MRC Global (MRC) Misses Q4 EPS by 41c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus, FY20 Revenue Mid-Point Guidance Below Consensus

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Go back to MRC Global (MRC) Misses Q4 EPS by 41c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus, FY20 Revenue Mid-Point Guidance Below Consensus

MRC Global Announces Fourth Quarter and Full Year 2019 Results

February 13, 2020 4:15 PM EST

HOUSTON, Feb. 13, 2020 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings and other infrastructure products and services to the energy industry, today announced fourth quarter and full year 2019 results.

The company's sales were $766 million for the fourth quarter of 2019, which was 19% lower than the third quarter of 2019 and 24% lower than the fourth quarter of 2018. Sales declined both sequentially and as compared to the fourth quarter of 2018 across all segments and end-markets.

Net loss attributable to common stockholders for the... More