MRC Global (MRC) Q1 Earnings & Revenues Top Estimates, Down Y/Y

MRC Global Inc. (MRC) reported first-quarter 2024 adjusted earnings of 20 cents per share, which beat the Zacks Consensus Estimate of 11 cents. However, the bottom line declined 37.5% year over year.Total revenues of $806 million surpassed the consensus estimate of $752 million. Yet, the top line decreased 8.9% year over year due to lower volume of sales in the Gas Utilities and Production & Transmission Infrastructure (PTI) sectors.Revenues by Product LineBased on MRC’s product line, revenues from carbon p ...