McDermott Int'l (MDR) Tops Q1 EPS by 12c, Trims FY Revenue Guidance

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McDermott Reports First Quarter 2016 Financial and Operational Results

May 5, 2016 4:04 PM EDT

Excellence in Project Execution Drives Operational Profitability in First Quarter

Continued Penetration into the Subsea Market with the Woodside Award Utilizing the DLV 2000

Completion of the PB Litoral Project Illustrates Ability to Successfully Execute Significant Complex Projects in Mexico

Company to Host Conference Call and Webcast Today at 4:00 pm CDT

HOUSTON, May 05, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE: MDR) (McDermott or the Company) today announced financial and operational results for the first quarter ended March 31, 2016.

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