The energy engineering contractor reported a $15.8 billion quarter-end backlog.
This archive article is dated to the original source announcement.
McDermott reported revenue of $2.3 billion and net income of $41 million for the quarter ended June 30. Its August 19 announcement included adjusted EBITDA of $143 million and a quarter-end backlog of $15.8 billion.
Operating activities used $76 million in cash. Adjusted EBITDA is the company’s adjusted performance measure and differs from net income. This report covers second-quarter results and is separate from September’s announcement completing the refinancing transaction.
The central bank opened a consultation on how its RITS settlement service could support tokenised assets and private money, while saying a retail CBDC lacks a clear public-interest case.
The Financial Policy Committee maintained the countercyclical capital buffer at 2% and highlighted linked market risks.
The Bank of Japan voted 7–2 to raise its money-market operating target to around 1.25%, effective 24 September, and changed rates on two standing facilities.
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