The company has reported revenues of $1.56 billion for the second quarter of 2009, compared to $1.79 billion for the same quarter of 2008.

McDermott International has reported a net income of $170.25 million, or $0.73 per diluted share, for the first six months of 2009, compared to $300.73 million, or $1.31 per diluted share, for the corresponding period of 2008. Year-to-date revenues were $3.06 billion, compared to $3.24 billion for the first six months of 2008.

John Fees, CEO of McDermott, said: "McDermott delivered solid results in the 2009 second quarter and produced the highest level of quarterly income since the second quarter of 2008.

"While the markets we serve lack conviction due to worldwide economic conditions, the company's bidding activity remains good, particularly in oil and gas, our liquidity improved sequentially to over $1 billion, and McDermott's backlog remains strong."

A service of YellowBrix, Inc.