McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) today previewed its 2011 third quarter by providing its current expectations for certain financial categories of the Company’s continuing operations, based upon management’s recent operating reviews.
|Financial Metric||3Q11 Expected Range/Amount|
|Operating Income||$30-$38 million|
|Net Income||$6-$12 million|
|EPS||3-5 cents per diluted share|
|Project Losses||$50 million|
|Bids Outstanding||$5.0 billion|
McDermott also announced today that it will report its actual third quarter 2011 financial results during the evening of November 8, 2011.