NYSE$MRC
Mrc Global Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Achieved highest adjusted EBITDA margins in two years, driven by solid execution and good cost control.
MRC Global's sales were $685 million, consistent with the previous quarter and 17% higher than the same quarter last year. The company reported a net loss of ($17) million, or ($0.21) per diluted share. Adjusted EBITDA reached $39 million, or 5.7% of sales, the highest in two years.
- Sales of $685 million for the third quarter of 2021, which was consistent with the second quarter of 2021 but 17% higher than the third quarter of 2020.
- Net loss attributable to common stockholders for the third quarter of 2021 was ($17) million, or ($0.21) per diluted share, as compared to the third quarter of 2020 net loss of ($3) million, or ($0.04) per diluted share.
- U.S. business grew 2% sequentially while International segment experienced revenue declines due to delayed MRO and project activity.
- Adjusted EBITDA margins of 5.7%, the highest for our company in two years.
Headline financials
Revenue & EPS history
MRC Global · Revenue · Quarterly
$685M
Revenue by segment
MRC Global · $655M total across 2 segments · Q3 2021
- U.S. Sales$570M+23.1%87.0%
- International Sales$85M-10.5%13.0%
Forward guidance
The company expects double-digit revenue growth next year.
Tailwinds
- Growing backlog
- Increased customer activity
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 7 quarterly earnings reports
+1.5%
Avg return
Earnings day
+5.7%
Avg return
5 days after
+3.8%
Avg return
30 days after
53%
29 / 55 earnings
Positive
+43.4%
Q1 2020
Best reaction
-19.2%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | — | — | — | |
| Q2 2025 | -6.7% | -5.9% | +5.2% | |
| Q1 2025 | -6.0% | +6.6% | +4.5% | |
| Q4 2024 | +2.4% | +6.4% | -11.6% | |
| Q3 2024 | +18.4% | +11.8% | +13.6% | |
| Q2 2024 | -3.8% | -7.6% | -5.2% | |
| Q1 2024 | +9.4% | +18.8% | +8.5% | |
| Q4 2023 | +8.3% | +9.7% | +11.9% | |
| Q3 2023 | -5.3% | — | — | |
| Q2 2023 | -16.7% | — | — | |
| Q1 2023 | +0.3% | — | — | |
| Q4 2022 | -3.1% | — | — | |
| Q3 2022 | +8.0% | — | — | |
| Q2 2022 | -13.1% | — | — | |
| Q1 2022 | -19.2% | — | — | |
| Q4 2021 | +13.7% | — | — | |
| Q3 2021 | -9.3% | — | — | |
| Q2 2021 | -4.3% | — | — | |
| Q1 2021 | +5.3% | — | — | |
| Q4 2020 | -7.0% | — | — | |
| Q3 2020 | +4.0% | — | — | |
| Q2 2020 | +0.3% | — | — | |
| Q1 2020 | +43.4% | — | — | |
| Q4 2019 | -8.2% | — | — | |
| Q3 2019 | +22.0% | — | — | |
| Q2 2019 | -3.4% | — | — | |
| Q1 2019 | +7.7% | — | — | |
| Q4 2018 | +9.2% | — | — | |
| Q3 2018 | +10.0% | — | — | |
| Q2 2018 | -3.0% | — | — | |
| Q1 2018 | +2.2% | — | — | |
| Q4 2017 | -1.2% | — | — | |
| Q3 2017 | -2.7% | — | — | |
| Q2 2017 | +0.1% | — | — | |
| Q1 2017 | +4.0% | — | — | |
| Q4 2016 | -1.8% | — | — | |
| Q3 2016 | +2.0% | — | — | |
| Q2 2016 | +6.7% | — | — | |
| Q1 2016 | +1.1% | — | — | |
| Q4 2015 | +15.0% | — | — | |
| Q3 2015 | +14.6% | — | — | |
| Q2 2015 | -0.8% | — | — | |
| Q1 2015 | +14.2% | — | — | |
| Q4 2014 | -5.8% | — | — | |
| Q3 2014 | +3.7% | — | — | |
| Q2 2014 | -6.0% | — | — | |
| Q1 2014 | -0.2% | — | — | |
| Q4 2013 | -13.7% | — | — | |
| Q3 2013 | +4.7% | — | — | |
| Q2 2013 | -9.9% | — | — | |
| Q1 2013 | +6.7% | — | — | |
| Q4 2012 | -6.0% | — | — | |
| Q3 2012 | +3.1% | — | — | |
| Q2 2012 | -1.4% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q1 2012 | +1.6% | — | — | |
| Q4 2009 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro