MRC Global Reports Q3 Preliminary Revenue Of $797M (Est $806.22M)
Portfolio Pulse from Benzinga Newsdesk
MRC Global reported preliminary Q3 revenue of $797 million, slightly below the estimated $806.22 million. The company expects an Adjusted EBITDA of $48 million, representing 6.0% of sales, and cash flow from operations of approximately $95 million.
October 15, 2024 | 11:24 am
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MRC Global's Q3 preliminary revenue of $797M missed the estimate of $806.22M. The company projects an Adjusted EBITDA of $48M and cash flow from operations of $95M.
MRC Global's revenue came in below expectations, which could negatively impact investor sentiment and the stock price in the short term. However, the company's strong cash flow from operations may provide some support.
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