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MRC Global Inc. - $MRC STOCK NEWS

Welcome to our dedicated page for MRC Global news (Ticker: $MRC), a resource for investors and traders seeking the latest updates and insights on MRC Global stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MRC Global's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MRC Global's position in the market.

Rhea-AI Summary
MRC Global extends agreement with Shell plc. until 2028, remaining a key supplier for pipe, valves, fittings, and valve actuation services. Currently supporting Shell's Holland Hydrogen 1 and Red II Green projects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.2%
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Rhea-AI Summary
MRC Global Inc. will release its Q3 2023 results on November 7, 2023, and host an earnings conference call and webcast on November 8, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.93%
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Rhea-AI Summary
MRC Global Inc. (NYSE: MRC) announced its second quarter 2023 results, reporting a net income of $18 million, or $0.21 per diluted share, compared to $8 million, or $0.09 per diluted share in 2022. The company's gross profit was $175 million, or 20.1% of sales, a 3% improvement over the previous year. Adjusted EBITDA was $63 million, or 7.2% of sales. MRC Global also provided an updated revenue guidance for 2023, expecting lower growth in the U.S. segment due to slower sales in the Gas Utilities sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.59%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.77%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.35%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.92%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.83%
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MRC Global Inc.

NYSE:MRC

MRC Rankings

MRC Stock Data

1.17B
82.65M
2.05%
95.26%
1.47%
General Rental Centers
Real Estate and Rental and Leasing
Link
United States of America
HOUSTON

About MRC

mrc global is a leading global distributor of pipe, valve and fitting (pvf), products and services to the energy and industrial markets.