MRC posted a Q2 earnings beat and modest revenue decline, but margin pressure and DIET sector weakness weighed on results.
MRC Global (MRC) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.31 per share a year ago.
MRC (MRC) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
| - Industry | - Sector | Robert James Saltiel Jr. CEO | XSTU Exchange | US55345K1034 ISIN |
| US Country | 2,500 Employees | - Last Dividend | - Last Split | 12 Apr 2012 IPO Date |
MRC Global Inc. operates as a global distributor of pipes, valves, fittings, and other essential infrastructure products and services across the United States, Canada, and various international locations. With a product portfolio focused on meeting the stringent requirements of extreme operating conditions, such as high pressure and high or low temperatures, MRC Global ensures reliability and durability in harsh environments. Initially established in 1921 and previously known as McJunkin Red Man Holding Corporation, the company adopted its current name, MRC Global Inc., in January 2012. Its headquarters are situated in Houston, Texas, affirming its strong presence in one of the world's most vital energy hubs.