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McDermott International's CEO Discusses Q2 2012 Results - Earnings Call Transcript

McDermott International, Inc. (MDR)

Q2 2012 Earnings Call

August 7, 2012 10:00 am ET


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


Scott J. Levine – JP Morgan Chase & Co.

Andrew Kaplowitz – Barclays Capital plc

Jamie Cook – Credit Suisse Group

Joseph Ritchie – Goldman Sachs

William Gabrielski – Lazard Capital Markets LLC.

Brian Konigsberg – Vertical Research Partners LLC

Robert F. Norfleet – BB&T Capital Markets

Tahira Afzal – KeyBanc Capital Markets

Robert Connors – Stifel Nicolaus & Co., Inc.,


John E. Roueche

Good morning everyone. We appreciate you joining us today as we discuss our results from the second quarter of 2012, which were released through our press release and in our Form 10-Q last night.

Joining me on the call this morning are Steve Johnson, McDermott’s Chairman, President and Chief Executive Officer; and Perry Elders, our Senior Vice President and Chief Financial Officer. Before turning 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.

Additionally our comments will include forward-looking statements and estimates. And these forward-looking statements are subject to various risks and uncertainties, and reflect management’s views as of August 7, 2012. Please refer to our filings with the Securities and Exchange Commission, which are available on our website, including our Form 10-K for the year ended December 31, 2011, as well as yesterday’s 10-Q, which together provide a discussion of factors that may cause actual results to differ from management’s projections, forecasts, estimates and expectations. And please note that, except to the extent required by applicable law, McDermott undertakes no obligation to update any forward-looking statement.

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