McDermott encouraged by record-setting backlog despite $146 million loss

U.S.-based EPCI company McDermott International booked a loss of $146 million for the second quarter of 2019, but the company is encouraged by its record-setting level of backlog.

McDermott on Monday reported revenues of $2.1 billion for the second quarter of the year. In the same period last year, McDermott recorded revenues were $1.7 billion.

Furthermore, the company recorded operating loss of $61 million for the second quarter of 2019 compared to operating income of $49 million.

Continue reading

Leave a Reply

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