m | 413.0m | 455.0m | 677.0m | 1.2b |
Accounts Receivable | 199.3m | 331.3m | 263.1m | 395.1m | 968.0m | 1.1b | 977.0m | 1.0b | 935.0m | 832.0m |
Inventories | 48.0m | 58.0m | 106.0m | 42.0m | 52.0m | |||||
Current Assets | 1.4b | 1.4b | 1.6b | 1.4b | 3.5b | 3.4b | 3.2b | 3.2b | 3.5b | 6.2b |
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 24.2m | 60.7m | 153.6m | 34.1m | 79.0m | 79.0m | (57.0m) | (171.0m) | (2.0b) | (1.4b) |
Depreciation and Amortization | 21.4m | 49.7m | 78.0m | 22.8m | 80.0m | 187.0m | 76.0m | 137.0m | 200.0m | 60.0m |
Inventories | 14.0m | 4.0m | (23.0m) | |||||||
Accounts Payable | 95.3m | 260.1m | 338.9m | (89.6m) | 129.0m | 123.0m | 357.0m | 545.0m | 680.0m | (293.0m) |
| USD | Q1, 2017 |
|---|---|
EV/EBIT | 31.8 x |
EV/CFO | 36.8 x |
Debt/Equity | 0.5 x |
Debt/Assets | 0.2 x |
Financial Leverage | 2 x |
P/E Ratio | 253.1 |
McDermott Operating Metrics
| Q1, 2016 | Q2, 2016 | Q3, 2016 | Q4, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
New Orders | $289.80 m | $2.56 b | $321.20 m | $842 m | $3.05 b | $1.43 b | $6.67 b | $7.31 b | $1.66 b | |||||||||
Backlog | $3.84 b | $4.37 b | $3.92 b | $4.32 b | $3.90 b | $3.30 b | $2.43 b | $3.90 b | $3.39 b | $10.19 b | $11.51 b | $10.91 b | $15.38 b | $20.55 b | $20.08 b | $18.64 b | $16.38 b | |
Book-to-Bill Ratio | 340% | 90% | 50% | 130% | 70% | 300% | 340% | 80% | ||||||||||
New Orders (North, Central and South America) | $462 m | $2.30 b | $404 m | $4.31 b | $800 m | $581 m |
McDermott Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Chicago Bridge and Iron | May 10, 2018 | $2.87 b |
| CB&I | December 19, 2017 | |
| CBI Company B.V. | ||
| CBI Company Two B.V. | ||
| CB&I Group Inc. | ||
| CB&I Holdco, LLC | ||
| CBI HoldCo Two Inc. | ||
| CB&I LLC | ||
| CB&I Nederland B. V. | ||
| CB&I Oil & Gas Europe B. V. |
McDermott Revenue Breakdown
McDermott revenue breakdown by business segment: 54.9% from North, Central and South America, 7.9% from Asia Pacific, 21.2% from Middle East and North Africa, 9.0% from Europe, Africa, Russia and Caspian and 7.0% from Technology
McDermott revenue breakdown by geographic segment: 5.5% from Qatar, 10.3% from Other Countries, 11.8% from Saudi Arabia, 52.6% from United States and 19.7% from Other
McDermott Cybersecurity Score
Competitors
McDermott Online and Social Media Presence
2.13k Twitter followers
McDermott has 2.13k Twitter Followers. The number of followers has increased 1% month over month and increased 3.1% quarter over quarter
McDermott's Trends
Twitter Engagement Stats for @McDermott_News
893
Tweets
192
Following
2.1k
Followers
23
Tweets last 30 days
4.9
Avg. likes per Tweet
100%
Tweets with engagement
McDermott Company Culture
Overall Culture
D-
51/100
CEO Rating
D
60/100
Compensation
F
33/100
McDermott News and Updates
McDermott receives DAR Community Service Award
McDermott Announces Second Shipment of MODEC FPSO Modules
McDermott Obtains Landmark "No-Action" Relief for Two Ocean Trust Concerning Digital Asset Custody
Neil Bruce Appointed to McDermott Board of Directors
McDermott, Schneider Electric and io consulting Join Forces to Develop Net Zero Upstream Facilities
McDermott Announces Shipment of First MODEC FPSO Modules
McDermott Frequently Asked Questions
When was McDermott founded?
McDermott was founded in 1923.
Who are McDermott key executives?
McDermott's key executives are David Dickson, Kevin Hargrove and Samik Mukherjee.
How many employees does McDermott have?
McDermott has 31,900 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 $264.3 k.
Who are McDermott competitors?
Competitors of McDermott include Saipem, Bechtel and Jacobs.
Where is McDermott headquarters?
McDermott headquarters is located at 915 N Eldridge Pkwy, Houston.
Where are McDermott offices?
McDermott has offices in Houston, Alpharetta, Bloomfield, Bourbonnais and in 49 other locations.
How many offices does McDermott have?
McDermott has 71 offices.
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