MRC Global Announces Third Quarter 2018 Results and $150 Million Share Repurchase Program
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MRC Global (MRC) Tops Q3 EPS by 16c, Revenues Miss; Announces $150M Share Buyback
October 31, 2018 4:35 PM EDTMRC Global (NYSE: MRC) reported Q3 EPS of $0.41, $0.16 better than the analyst estimate of $0.25. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.12 billion.
Andrew R. Lane, MRC Global's president and chief executive officer stated, "I am very pleased with the quarterly results. This is the third quarter in a row where the Company delivered over $1 billion in sales and increasing amounts of adjusted EBITDA as increased customer base spending plays out as expected in the second year of... More
