MRC Global Inc. (NYSE: MRC) has announced that it will be releasing its first quarter 2024 results on May 8, 2024, after the market closes. The company has scheduled a conference call and webcast for Thursday, May 9, 2024, at 10:00 a.m. Eastern / 9:00 a.m. Central.
In the previous quarter, MRC Global reported quarterly sales of $783 million, a decrease of 8% from the prior year. Gross profit was $156 million, a decrease of 9% from the prior year. Operating income was $21 million, a decrease of 39% from the prior year. The adjusted EBITDA was $47 million, a decrease of 17% from the prior year.
MRC Global Inc., headquartered in Houston, Texas, is the leading global distributor of pipe, valves, fittings (PVF), and other infrastructure products and services to diversified end-markets. With over 100 years of experience, the company has provided customers with innovative supply chain solutions, technical product expertise, and a robust digital platform from a worldwide network of 214 locations including valve and engineering centers. MRC Global's quality assurance program offers over 300,000 SKUs from over 8,500 suppliers, simplifying the supply chain for approximately 10,000 customers.
Investors and stakeholders can access the conference call via phone by dialing 201-689-8261 and asking for the MRC Global call prior to the start time, or through the webcast by visiting the company's website in the investor relations section. A replay of the call will be available through May 23, 2024, and an archive of the webcast will be available shortly after the call at www.mrcglobal.com for 90 days. The market has reacted to these announcements by moving the company's shares -0.3% to a price of $12.55. For the full picture, make sure to review MRC Global's 8-K report.
