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.

Employee Rating

3.5More
TypePublic
HQHouston, US
Founded1923
Size (employees)11,800 (est)-4%
Websitemcdermott.com
McDermott International was founded in 1923 and is headquartered in Houston, US
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Key People/Management at McDermott International

David Dickson

David Dickson

President and Chief Executive Officer
Samik Mukherjee

Samik Mukherjee

Executive Vice President and Chief Operating Officer
Stuart Spence

Stuart Spence

Executive Vice President and Chief Financial Officer
John M. Freeman

John M. Freeman

Executive Vice President and Chief Legal Officer
Stephen L. Allen

Stephen L. Allen

Senior Vice President and Chief Human Resources Officer
Brian McLaughlin

Brian McLaughlin

Senior Vice President and Chief Commercial Officer
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McDermott International Office Locations

McDermott International has offices in Houston, Dubai, Doha, Al Khobar and in 52 other locations
Houston, (HQ)
757 N Eldridge Pkwy
Alpharetta,
500 11560 Great Oaks Way
Baton Rouge,
11115 Industriplex Blvd
Bloomfield,
1515 Broad St
Canton,
150 Royall St
Charlotte,
400 500 E Morehead St
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McDermott International Financials and Metrics

McDermott International Revenue

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McDermott International's revenue was reported to be $2.98 b in FY, 2017
USD

Revenue (Q3, 2018)

2.3b

Gross profit (Q3, 2018)

303.0m

Gross profit margin (Q3, 2018), %

13.2%

EBIT (Q3, 2018)

129.0m

Market capitalization (4-Dec-2018)

1.5b

Closing stock price (4-Dec-2018)

8.3
McDermott International's current market capitalization is $1.5 b.
Annual
USDFY, 2013Y, 2014FY, 2015Y, 2015FY, 2016FY, 2017

Revenue

2.7b2.3b3.1b3.1b2.6b3.0b

Revenue growth, %

(13%)33%(14%)

Cost of goods sold

2.8b2.1b2.7b2.7b2.2b2.4b

Gross profit

(142.5m)187.9m379.0m379.0m386.4m535.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

686.9m603.8m476.1m414.6m550.5m1.0b805.9m729.0m706.6m558.5m519.4m788.7m958.5m607.8m1.7b2.3b

Cost of goods sold

686.4m591.5m432.3m370.3m475.5m925.5m721.0m616.0m595.4m455.5m428.6m650.4m773.9m475.7m1.5b2.0b

Gross profit

441.0k12.3m43.8m44.3m75.0m121.0m84.9m113.0m111.2m103.0m90.8m138.2m184.6m132.1m249.0m303.0m

Gross profit Margin, %

0%2%9%11%14%12%11%15%16%18%17%18%19%22%14%13%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

118.7m665.3m664.8m595.9m390.3m

Accounts Receivable

26.5m

Inventories

Current Assets

1.1b1.5b1.5b1.3b1.4b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

282.4m268.1m764.0m644.0m576.6m631.4m696.1m470.0m500.5m623.5m393.7m416.4m412.7m

Inventories

48.0m58.0m

Current Assets

1.4b1.3b1.7b1.6b1.6b1.5b1.5b1.3b1.3b1.4b1.4b1.6b1.4b3.5b3.4b

PP&E

1.7b1.7b1.7b1.7b1.7b2.1b2.1b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(498.0m)(65.4m)(8.8m)36.3m177.2m

Depreciation and Amortization

84.6m93.2m100.3m89.9m100.7m

Inventories

Accounts Payable

(17.5m)(154.4m)78.6m(101.8m)105.4m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(59.0m)(49.4m)(9.1m)(87.9m)(12.0m)1.6m9.2m(2.4m)19.4m35.8m24.2m60.7m153.6m34.1m79.0m79.0m

Depreciation and Amortization

24.6m68.7m25.3m51.4m76.0m20.6m42.0m66.9m21.4m49.7m78.0m22.8m80.0m187.0m

Inventories

14.0m4.0m

Accounts Payable

32.7m(99.6m)110.8m120.6m98.6m16.8m(65.2m)(110.2m)95.3m260.1m338.9m(89.6m)129.0m123.0m
USDY, 2018

Financial Leverage

3.4 x
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McDermott International Online and Social Media Presence

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McDermott International Company Life and Culture

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McDermott International Frequently Asked Questions

  • When was McDermott International founded?

    McDermott International was founded in 1923.

  • Who are McDermott International key executives?

    McDermott International's key executives are David Dickson, Samik Mukherjee and Stuart Spence.

  • How many employees does McDermott International have?

    McDermott International has 11,800 employees.

  • What is McDermott International revenue?

    Latest McDermott International annual revenue is $3 b.

  • What is McDermott International revenue per employee?

    Latest McDermott International revenue per employee is $252.9 k.

  • Who are McDermott International competitors?

    Competitors of McDermott International include KBR, ProTech Sales and McCoy Global.

  • Where is McDermott International headquarters?

    McDermott International headquarters is located at 757 N Eldridge Pkwy, Houston.

  • Where are McDermott International offices?

    McDermott International has offices in Houston, Dubai, Doha, Al Khobar and in 52 other locations.

  • How many offices does McDermott International have?

    McDermott International has 63 offices.