MRC Global reports Q4 EPS 17c, consensus 12c

Reports Q4 revenue $768M, consensus $811.22M. Rob Saltiel, MRC Global’s president and CEO, commented, “Our revenue grew for a third straight year in 2023 to $3.4 billion, and we generated $181 million of operating cash flow, resulting in our lowest net debt level ever as a public company. We maintained strong gross and adjusted EBITDA margins across all four quarters in 2023 that reflect our continued focus on capital returns and cost control.”