McDermott Int'l (MDR) Tops Q3 EPS by 16c, Revenue Comes in Light

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McDermott Reports Third Quarter 2016 Financial and Operational Results

October 25, 2016 4:05 PM EDT

Profitable Quarter Due to Strong Project Execution and Cost Management Driven by the One McDermott Way Initiative

Strong Foundation for 2017, with $2.4 Billion of Expected Revenue in Backlog

Excellence in Project Execution exhibited by Fabrication Completion of Ayatsil-C, First Steel Cut for Abkatun-A2 and Completion of Caesar Tonga II Early in the Fourth Quarter

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

HOUSTON, Oct. 25, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE: MDR) (McDermott, the Company, we or us) today announced... More