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)
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
Show all (20)

McDermott International Data and Metrics

McDermott International Financial Metrics

McDermott International's revenue was reported to be $519.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

519.4 m

Gross profit (Q1, 2017)

90.8 m

Gross profit margin (Q1, 2017), %

17%

Net income (Q1, 2017)

24.2 m

EBIT (Q1, 2017)

56 m

Market capitalization (22-Aug-2017)

1.7 b

Cash (31-Mar-2017)

623.5 m
McDermott International's current market capitalization is $1.7 b.
USDFY, 2013Y, 2014Y, 2015FY, 2016

Revenue

2.7 b2.3 b3.1 b2.6 b

Revenue growth, %

(13%)33%(14%)

Cost of goods sold

2.8 b2.1 b2.7 b2.2 b

Gross profit

(142.5 m)187.9 m379 m386.4 m

Gross profit Margin, %

(5%)8%12%15%

General and administrative expense

178.8 m

Operating expense total

178.8 m

EBIT

(464.8 m)8.6 m91.2 m142.3 m

EBIT margin, %

(17%)0%3%5%

Interest expense

50.1 m58.9 m

Interest income

50.1 m

Income tax expense

49.1 m20.1 m52 m41.9 m

Net Income

(498 m)(65.4 m)(8.8 m)36.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

476.1 m414.6 m550.5 m1 b805.9 m729 m706.6 m558.5 m519.4 m

Cost of goods sold

432.3 m370.3 m475.5 m925.5 m721 m616 m595.4 m455.5 m428.6 m

Gross profit

43.8 m44.3 m75 m121 m84.9 m113 m111.2 m103 m90.8 m

Gross profit Margin, %

9%11%14%12%11%15%16%18%17%

R&D expense

480 k

General and administrative expense

56.9 m55.1 m51.7 m47.8 m44.7 m38.3 m52.1 m47 m36.6 m

Operating expense total

56.9 m55.1 m51.7 m47.8 m44.7 m38.3 m52.1 m47 m37.1 m

EBIT

28.1 m(14.1 m)6.6 m41.6 m29.5 m36 m57 m43.1 m56 m

EBIT margin, %

6%(3%)1%4%4%5%8%8%11%

Interest expense

12.2 m13 m13 m11.2 m12.7 m17.4 m17.7 m

Interest income

12.2 m

Pre tax profit

41.5 m30.9 m38.9 m

Income tax expense

4.8 m1.5 m4.9 m16.5 m9.1 m19.3 m19.8 m16 m10.8 m

Net Income

(9.1 m)(29.4 m)(12 m)1.6 m9.2 m(2.4 m)19.4 m35.8 m24.2 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

118.7 m665.3 m664.8 m595.9 m

Accounts Receivable

26.5 m

Current Assets

1.1 b1.5 b1.5 b1.3 b

PP&E

1.7 b

Total Assets

2.8 b3.4 b3.4 b3.2 b

Accounts Payable

398.7 m251.9 m279.8 m173.2 m

Total Debt

704.4 m

Current Liabilities

1.1 b860.9 m841.5 m709.3 m

Additional Paid-in Capital

1.4 b1.7 b1.7 b1.7 b

Retained Earnings

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

Total Equity

1.4 b1.5 b1.5 b1.6 b

Debt to Equity Ratio

0.4 x

Debt to Assets Ratio

0.2 x

Financial Leverage

1.9 x2.2 x2.2 x2 x
USDQ2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

764 m644 m576.6 m631.4 m696.1 m470 m500.5 m623.5 m

Current Assets

1.7 b1.6 b1.6 b1.5 b1.5 b1.3 b1.3 b1.4 b

PP&E

1.7 b1.7 b

Total Assets

3.6 b3.5 b3.5 b3.4 b3.4 b3.2 b3.1 b3.3 b

Accounts Payable

347.9 m292.1 m326.8 m303.8 m298.3 m216 m169.1 m270.3 m

Current Liabilities

940.5 m881.8 m938.4 m838.6 m782.7 m661.3 m627.5 m697.6 m

Additional Paid-in Capital

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

Retained Earnings

(131.9 m)(165.6 m)(242.6 m)(242.2 m)(263.1 m)(242.4 m)(226.3 m)(204.9 m)

Total Equity

1.6 b1.6 b1.6 b1.6 b1.6 b1.6 b1.6 b1.6 b

Financial Leverage

2.2 x2.2 x2.2 x2.2 x2.1 x2 x2 x2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

84.6 m93.2 m100.3 m89.9 m

Accounts Receivable

30.2 m166 m(83 m)(89.8 m)

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 m37.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(9.1 m)(29.4 m)(12 m)1.6 m9.2 m(2.4 m)19.4 m35.8 m24.2 m

Depreciation and Amortization

25.3 m51.4 m76 m20.6 m42 m66.9 m21.4 m

Accounts Receivable

(69.2 m)(147.3 m)11.3 m(61.2 m)(30.8 m)(29.7 m)161.3 m

Accounts Payable

110.8 m120.6 m98.6 m16.8 m(65.2 m)(110.2 m)95.3 m

Purchases of PP&E

(24 m)(48 m)(66.1 m)(31.9 m)(170.7 m)(197.4 m)(62.8 m)

Long-term Borrowings

(4.7 m)(13.4 m)(18 m)(4.8 m)(88.8 m)(93.8 m)(5.2 m)

Income Taxes Paid

10.5 m
USDY, 2017

Revenue/Employee

41.9 k

Financial Leverage

2 x

McDermott International Market Value History

Traffic Overview of McDermott International

McDermott International Online and Social Media Presence

McDermott International Company Life and Culture

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