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.
DNOW (NYSE: DNOW) announced the future leadership team for the combined company upon completion of its pending all‑stock transaction with MRC Global (NYSE: MRC).
Key facts: the deal was agreed June 26, 2025 and is valued at approximately $1.5 billion; the transaction is on track to close in Q4 2025, having received both companies' shareholder approval but remains subject to remaining regulatory clearances and customary closing conditions. David Cherechinsky will serve as President and CEO of the combined company and Mark Johnson will be Senior VP and CFO. The leadership slate names executives responsible for North America, U.S. and international sales and operations, supply chain, legal, HR/IT, digital strategy and accounting.
MRC Global (NYSE: MRC) reported strong Q2 2025 results with sales of $798 million, up 12% from Q1 2025. The company achieved net income of $13 million ($0.15 per diluted share) and Adjusted EBITDA of $54 million (6.8% of sales). Key highlights include a gross profit margin of 18.9% and return of $15 million to shareholders through share repurchases.
Significantly, MRC announced a transformative merger agreement with DNOW Inc., expected to close in Q4 2025, creating a premier energy and industrial solutions provider. The company's performance was driven by strong growth across all sectors, with PTI sector leading at 26% growth and Gas Utilities showing 10% sequential growth. The company maintains a solid financial position with $574 million in liquidity as of June 30, 2025.
DNOW Inc. (NYSE: DNOW) reported strong Q2 2025 results and announced a major strategic merger with MRC Global. The company achieved revenue of $628 million, up 5% sequentially, with net income of $25 million ($0.23 per diluted share). EBITDA excluding other costs reached $51 million (8.1% of revenue), marking their best second-quarter EBITDA as a public company.
The highlight was the announcement of a $1.5 billion all-stock merger agreement with MRC Global, expected to close in Q4 2025. The company maintained strong financials with $232 million in cash, zero long-term debt, and total liquidity of $582 million. Management reaffirmed their full-year 2025 guidance, targeting $150 million in free cash flow.
The company continued its shareholder return program, repurchasing $19 million of common stock in Q2 2025 and $27 million year-to-date.
MRC Global (NYSE: MRC) announced it will release its second quarter 2025 financial results on Wednesday, August 6, 2025, before market opening. The company noted that due to its pending combination with DNOW Inc., it will not conduct the usual quarterly conference call or webcast to discuss the results.
DNOW (NYSE:DNOW) and MRC Global (NYSE:MRC) have announced a definitive merger agreement in an all-stock transaction valued at $1.5 billion, creating a premier energy and industrial solutions provider. MRC Global shareholders will receive 0.9489 shares of DNOW common stock for each MRC share, representing an 8.5% premium.
The combined company will have an enterprise value of $3.0 billion, with DNOW shareholders owning 56.5% and MRC Global shareholders owning 43.5%. The merger is expected to generate $70 million in annual cost synergies within three years and achieve double-digit Adjusted EPS accretion in the first year post-closing. The transaction is anticipated to close in Q4 2025.
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.
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