MRC Global's Q3 Earnings Surpass Estimates, Revenues Down Y/Y

MRC Global Inc. (MRC) reported third-quarter 2024 adjusted earnings of 22 cents per share, which beat the Zacks Consensus Estimate of 18 cents. However, the bottom line declined 31.3% year over year.Total revenues of $797 million matched the consensus estimate. The top line decreased 10.3% year over year due to lower volume of sales in the Gas Utilities, Downstream, Industrial and Energy Transition (DIET) and Production & Transmission Infrastructure (PTI) sectors.Stay up-to-date with all quarterly releases: ...