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Weakness in the PTI sectors is weighing on MRC Global (MRC). Rising costs are an added concern for the company.
Review MRC's (MRC) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
HOUSTON, March 25, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) will release its first quarter 2024 results on May 8, 2024, after the market closes. In conjunction with the release, the company will host a conference call and webcast: What: MRC Global First Quarter 2024 Earnings Conference Call and Webcast When: Thursday, May 9, 2024, at 10:00 a.m.
MRC Global reports better-than-expected earnings and expects growth in 2024. The company has a diversified business model with many products and clients. Net sales growth drivers include multi-year programs with gas utility customers and gas demand from the housing market.
MRC (MRC) reported earnings 30 days ago. What's next for the stock?
MRC Global (MRC) gains from its strength in DIET end market and increased customer infrastructure activity in the Permian basin. However, weakness in gas utilities and PTI sectors remain concerns.
MRC Global Inc. (MRC) Q4 2023 Earnings Call Transcript
MRC Global has its debt under control. It's generating plenty of cash even with oil prices around $80 per barrel.
MRC Global's (MRC) fourth-quarter revenues decrease 11.6% year over year due to lower volume in the Gas Utilities and PTI sectors.
MRC Global (MRC) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.32 per share a year ago.