Welcome to our dedicated page for Mrc Global news (Ticker: MRC), a resource for investors and traders seeking the latest updates and insights on Mrc Global stock.
MRC Global Inc (NYSE: MRC) serves as a critical supplier of pipe, valve, and fitting solutions to energy and industrial markets worldwide. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and strategic initiatives.
Access real-time press releases and analysis covering quarterly earnings, product innovations, supply chain updates, and market expansion efforts. Our curated collection helps stakeholders track MRC's position in critical infrastructure sectors while monitoring industry trends affecting PVF distribution.
Key content categories include financial results, executive leadership changes, major contracts, and operational updates. All materials maintain strict compliance with financial disclosure regulations, offering reliable information for informed decision-making.
Bookmark this page for streamlined access to MRC's latest corporate communications. Combine regular monitoring with our historical archive to identify long-term performance patterns and strategic direction in the energy infrastructure sector.
MRC Global (NYSE: MRC) has scheduled its first quarter 2025 earnings release for May 6, 2025, after market close. The company will host a conference call and webcast on May 7, 2025, at 10:00 a.m. Eastern / 9:00 a.m. Central.
Interested parties can access the earnings call by dialing 201-689-8261 or via webcast through the investor relations section of MRC Global's website. A replay will be available until May 21, 2025, by dialing 201-612-7415 with passcode 13751572#, and the webcast recording will be accessible on the company website for 90 days.
MRC Global (NYSE: MRC) has reported preliminary Q1 2025 results with revenue reaching $710 million, marking a 7% sequential increase. The company achieved net income of approximately $7 million and Adjusted EBITDA of $35 million (4.9% of sales).
The US segment led growth with notable increases across sectors: 13% in DIET (downstream, industrial and energy transition), 8% in Gas Utilities, and 6% in PTI (production and transmission infrastructure). The company's US backlog has grown by over 20% since the start of 2025.
Management anticipates high-single to low-double digit percentage increase in sequential sales for Q2 2025. The company also plans to initiate its $125 million share repurchase program in Q2, taking advantage of recent share price volatility.
MRC Global (NYSE: MRC) has announced a strategic joint venture with Frisbie Measurement Services (FMS) to form IMTEC Services, a provider of integrated smart meter technical services for the gas utilities sector. The venture, which is seeking certification as a woman-owned business, will operate from MRC Global's La Porte, Texas Operations Complex.
IMTEC Services will function as a centralized meter center, integrating meter and electronic meter reading capabilities while focusing on quality and safety. The joint venture aims to provide customers with shorter lead times, enhanced market disruption resilience, and regulatory compliance. Additionally, it will offer 100% Tier II diverse supplier classification for all meter spending, meeting state public utility commission requirements.
MRC Global (NYSE: MRC) has reported its full year and fourth quarter 2024 results. For full year 2024, the company achieved:
- Sales of $3,011 million
- Net income from continuing operations of $78 million
- Operating cash flows of $268 million (highest since 2015)
- Adjusted EBITDA of $202 million (6.7% of sales)
Fourth quarter 2024 showed mixed results with:
- Sales of $664 million (10% lower than Q4 2023)
- Net loss from continuing operations of ($1) million
- Operating cash flows of $73 million
- Adjusted EBITDA of $32 million (4.8% of sales)
The company expects 2025 revenue growth in low to high-single digits, targeting $100 million in operating cash flow and a 1.5x net debt leverage ratio. A new $125 million share buyback program was announced alongside a new IMTEC joint venture for smart meter development.
MRC Global (NYSE: MRC) has announced key upcoming dates for investors. The company will release its Q4 and full-year 2024 financial results on March 14, 2025, before market opening, followed by a conference call to discuss the results. A replay of the call will be available until March 28, 2025, accessible via phone (201-612-7415, passcode 13752336#).
Additionally, the company has scheduled its 2025 Annual Meeting of Stockholders as a virtual event for Thursday, May 29, 2025, at 10:00 a.m. Further details about the annual meeting will be provided in the upcoming proxy statement.
MRC Global (NYSE: MRC) has announced a delay in filing its 2024 Form 10-K, now expected to be submitted to the SEC by March 18, 2025. The company will file a Form 12b-25 for the extended filing period.
The delay is attributed to additional time needed to complete year-end procedures, specifically related to inventory counts and physical inventory procedures. While all required physical inventory counts have been completed, the company needs more time to finalize the analysis and incorporate results into financial statements.
Based on current progress, MRC Global does not anticipate any material net inventory adjustment for 2024 results or restatement of prior periods. The company will separately announce the timing of its fourth quarter and full year 2024 earnings release and conference call.
MRC Global (NYSE: MRC) has announced the postponement of its Q4 and full-year 2024 financial results release and conference call, which were originally scheduled for February 11 and 12, 2025. The delay is attributed to the need for additional time to complete year-end audit procedures, specifically focusing on inventory cycle counts and physical inventory procedures. The company anticipates filing its Form 10-K for the year ended December 31, 2024, by March 3, 2025.
MRC Global (NYSE: MRC) has announced a new $125 million share repurchase program authorized by its Board of Directors, effective until January 2, 2028. The company can execute the program through various means including open market transactions, block purchases, and privately negotiated transactions, in compliance with federal securities laws.
CEO Rob Saltiel emphasized that this decision reflects confidence in the company's future and improved financial flexibility due to recent balance sheet strengthening. The company's capital allocation strategy focuses on maintaining a net debt leverage ratio below 1.5x, returning cash to shareholders, and investing in growth. The repurchase program is expected to commence in Q2, with timing and execution details to be determined based on market conditions and other factors.
MRC Global (NYSE: MRC) has announced it will release its fourth quarter and full year 2024 financial results on February 11, 2025, after market close. The company will host a conference call and webcast on February 12, 2025, at 10:00 a.m. Eastern / 9:00 a.m. Central time. Investors can access the call by dialing 201-689-8261 or via webcast through the company's website. A replay will be available until February 26, 2025, by dialing 201-612-7415 with passcode 13746018#, and the webcast will be archived on the company's website for 90 days.
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