MRC Global Inc.'s Sales Kept Rising but Earnings Dipped Back Into the Red

MRC Global Inc.'s Sales Kept Rising but Earnings Dipped Back Into the Red

MRC Global (NYSE: MRC) overcame the impact of two major hurricanes and weaker oil prices to post another quarter of improving revenue. However, after breaking even the last two quarters, earnings took a step back during the third quarter, though that was entirely due to the costs associated with strengthening its balance sheet. That improving financial profile positions the company to start sending cash back to investors again in the form of a newly authorized $100 million share repurchase program.

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Q3 2017

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Source: Fool.com