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McDermott International's CEO Discusses Q4 2011 Results - Earnings Call Transcript

McDermott International (MDR)

Q4 2011 Earnings Call

March 01, 2012 8:00 am ET

Executives

John E. Roueche - Vice President of Treasurer & Investor Relations

Stephen M. Johnson - Chairman, Chief Executive Officer and President

Perry L. Elders - Chief Financial Officer, Principal Accounting Officer and Senior Vice President

Analysts

Andy Kaplowitz - Barclays Capital, Research Division

Jamie L. Cook - Crédit Suisse AG, Research Division

Tahira Afzal - KeyBanc Capital Markets Inc., Research Division

Will Gabrielski - Lazard Capital Markets LLC, Research Division

Steven Fisher - UBS Investment Bank, Research Division

Martin W. Malloy - Johnson Rice & Company, L.L.C., Research Division

Joseph Ritchie - Goldman Sachs Group Inc., Research Division

Brian Konigsberg - Vertical Research Partners Inc.

Robert Connors - Stifel, Nicolaus & Co., Inc., Research Division

Presentation

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the McDermott International Fourth Quarter 2011 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to our host, Mr. Jay Roueche, McDermott's Treasurer and Vice President of Investor Relations. Please go ahead.

John E. Roueche

Thank you, Diana, and thanks to all who are joining this morning. We appreciate you participating with us to discuss the fourth quarter and full year of 2011, which we released yesterday through our press release and our Form 10-K filing. As usual, joining me today are Steve Johnson, McDermott's Chairman, President and Chief Executive Officer; and Perry Elders, our Senior Vice President and Chief Financial Officer.

Before I hand the call over to Steve, let me remind you that this event is being recorded and a replay will be available for a limited time on our website. In addition, some of our comments this morning will include forward-looking statements and estimates, including with regard to our view of 2012. These forward-looking comments are subject to various risks and uncertainties and they reflect management's views as of March 1, 2012. Please refer to our filings with the Securities and Exchange Commission, which are available on our website, including the recently-filed Form 10-K for the year ended December 31, 2011, and yesterday's 8-K, which provide a discussion of factors that may cause actual results to differ from management's projections, forecast, estimates and expectations.

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