MRC Global Announces Update to Third Quarter 2019 Revenue Estimates and Share Repurchase Program
MRC Global Inc. (MRC)
Last mrc global inc. earnings: 4/28 04:15 pm
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US:NYSE Investor Relations:
investor.mrcglobal.com/investor-overview
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Source: PR Newswire
HOUSTON, Sept. 5, 2019 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings and related products and services to the energy industry, today provided updated revenue estimates for the third quarter of 2019. Due to continued reductions in customer spending levels and lower demand in the third quarter, primarily in the midstream and upstream sectors in the U.S. and the upstream sector in Canada, the company is lowering its revenue estimates for the third quarter of 2019. Typically, the third quarter is the company's highest revenue-generating quarter; however, this year is not following historical patterns. The company is now forecasting revenue for the third quarter of 2019 to be between $930 million and $950 million, a sequential decline from the second quarter of 2019 of 4.5% at the mid-point. Previously, the company expected revenue for the third quarter of 2019 to increase sequentially 2% to 4%. Given the lower thi
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MRC
Earnings
- 2/13/24 - Beat
MRC
Sec Filings
- 4/3/24 - Form 3
- 4/3/24 - Form ARS
- 4/3/24 - Form DEF
- MRC's page on the SEC website