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Stock impact report

MRC Global's Q3 Earnings Surpass Estimates, Revenues Down Y/Y [Yahoo! Finance]

MRC Global Inc. (MRC) 
Last mrc global inc. earnings: 4/28 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.mrcglobal.com/investor-overview
Company Research Source: Yahoo! Finance
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: See Zacks Earnings Calendar Based on MRC's product line, revenues from carbon pipe, fittings and flanges were down 27.4% year over year to $204 million. Revenues from valves, automation, measurement and instrumentation were down 6.9% year over year to $285 million. Gas product revenues increased 1.6% year over year to $194 million. Sales of general products fell 14.3% to $60 million. Sales of stainless steel, alloy pipe and fittings increased 35% to $54 million. MRC Global Inc. price-consensus-eps-surprise-chart | MRC Global Inc. Quote Effective second-quarter 2023, MRC combined its Upstream Production and Mi Show less Read more
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