MRC Global Q3 2023 Earnings Report
Key Takeaways
MRC Global reported net income attributable to common stockholders of $29 million, or $0.33 per diluted share, for the third quarter of 2023. Sales were $888 million, a 2% increase compared to the second quarter of 2023. The DIET sector's revenue growth offset declines in Gas Utilities and PTI sectors.
Sales of $888 million, a 2% improvement compared to the second quarter of 2023
Adjusted Gross Profit, as a percentage of sales, of 21.3%
Adjusted EBITDA of $70 million, or 7.9% of sales, marking the company's 6th consecutive quarter above 7%
Operating cash flow of over $100 million
MRC Global
MRC Global
MRC Global Revenue by Segment
MRC Global Revenue by Geographic Location
Forward Guidance
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act.
Revenue & Expenses
Visualization of income flow from segment revenue to net income