Brief: MRC Global Says 2022 Revenue Targeted To Be $3.3 Billion

MRC Global

07/07/2022 21:21

July 7 (Reuters) - MRC Global Inc  MRC.N :
    * REASES 2022 FULL YEAR GUIDANCE AND ANNOUNCES PRELIMINARY
SECOND
QUARTER 2022 RESULTS
    * 2022 REVENUE IS NOW TARGETED TO BE $3.3 BILLION, UP FROM
PREVIOUS GUIDANCE OF $3.1 BILLION
    * EXPECTS Q3 REVENUE WILL BE HIGHER THAN Q2 WITH A SEASONAL
DECLINE IN Q4
    * EXPECTS ITS Q2 2022 SALES TO BE UP APPROXIMATELY 14% OVER
Q1
    * 2022 ADJUSTED EBITDA IS TARGETED TO BE $230 MILLION, UP
FROM
PREVIOUS GUIDANCE OF $200 MILLION
    * FY2022 REVENUE VIEW $3.14 BILLION -- REFINITIV IBES DATA
    * Q2 REVENUE VIEW $800.9 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX1DPZ3P 
Further company coverage:  MRC.N 

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