MRC Global (MRC) Misses Q2 EPS by 5c, Revenues Beats

MRC Global (NYSE: MRC) reported Q2 EPS of $0.17, $0.05 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $1.07 billion.

Andrew R. Lane, MRC Global's president and chief executive officer stated, "Our second quarter results demonstrate solid execution in a positive oil and gas macroeconomic environment. Revenue was $1.08 billion in the second quarter resulting in 17% growth over the same quarter last year. Adjusted EBITDA of $78 million was 7.2% of sales in the second quarter due to growth in all our end‑market sectors, an improved gross profit percentage and disciplined cost control. We remain positive on the balance of 2018 as our customers continue to maintain their spending plans in our three end-markets."

For earnings history and earnings-related data on MRC Global (MRC) click here.

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