NavigatIIR: McDermott's Future in Doubt as Financial Woes Threaten its Role in $139 Billion of Projects

Researched by Industrial Info Resources (Sugar Land, Texas)--Engineering, procurement and construction (EPC) giant McDermott International (NYSE:MDR) (Houston, Texas) is looking at an uncertain future, as 2019 has been a bruising year for its public image and bottom line. In addition to troubled legacy assets from CB&I, which it acquired last year, McDermott's operational expenses have been outstripping its revenues, which were weaker than expected in the third quarter. Industrial Info is tracking nearly $139 billion in active projects involving McDermott, nearly $46 billion of which are under construction.

To read the complete article, visit the most recent edition of Industrial Info's NavigatIIR online newsletter.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.