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.
Type
Public
HQ
Houston, US
Founded
1923
Size (employees)
12,400 (est)
McDermott International was founded in 1923 and is headquartered in Houston, US
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McDermott International Office Locations

McDermott International has offices in Perth, Dubai, Doha, Al Khobar and in 52 other locations
Houston, US (HQ)
757 N Eldridge Pkwy
Alpharetta, US
500 11560 Great Oaks Way
Baton Rouge, US
11115 Industriplex Blvd
Bloomfield, US
1515 Broad St
Canton, US
150 Royall St
Charlotte, US
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 (Q1, 2018)

607.8 m

Gross profit (Q1, 2018)

132.1 m

Gross profit margin (Q1, 2018), %

21.7%

Net income (Q1, 2018)

34.1 m

EBIT (Q1, 2018)

68.4 m

Market capitalization (11-Jul-2018)

3.3 b

Closing share price (11-Jul-2018)

18.2

Cash (31-Mar-2018)

412.7 m

EV

3.4 b
McDermott International's current market capitalization is $3.3 b.
Annual
USDFY, 2013Y, 2014Y, 2015FY, 2016FY, 2017

Revenue

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

Revenue growth, %

(13%)33%(14%)

Cost of goods sold

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

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

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

Accounts Receivable

26.5 m

Inventories

Current Assets

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

Cash

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

Current Assets

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

PP&E

1.7 b1.7 b1.7 b1.7 b1.7 b

Goodwill

41.2 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

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

Depreciation and Amortization

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

Inventories

Accounts Payable

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

Net Income

(59 m)(49.4 m)(9.1 m)(29.4 m)(12 m)1.6 m9.2 m(2.4 m)19.4 m35.8 m24.2 m60.7 m153.6 m34.1 m

Depreciation and Amortization

25.3 m51.4 m76 m20.6 m42 m66.9 m21.4 m49.7 m78 m22.8 m

Accounts Payable

110.8 m120.6 m98.6 m16.8 m(65.2 m)(110.2 m)95.3 m260.1 m338.9 m(89.6 m)

Purchases of PP&E

(24 m)(48 m)(66.1 m)(31.9 m)(170.7 m)(197.4 m)(62.8 m)(80.9 m)(97.1 m)(18.4 m)
USDY, 2018

EV/EBIT

49.4 x

Financial Leverage

1.7 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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