McDermott Int'l (MDR) Tops Q4 EPS by 3c

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February 22, 2016 4:49 PM EST
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Price: $0.70 --0%

Financial Fact:
Revenues: 558.54M

Today's EPS Names:
SVBT, ZEO, OTLK, More
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McDermott Int'l (NYSE: MDR) reported Q4 EPS of ($0.08), $0.03 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $667.4 million versus the consensus estimate of $757.82 million.

2016 Outlook

($ in millions, except per share amounts, or as indicated)
FY'16 Guidance
Revenues~2.9B
Adjusted Operating Income~115
Net Interest Expense1~64
Income Tax Expense~55
Adjusted Net Income~0
Adjusted Diluted EPS~0.00
Adjusted EBITDA~240
Restructuring Expense~10
Cash Interest / DIC Amortization Interest~60 / ~14
Covenant EBITDA - TTM2~285
Capex1~260
Ending Cash and Restricted Cash~580
Ending Gross Debt~840
Free Cash Flow ~(160)
1) Net Interest Expense has been reduced by ~$10M for capitalized interest included in Capex.
2) Exceeds minimum covenant EBITDA required under the Credit Facility of $251 million before use of $28 million available add-back. ~ = approximately

For earnings history and earnings-related data on McDermott Int'l (MDR) click here.


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