earnings
confidence high
sentiment neutral
materiality 0.75
MRC Global Q3 net income $23M ($0.27 EPS); raises FY cash flow guidance to $220M+; repurchases preferred shares
MRC GLOBAL INC.
2024-Q3 EPS reported
$0.70
revenue$2,435,000,000
- Q3 sales $797M (-10% YoY); net income $23M ($0.27 diluted); adjusted net income $19M ($0.22 diluted).
- Operating cash flow $96M in Q3, $197M YTD; full-year guidance raised to $220M+ (from $200M).
- Repurchased all 6.5% convertible perpetual preferred stock for $361M plus accrued $4M; funded by new $350M TLB.
- Chairman Robert L. Wood retired; Deborah G. Adams elected as new Board Chair, effective immediately.