Mrc Global Inc Stock Price, News & Analysis

DNOW (NYSE:DNOW) reported third-quarter 2025 results and disclosed a definitive merger agreement to acquire MRC Global (NYSE:MRC) in an all-stock transaction valued at approximately $1.5 billion, expected to close in the fourth quarter of 2025, subject to closing conditions.

Key Q3 2025 results: Revenue $634 million; net income attributable to DNOW $25 million, or $0.23 per diluted share; non-GAAP net income $28 million, or $0.26 per diluted share; EBITDA excluding other costs $51 million (8.0% of revenue). Cash from operations was $43 million. Balance sheet: $266 million cash, $0 long-term debt, and total liquidity of approximately $629 million. DNOW forecasts 2025 as its fifth consecutive year of growth and its best full-year EBITDA as a public company.

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) reported its Q1 2025 results with sales of $712 million, showing a 7% increase from Q4 2024 but an 8% decrease year-over-year. The company achieved net income from continuing operations of $8 million, though this was down from $20 million in Q1 2024. Key metrics include operating cash flows of $21 million, gross profit margin of 19.9%, and Adjusted EBITDA of $36 million (5.1% of sales). The company's backlog reached $603 million, up 8% sequentially, with growth across all sectors. By segment, U.S. sales were $591 million (down 11% YoY) while International sales reached $121 million (up 10% YoY). The Gas Utilities sector remained strong at $273 million (38% of total sales). The company has also initiated a share buyback program in Q2 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.