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Shares of MRC Global (NYSE:MRC) were flat in after-market trading after the company reported Q1 results.
Quarterly Results
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Earnings per share decreased 275.00% year over year to ($0.07), which beat the estimate of ($0.08).
Revenue of $609,000,000 declined by 23.30% from the same period last year, which beat the estimate of $565,670,000.
Outlook
MRC Global hasn't issued any earnings guidance for the time being.
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MRC Global hasn't issued any revenue guidance for the time being.
Price Action
52-week high: $10.00
Company's 52-week low was at $3.59
Price action over last quarter: down 0.92%
Company Overview
MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.