McDermott Sinks on Restructuring Costs

Houston-based McDermott has reported quarterly loss of $70 million, or 39 cents per diluted share, compared to profit of $35 million, or 37 cents per diluted share in the first quarter of 2018.

Excluding $73 million of restructuring, integration and transaction costs, the adjusted profit for the first quarter of 2019 was $3 million, or 2 cents per diluted share.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.