A month has gone by since the last earnings report for MRC Global (MRC) . Shares have added about 0.1% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is MRC due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. MRC Global Q2 Earnings Top Estimates, Revenues Down Y/Y MRC ...

MRC Global Inc. (MRC) has failed to impress investors with its recent operational performance due to weakness across its businesses and high debt levels. Based in Houston, TX, MRC Global is one of the leading distributors of pipes, valves and fittings, and related products and services. The company's products are used across upstream, midstream and downstream sectors of the oil and gas industry. Its products serve industries such as exploration, production and extraction of underground oil and natural gas, ...

Did you analyze how MRC Global (MRC) fared in its international operations for the quarter ending June 2024? Given the widespread global presence of this energy products distributor, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities. In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory ...

MRC Global Inc. (MRC) reported second-quarter 2024 adjusted earnings of 31 cents per share, which beat the Zacks Consensus Estimate of 24 cents. However, the bottom line declined 19.2% year over year. Total revenues of $832 million surpassed the consensus estimate of $822 million. Yet, the top line decreased 4.5% year over year due to lower volume of sales in the Gas Utilities and Production & Transmission Infrastructure (PTI) sectors. Revenues by Product Line Based on MRC's product line, revenues from carb ...

MRC Global (MRC) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 29.17%. A quarter ago, it was expected that this energy products distributor would post earnings of $0.11 per share when it actually produced earnings of $0.20, delivering a surprise of 81.82%. Over the last four quarte ...

HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC), the leading global distributor of pipe, valves, fittings and infrastructure products and services to diversified energy, industrial and gas utilities end-markets, today announced second quarter 2024 results. Net income attributable to common stockholders for the second quarter of 2024 was $24 million, or $0.28 per diluted share, as compared to the second quarter of 2023 net income attributable to common stockholders of $18 million, or $ ...

MRC Global Inc. (MRC) has been benefiting from its diversified presence across several end markets, including upstream production, midstream pipelines, gas utilities and Downstream, Industrial and Energy Transition ("DIET"). The company has been witnessing strength in the DIET sector, driven by an increase in energy transition activities in the United States. It expects revenues from the DIET sector to increase modestly in 2024 on the back of strong level of refinery and chemical plant maintenance activitie ...

When: Wednesday, August 7, 2024, at 10:00 a.m. Eastern / 9:00 a.m. Central HOUSTON, June 18, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE:MRC) will release its second quarter 2024 results on August 6, 2024, after the market closes. How: Via phone – Dial 201-689-8261 and ask for the MRC Global call prior to the start time, or Via webcast – Visit our website http://www.mrcglobal.com in the investor relations section Headquartered in Houston, Texas, MRC Global (NYSE:MRC) is the leading global distributor of ...

In conjunction with the release, the company will host a conference call and webcast: When: Wednesday, August 7, 2024, at 10:00 a.m. Eastern / 9:00 a.m. Central About MRC Global Inc. Monica Broughton VP, Investor Relations & Treasury MRC Global Inc. Monica.Broughton@mrcglobal.com 832-308-2847 HOUSTON, June 18, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) will release its second quarter 2024 results on August 6, 2024, after the market closes. A replay of the call will be available through August 21, ...

The Zacks Consensus Estimate for MRC's 2024 earnings per share is pegged at 95 cents, down 5% over the past 60 days. It has a trailing four-quarter average earnings surprise of 40.1%. Key Picks A couple of better-ranked companies from the same space are discussed below. It has a trailing four-quarter average earnings surprise of 13%. The consensus estimate for VMI's 2024 earnings has improved 6.9% in the past 60 days. MRC Global Inc. (MRC) recently announced that its subsidiary, MRC Global (US) Inc., has se ...