McDermott International Sees Improved Earnings, Embarks on New Cost-Savings Plan

SUGAR LAND--March 4, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--McDermott International Incorporated (NYSE:MDR) (Houston, Texas) has reported improved fourth-quarter and full-year earnings results, citing its turnaround efforts during 2014. The global upstream oil and gas engineering, procurement and construction (EPC) provider reported fourth-quarter 2014 net income of $8.2 million, compared with a net loss of $326.2 million in the prior-year quarter. Industrial Info is tracking five projects worth $5.12 billion that involve McDermott.

Within this article: Details on McDermott International's quarterly earnings and projects, including a subsea development offshore Western Australia.

Additional companies: Total S.A. (NYSE:TOT)