MRC Global Shares Up 12% as Adjusted EPS Tops Wall Street Views [MarketWatch]
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
Company Research
Source: MarketWatch
reported quarterly adjusted earnings per share below last year but above Wall Street estimates. The stock was recently at $11.60 and is up about 5% this year. Advertisement MRC Global said Tuesday that adjusted earnings per share declined to 23 cents from 32 cents a year earlier. Analysts polled by FactSet expected 12 cents. Sales fell 12% to $768 million. The company expects 2024 revenue will be flat to modestly lower than 2023 levels. It expects "a pick-up in our business activity in the second half of the year as an improving economy and lower interest rates support projects and oil and gas investments." "Longer term, we project that MRC Global may be in a positive net cash position in 2025," which would provide "flexibility to pursue a capital allocation strategy that is focused on the highest return opportunities for our shareholders." Write to Josh Beckerman at josh.beckerman@wsj.com
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MRC
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- A Dive into MRC Global's (MRC) International Revenue Trends and Forecasts [Yahoo! Finance]Yahoo! Finance
- MRC Global Inc. (NYSE: MRC) had its price target raised by analysts at Susquehanna from $13.00 to $15.00. They now have a "positive" rating on the stock.MarketBeat
- MRC Global makes board appointment in deal with Engine Capital [Seeking Alpha]Seeking Alpha
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