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Sep 30, 2023
MRC Global Q3 2023 Earnings Report
Announced third quarter 2023 results, with revenue increasing moderately compared to the second quarter, driven by the DIET sector, while achieving adjusted gross profit margins above 21% and adjusted EBITDA margins of 7.9%.
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
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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