MRC Global Q4 Earnings & Revenues Miss Estimates, Down Y/Y

MRC Global Inc. (MRC) reported fourth-quarter 2024 adjusted loss of eight cents per share against the Zacks Consensus Estimate of earnings of eight cents per share. In the year-ago-quarter, it reported earnings of 23 cents per share.Total revenues of $664 million missed the consensus estimate of$695 million. The top line decreased 10.3% year over year due to the lower volume of sales in the Downstream, Industrial and Energy Transition (DIET) and Production & Transmission Infrastructure (PTI) sectors.Stay u ...