MRC: Q2 Earnings Snapshot

August 8, 2022 GMT

HOUSTON (AP) _ MRC Global Inc. (MRC) on Monday reported second-quarter net income of $14 million, after reporting a loss in the same period a year earlier.

The Houston-based company said it had profit of 9 cents per share. Earnings, adjusted for non-recurring costs, were 27 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The energy products distributor posted revenue of $848 million in the period.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRC at https://www.zacks.com/ap/MRC