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

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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.

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