MRC Global (MRC) Tops Q1 EPS by 2c

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MRC Global Announces First Quarter 2022 Results and Raises Guidance

May 9, 2022 4:15 PM EDT

HOUSTON, May 09, 2022 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC), the leading global distributor of pipe, valves, fittings and infrastructure products and services to diversified energy, industrial and gas utilities' end-markets, today announced first quarter 2022 results.

Net income attributable to common stockholders for the first quarter of 2022 was $10 million, or $0.12 per diluted share, as compared to the first quarter of 2021 net loss of ($9) million, or ($0.11) per diluted share. Adjusted net income attributable to common stockholders for the first quarter of 2022 was $15 million, or $0.17 per diluted share, as compared to the first quarter of... More