MRC Global Shares Lose Ground on 4Q Misses

Dow Jones

03-14

MRC Global0.00%盘后

By Adriano Marchese

MRC Global shares fell in premarket trading Friday after the company reported a fourth-quarter loss and lower revenue, missing expectations.

Shares traded 7.3% lower ahead of the bell at $10.30.

The infrastructure-products-and-services company reported a decline in sales to $664 million, down from $740 million, missing analyst expectations of a modest decline to $726.9 million, according to FactSet.

The decline was driven by the downstream, industrial and energy transition sector followed by the production and transmission infrastructure sector, the Houston-based company said.

Adjusted loss was 8 cents, missing expectations of a profit of 8 cents.

Net loss was $34 million, down from a profit of $15 million a year earlier.

Looking ahead, Chief Executive Rob Saltiel said the company is optimistic about the business outlook in 2025 due to its rebounding gas-utilities business and better pricing models that include inflation controls.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 14, 2025 08:46 ET (12:46 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4104","symbol_name":"贸易公司与经销商","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2519809100","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2519809100","pubTimestamp":1741956360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"MRC Global shares fell in premarket trading Friday after the company reported a fourth-quarter loss and lower revenue, missing expectations.Shares traded 7.3% lower ahead of the bell at $10.30.The infrastructure-products-and-services company reported a decline in sales to $664 million, down from $740 million, missing analyst expectations of a modest decline to $726.9 million, according to FactSet.The decline was driven by the downstream, industrial and energy transition sector followed by the production and transmission infrastructure sector, the Houston-based company said.Adjusted loss was 8 cents, missing expectations of a profit of 8 cents.Net loss was $34 million, down from a profit of $15 million a year earlier.Looking ahead, Chief Executive Rob Saltiel said the company is optimistic about the business outlook in 2025 due to its rebounding gas-utilities business and better pricing models that include inflation controls.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4104":"贸易公司与经销商","MRC":"MRC Global"},"translate_title":"MRC Global股价因第四季度失误而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MRC":1},"content_text":"By Adriano Marchese \n\n\n \n\n\nMRC Global shares fell in premarket trading Friday after the company reported a fourth-quarter loss and lower revenue, missing expectations. \n\n\n  Shares traded 7.3% lower ahead of the bell at $10.30. \n\n\n  The infrastructure-products-and-services company reported a decline in sales to $664 million, down from $740 million, missing analyst expectations of a modest decline to $726.9 million, according to FactSet. \n\n\n  The decline was driven by the downstream, industrial and energy transition sector followed by the production and transmission infrastructure sector, the Houston-based company said. \n\n\n  Adjusted loss was 8 cents, missing expectations of a profit of 8 cents. \n\n\n  Net loss was $34 million, down from a profit of $15 million a year earlier. \n\n\n  Looking ahead, Chief Executive Rob Saltiel said the company is optimistic about the business outlook in 2025 due to its rebounding gas-utilities business and better pricing models that include inflation controls. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 14, 2025 08:46 ET (12:46 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}

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