MRC Global (MRC) Q2 Earnings Top Estimates, Revenues Down Y/Y

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 ...