How did MRC Global's revenue and expenses trend in Q4 2024?

**MRC Global's revenue trend in Q4 2024 was characterized by a decline**, as evidenced by a 13.5% decrease in revenue compared to the same quarter the previous year, totaling $664.00 million. This fell short of analysts' expectations, which had forecasted $726.90 million. Specifically, the company's segments experienced varying degrees of revenue reduction, with the most significant drop in the Downstream and Other Industrials sector, and the least in the Midstream sector.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|MRC|MRC.N|MRC Global|20240101-2024|Production & Transmission Infrastructure|9.43E8|169|
|MRC|MRC.N|MRC Global|20240101-2024|Production & Transmission Infrastructure|7.95E8|169|
|MRC|MRC.N|MRC Global|20240101-2024|Production & Transmission Infrastructure|5.41E8|169|
|MRC|MRC.N|MRC Global|20240101-2024|Production & Transmission Infrastructure|2.64E8|169|
|MRC|MRC.N|MRC Global|20240101-2024|Midstream|2.66E8|169|
|MRC|MRC.N|MRC Global|20240101-2024|Downstream and Other Industrials|2.76E8|169|
|MRC|MRC.N|MRC Global|20240101-2024|Production & Transmission Infrastructure|2.64E8|169|

**Expenses related to net income**: MRC Global reported a net loss of $23 million for Q4 2024, which implies that the company's expenses exceeded its revenue during the quarter. However, specific details about operating expenses for Q4 2024 are not available.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|MRC|MRC.N|MRC Global|2024 Q1|-44.11764705882353|1.9E7|169|
|MRC|MRC.N|MRC Global|2024 Q2|25|3.0E7|169|
|MRC|MRC.N|MRC Global|2024 Q3|-17.142857142857142|2.9E7|169|
|MRC|MRC.N|MRC Global|2024 Q4|-209.52380952380955|-2.3E7|169|

**Analysis of revenue factors**:
- The decline in revenue was due to reduced demand in certain sectors, such as Gas Utilities, Downstream, Industrial, and Energy Transition (DIET), as well as Production & Transmission Infrastructure (PTI).
- The weakness in the Gas Utilities sector was due to continued customer destocking and delayed project activity, while the PTI sector was affected by a decrease in rig counts in the U.S. oil fields.
- The divestiture of the Canada business to Emco, announced in December 2024, is expected to positively impact the company's adjusted gross margins and adjusted EBITDA margin. This strategic move suggests a focus on core business areas with stronger growth and profitability potential.

In summary, MRC Global's Q4 2024 financial performance showed a decline in revenue and a net loss, with specific segment performances and operational adjustments providing insights into the company's strategic direction.