McDermott (MDR) Reports Q4 Loss Per Share of $1.55

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McDermott Reports Fourth Quarter and Full Year 2018 Financial and Operational Results

February 25, 2019 7:30 AM EST

HOUSTON, Feb. 25, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today reported revenues of $2.1 billion and net loss of $(2.8) billion, or $(15.33) per diluted share, for the fourth quarter of 2018.

"Our results for the fourth quarter of 2018 were marked by several significant non-recurring charges, including those related to goodwill and deferred tax assets," said David Dickson, President and Chief Executive Officer. "Additionally, our operating performance was unfavorably impacted by a change in estimate on the Calpine gas turbine project, the previously announced change in estimate on the Cameron LNG... More