MRC Earnings Prediction
The chart below shows how MRC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MRC sees a +1.34% change in stock price 10 days leading up to the earnings, and a +3.29% change 10 days following the report. On the earnings day itself, the stock moves by +0.36%. This data can give you a slight idea of what to expect for the next quarter's release.
MRC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
797.00M
-10.25%
-4.21%
Gross Margin
20.08%
-0.40%
-3.97%
Operating Margin
4.64%
-28.94%
-21.22%
Net Margin
3.64%
-7.61%
0.83%
EPS
0.27
0.00%
-3.57%
No Data Available
MRC Earnings Analysis
MRC GLOBAL INC. Corporation (MRC.N) Earnings Conference Call
Positive
Third Quarter Revenue Decline: Third quarter revenue was $797 million, a 4% sequential decline, but in line with previous guidance.
Gas Utilities Revenue Increase: Gas utilities revenue improved 3% sequentially, driven by increased customer spending due to seasonal increases and normalizing buying patterns.
Operating Cash Flow Achievement: Generated $96 million in operating cash flow in the third quarter, effectively meeting our 2024 fully year target of $200 million a quarter early.
Efficient Working Capital Management: The strong cash generation for the quarter was largely due to very efficient working capital management, setting a new company record low for net working capital to sales this quarter at 14.3%.
Quarterly Revenue Growth: Third quarter revenue grew 21% year-over-year and 4% sequentially, driven by growth in both the PTI and DIET sectors.
Negative
Quarterly Revenue Decline: Third quarter revenue was $797 million, a 4% decline from last quarter and a 10% decrease compared to the same quarter last year.
Revenue Decline in PTI Sector: PTI sector revenue decreased as a result of slowing oilfield activity in our U.S. segment, partially offset by increased project activity in our International segment.
DIET Sector Decline: Our DIET sector experienced a decline due to certain project activity in the U.S. segment that concluded in the second quarter.
Declining EBITDA Margins: Adjusted EBITDA margins came in at 6% for the third quarter, lower than levels seen during the first half of the year due to lower sales and adjusted gross margins during the quarter due to project delays.
SG&A Comparison Q3 Q2: Reported SG&A for the third quarter was $123 million or 15.4% of sales as compared to $126 million or 15.1% for the second quarter.
MRC FAQs
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MRC Earning Call Sentiment
MRC Global Inc. (MRC) Q3 2024 Earnings Call Transcript
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MRC.N
1.71%Positive
The earnings call summary presents mixed signals: while the company has simplified its capital structure and expects improved cash flow, it reported a 10% YoY revenue decrease and declining EBITDA margins. The Q&A section reveals some uncertainties, particularly around inventory destocking. Despite positive steps in shareholder returns and international growth, weak domestic performance and cautious guidance contribute to a neutral outlook. Given the market cap of approximately $1 billion, significant price movement is unlikely.
