McDermott International

McDermott is a leading provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide. The Company delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning for complex Offshore and Subsea oil and gas projects to help oil companies safely produce and transport hydrocarbons. Our clients include national and major energy companies. Operating in more than 20 countries across the world, our locally focused and globally integrated resources include approximately 11,700 employees, a diversified fleet of specialty marine construction vessels, fabrication facilities and engineering offices. We are renowned for our extensive knowledge and experience, technological advancements, performance records, superior safety and commitment to deliver. McDermott has served the energy industry since 1923 and is listed on the New York Stock Exchange.
Company Growth (employees)
Type
Public
HQ
Houston, US
Founded
1923
Size (employees)
12,400 (est)+17%
McDermott International was founded in 1923 and is headquartered in Houston, US

McDermott International Office Locations

McDermott International has offices in Houston, Boston, Chicago, Dallas and in 16 other locations
Houston, US (HQ)
757 N Eldridge Pkwy
Shanghai, CN
Shi Ji Da Dao Zhan
Roma, IT
18 Via Luisa Di Savoia
Paris, FR
23 Rue de l'Université
München, DE
3 Nymphenburger Str.
Milano, IT
4 Via dei Bossi
London, GB
110 Bishopsgate
Frankfurt am Main, DE
35 Feldbergstraße
Düsseldorf, DE
1 Stadttor
Etterbeek, BE
9 Avenue des Nerviens
Washington, US
500 North Capitol St NW
Menlo Park, US
100 275 Middlefield Rd
Irvine, US
1700 4 Park Plaza
New York, US
340 Madison Ave
Miami, US
4500 333 SE 2nd Ave
Los Angeles, US
Century Plaza Towers 2049 Century Park E
Dallas, US
1900 2501 N Harwood St
Chicago, US
At&T Center 227 W Monroe St
Boston, US
28 State St

McDermott International Metrics

McDermott International Financial Metrics

Revenue (2016)

$2.6 b

Revenue growth (2015-16), %

(14%)

Gross profit

$386.4 m

Gross profit margin (2016), %

15%

Net income (2016)

$36.3 m

Market capitalization (21-Mar-2017)

$1.5 b

Closing share price (21-Mar-2017)

$6.5

Cash (31-Dec-2016)

$595.9 m
McDermott International's current market capitalization is $1.5 b.
McDermott International's revenue was reported to be $2.6 b in FY, 2016
FY, 2013Y, 2014Y, 2015FY, 2016

Revenue

$2.7 b$2.3 b$3.1 b$2.6 b

Revenue growth, %

(13%)33%(14%)

Cost of goods sold

$2.8 b$2.1 b$2.7 b$2.2 b

Gross profit

($142.5 m)$187.9 m$379 m$386.4 m

Gross profit Margin, %

(5%)8%12%15%

Operating expense total

$306.2 m$2.3 b$3 b$2.5 b

EBIT

($464.8 m)$8.6 m$91.2 m$142.3 m

EBIT margin, %

(17%)0%3%5%

Interest expense

$50.1 m$58.9 m

Interest income

$50.1 m

Income tax expense

$49.1 m$20.1 m$52 m$41.9 m

Net Income

($498 m)($65.4 m)($8.8 m)$36.3 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$118.7 m$665.3 m$664.8 m$595.9 m

Accounts Receivable

Inventories

Current Assets

$1.1 b$1.5 b$1.5 b$1.3 b

PP&E

$1.7 b

Goodwill

Total Assets

$2.8 b$3.4 b$3.4 b$3.2 b

Accounts Payable

$398.7 m$251.9 m$279.8 m$173.2 m

Current Liabilities

$1.1 b$860.9 m$841.5 m$709.3 m

Additional Paid-in Capital

$1.4 b$1.7 b$1.7 b$1.7 b

Retained Earnings

($71.2 m)($239.6 m)($260.9 m)($226.8 m)

Total Equity

$1.4 b$1.5 b$1.5 b$1.6 b

Financial Leverage

1.9 x2.2 x2.2 x2 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

($498 m)($65.4 m)($8.8 m)$36.3 m

Depreciation and Amortization

$84.6 m$93.2 m$100.3 m$89.9 m

Accounts Receivable

$30.2 m$166 m($83 m)($90 m)

Inventories

Accounts Payable

($17.5 m)($154.4 m)$78.6 m($101.8 m)

Cash From Operating Activities

($521.4 m)

Purchases of PP&E

($284 m)($321.2 m)($102.9 m)($228.1 m)

Long-term Borrowings

($26.9 m)($103 m)

Income Taxes Paid

($54.4 m)($4.7 m)$1.8 m$37.7 m

McDermott International Market Value History

McDermott International Online Presence

McDermott International Company Life

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