MRC Global Turns To Profit In Q4 - Quick Facts

(RTTNews) - MRC Global Inc. (MRC) reported fourth-quarter net income of $23.3 million, or $0.23 per share, compared to a net loss of $6.4 million, or $0.06 per share, last year. Adjusted earnings per share for the fourth quarter of 2013 was $0.32.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.41 for the quarter. Analysts' estimates typically exclude special items.

Sales increased 3% to $1.34 billion, from $1.31 billion, prior year. Analysts expected revenue of $1.32 billion for the quarter.

MRC Global expects full year 2014 sales, excluding the impact of any future acquisitions, in the range of $5.5 billion to $5.8 billion. Analysts expect the company to report full year 2014 revenues of $5.7 billion.