MRC Global Announces Third Quarter 2024 Results
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MRC Global Inc. reported its third quarter 2024 financial results, showing a net income of $23 million, or $0.27 per diluted share, compared to $29 million, or $0.33 per diluted share, in the same quarter of 2023.
November 05, 2024 | 9:30 pm
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NEGATIVE IMPACT
MRC Global Inc. reported a decrease in net income for Q3 2024 compared to Q3 2023, with earnings per share dropping from $0.33 to $0.27.
The decrease in net income and earnings per share from the previous year suggests a potential negative impact on MRC's stock price as investors may view the results as a sign of declining profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100