NYSE$MRC
Mrc Global Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Announced third quarter 2023 results, with revenue increasing moderately compared to the second quarter, driven by the DIET sector, while achieving adjusted gross profit margins above 21% and adjusted EBITDA margins of 7.9%.
MRC Global reported net income attributable to common stockholders of $29 million, or $0.33 per diluted share, for the third quarter of 2023. Sales were $888 million, a 2% increase compared to the second quarter of 2023. The DIET sector's revenue growth offset declines in Gas Utilities and PTI sectors.
- Sales of $888 million, a 2% improvement compared to the second quarter of 2023
- Adjusted Gross Profit, as a percentage of sales, of 21.3%
- Adjusted EBITDA of $70 million, or 7.9% of sales, marking the company's 6th consecutive quarter above 7%
- Operating cash flow of over $100 million
Headline financials
Revenue & EPS history
MRC Global · Revenue · Quarterly
$888M
Revenue by segment
MRC Global · $850M total across 2 segments · Q3 2023
- U.S. Sales$745M-3.0%87.6%
- International Sales$105M+6.1%12.4%
Forward guidance
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act.
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 | — | — | — |
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