McDermott International Reports Strong Financial Results for 2025
In a recent announcement, McDermott International, Ltd. presented its financial results for the fourth quarter and the full year of 2025, showcasing a robust performance that exceeded expectations. The figures reveal substantial growth, with the company generating a total revenue of $10.0 billion for the year and $2.6 billion for the fourth quarter alone.
McDermott’s adjusted EBITDA for the same periods were notable, standing at $428 million for the full year and $108 million in the fourth quarter, while cash flow from operations also reflected a positive trend, amounting to $372 million and $340 million, respectively. With a year-end backlog of $18.2 billion, the company is well-positioned for future projects.
Michael McKelvy, serving as the Chief Executive Officer and Chair of the Board, emphasized the success achieved through strong project execution and enhanced operational discipline across the board. McKelvy stated, "We surpassed our forecasts for the year by maintaining excellence in execution and ensuring the quality of our backlog improved." He acknowledged the ongoing situation in the Middle East, highlighting that operations in the region continue amid shifting conditions. Despite the challenges, McDermott remains confident in its capability to navigate the dynamic environment effectively.
Looking forward, McDermott is focused on sustaining the momentum achieved in 2025, aiming to deliver on the 2026 plan with the same strategic discipline and operational excellence. The company plans to host its earnings conference call for investors on April 9, 2026, at 9:00 a.m. CDT, where further insights into these results will be provided.
McDermott International is recognized as a leading provider of engineering and construction solutions tailored for the energy sector. The company prides itself on its technology-driven initiatives, aimed at transforming global energy resources responsibly into essential products. With operations in over 30 countries, McDermott boasts a workforce of over 30,000 employees and an extensive fleet of specialized marine construction vessels and fabrication facilities. The firm is dedicated to propelling the next generation of energy infrastructure, paving the way for a cleaner and more sustainable future.
To learn more about McDermott’s offerings and to keep up with their latest updates, visit their official website at www.mcdermott.com. The press release concluded with a caution regarding forward-looking statements, urging stakeholders to consider various risks and uncertainties that could impact future expectations. McDermott’s leadership expressed optimism while underscoring that actual results may differ based on market conditions and project execution dynamics.
McDermott’s adjusted EBITDA for the same periods were notable, standing at $428 million for the full year and $108 million in the fourth quarter, while cash flow from operations also reflected a positive trend, amounting to $372 million and $340 million, respectively. With a year-end backlog of $18.2 billion, the company is well-positioned for future projects.
Michael McKelvy, serving as the Chief Executive Officer and Chair of the Board, emphasized the success achieved through strong project execution and enhanced operational discipline across the board. McKelvy stated, "We surpassed our forecasts for the year by maintaining excellence in execution and ensuring the quality of our backlog improved." He acknowledged the ongoing situation in the Middle East, highlighting that operations in the region continue amid shifting conditions. Despite the challenges, McDermott remains confident in its capability to navigate the dynamic environment effectively.
Looking forward, McDermott is focused on sustaining the momentum achieved in 2025, aiming to deliver on the 2026 plan with the same strategic discipline and operational excellence. The company plans to host its earnings conference call for investors on April 9, 2026, at 9:00 a.m. CDT, where further insights into these results will be provided.
About McDermott
McDermott International is recognized as a leading provider of engineering and construction solutions tailored for the energy sector. The company prides itself on its technology-driven initiatives, aimed at transforming global energy resources responsibly into essential products. With operations in over 30 countries, McDermott boasts a workforce of over 30,000 employees and an extensive fleet of specialized marine construction vessels and fabrication facilities. The firm is dedicated to propelling the next generation of energy infrastructure, paving the way for a cleaner and more sustainable future.
To learn more about McDermott’s offerings and to keep up with their latest updates, visit their official website at www.mcdermott.com. The press release concluded with a caution regarding forward-looking statements, urging stakeholders to consider various risks and uncertainties that could impact future expectations. McDermott’s leadership expressed optimism while underscoring that actual results may differ based on market conditions and project execution dynamics.
Topics General Business）
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