MRC Global (MRC) Tops Q3 EPS by 16c, Revenues Miss; Announces $150M Share Buyback

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Go back to MRC Global (MRC) Tops Q3 EPS by 16c, Revenues Miss; Announces $150M Share Buyback

MRC Global Announces Third Quarter 2018 Results and $150 Million Share Repurchase Program

October 31, 2018 4:15 PM EDT

HOUSTON, Oct. 31, 2018 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings and related products and services to the energy industry, today announced third quarter 2018 results.

The company's sales were $1.07 billion for the third quarter of 2018, which were 12% higher than the third quarter of 2017. Net income attributable to common stockholders for the third quarter of 2018 was $18 million, or $0.20 per diluted share, compared to net loss attributable to common stockholders of $(3) million, or $(0.03) per diluted share for the third quarter of 2017.... More