The company reported adjusted net income of $22.8 million (8 cents per share)for the second quarter of 2016, compared with $26.8 million (9 cents per share) a year ago.
The 2016 figure includes a $32.3 million impairment charge related to the cancellation of a contract for McDermott's subsea construction vessel Agile by Petrobras a year early.
The company also took a $2.5
