MRC Global Announces Q2 2024 Earnings Release Date

By Tamara Parker • Thursday, June 20 16:37 • Permanent Link

MRC Global Inc. (NYSE: MRC) has announced the schedule for the release of its second quarter 2024 results. The company will release its financial results on August 6, 2024, after the market closes. This will be followed by a conference call and webcast on Wednesday, August 7, 2024, at 10:00 a.m. Eastern / 9:00 a.m. Central.

MRC Global is a leading global distributor of pipe, valves, fittings (PVF), and other infrastructure products and services to diversified end-markets. The company has over 100 years of experience and operates 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.

In the previous quarter, MRC Global reported a revenue of $837 million, representing a 5% increase compared to the same period last year. Gross profit for the quarter was $160 million, showing a 3% increase year-over-year. The company's operating income stood at $34 million, reflecting a 7% increase from the previous year.

The upcoming release will provide insights into MRC Global's financial performance, including any changes in revenue, gross profit, and operating income compared to the previous quarter. Investors and analysts will be keen to analyze the company's progress and the impact of market dynamics on its business.

The conference call and webcast will offer an opportunity for stakeholders to gain a deeper understanding of MRC Global's second quarter results, its strategic initiatives, and the management's outlook for the future. A replay of the call will be available for those unable to participate in real-time, and an archive of the webcast will be accessible for 90 days following the event.

As MRC Global prepares to unveil its second quarter 2024 results, market observers will closely monitor the financial metrics to gauge the company's performance and trajectory in the global distribution industry. The market has reacted to these announcements by moving the company's shares -0.6% to a price of $12.26. If you want to know more, read the company's complete 8-K report here.

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