MRC Global Q3 2020 Earnings Report
Key Takeaways
MRC Global reported sales of $585 million, a 3% sequential decline. Net loss attributable to common shareholders was $(3) million, or $(0.04) per diluted share. The company focused on managing costs, generating cash, and reducing debt, exceeding initial goals for cash flow from operations and net debt reduction.
Sales were $585 million, a 3% sequential decline and 38% lower than Q3 2019.
Net loss attributable to common shareholders was $(3) million, or $(0.04) per diluted share.
Adjusted EBITDA was $24 million.
Cash flow from operations was $94 million for the quarter and $178 million year-to-date.
MRC Global
MRC Global
MRC Global Revenue by Segment
MRC Global Revenue by Geographic Location
Forward Guidance
MRC Global expects to generate cash flow from operations greater than $220 million and end the year with a net debt balance less than $300 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income