McDermott International (MDR): A Yahoo Finance Overview

McDermott International, listed on Yahoo Finance under the ticker MDR (prior to its delisting), was a prominent engineering, procurement, construction, and installation (EPCI) company focused on the energy sector. It provided services for offshore and onshore oil and gas projects, power generation, and other industrial facilities worldwide.

Business Operations: McDermott's operations spanned the entire lifecycle of energy projects, from initial design and engineering to fabrication, installation, and commissioning. Key areas of focus included:

• Offshore: Engineering, construction, and installation of offshore platforms, subsea pipelines, and floating production systems.
• Onshore: Construction of refineries, petrochemical plants, LNG facilities, and power plants.
• Subsea: Design and installation of subsea infrastructure, including pipelines, umbilicals, and risers.

The company operated in various geographic regions, including the Middle East, North America, South America, Asia Pacific, and Europe. Its global footprint allowed it to serve a diverse client base, including major oil and gas companies, national oil companies, and government entities.

Financial Performance (Historical): Before its financial difficulties and subsequent restructuring, McDermott's financial performance was largely tied to the fluctuations in oil and gas prices. Higher oil prices typically led to increased investment in energy projects, boosting demand for McDermott's services and, consequently, revenue. Conversely, lower oil prices often resulted in project deferrals or cancellations, negatively impacting the company's financial performance.

Key financial metrics to monitor on Yahoo Finance (historically) would have included:

• Revenue: Tracked to assess the company's ability to secure and execute projects.
• Net Income/Loss: Gauged the company's profitability.
• Backlog: Represented the value of projects yet to be completed, providing insight into future revenue potential.
• Debt Levels: Crucial, as McDermott carried a significant amount of debt, making it vulnerable to economic downturns.

Challenges and Restructuring: McDermott faced significant financial challenges in recent years, primarily due to cost overruns on certain large-scale projects, declining oil prices, and a heavy debt burden. These factors ultimately led the company to file for bankruptcy protection in January 2020. During the restructuring process, McDermott worked to reduce its debt, streamline operations, and refocus its business strategy. The company emerged from bankruptcy in mid-2020, having shed a substantial portion of its debt and implemented a new organizational structure.

Yahoo Finance and MDR: While MDR stock is no longer actively traded, Yahoo Finance may still contain historical data related to the company, including past stock prices, financial statements, news articles, and SEC filings. This information can be valuable for researching the company's history and understanding the factors that contributed to its financial difficulties. However, it's crucial to remember that this data reflects the past and may not be indicative of the company's current state following its restructuring.

Disclaimer: This information is for general knowledge purposes only and does not constitute financial advice. Always conduct thorough research and consult with a qualified financial advisor before making any investment decisions.