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MRC GLOBAL INC. - MRC STOCK NEWS

Welcome to our dedicated news page for MRC GLOBAL (Ticker: MRC), a resource for investors and traders seeking the latest updates and insights on MRC GLOBAL.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MRC GLOBAL's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MRC GLOBAL's position in the market.

Rhea-AI Summary
MRC Global Inc. appoints Daniel Silvers to its Board of Directors following a cooperation agreement with Engine Capital. Silvers brings extensive finance and operations experience to drive growth and value creation. The Company's strong balance sheet and strategic plans aim to enhance shareholder value over time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
Tags
management
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Rhea-AI Summary
MRC Global Inc. (MRC) is set to release its first quarter 2024 results on May 8, 2024. The company will host a conference call and webcast on May 9, 2024, providing investors and analysts with an opportunity to gain insights into its performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
Tags
-
Rhea-AI Summary
MRC Global Inc. reports record profit margins and operating cash flow for 2023, setting new company records and expecting significant growth in 2024. The company targets $200 million in operating cash flow for the year and boasts a strong balance sheet with record low net debt. MRC Global's Board of Directors is diverse and highly qualified, with recent appointments enhancing industry expertise. Despite discussions with Engine Capital, the Board determined that the candidates proposed by Engine do not bring additional skills. Shareholders are advised to await the Company's definitive proxy statement for further details on the upcoming Annual Meeting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.68%
Tags
none
Rhea-AI Summary
MRC Global Inc. (MRC) welcomes David A. Hager, former Executive Chairman of Devon Energy Corporation, to its board of directors. Hager's extensive experience in the energy sector brings valuable insights to MRC Global's growth strategy, customer service, and shareholder value. His tenure at Devon Energy resulted in impressive returns for shareholders. Hager's background includes leadership roles at Kerr-McGee Corporation and Mobil Oil Corporation, with a strong focus on geophysics and business management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
Tags
management
-
Rhea-AI Summary
MRC Global Inc. reported full year and fourth quarter 2023 results with net income of $15 million for Q4 and $90 million for 2023. Adjusted net income was $20 million for Q4 and $97 million for 2023. Gross profit was $153 million for Q4 2023. Highlights include cash flow of $181 million, sales of $3,412 million, and adjusted EBITDA of $250 million for 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.49%
Tags
-
Rhea-AI Summary
MRC Global Inc. (NYSE: MRC) will release its Q4 and full year 2023 results on February 13, 2024, after market close. The company will host a conference call and webcast on February 14, 2024, at 10:00 a.m. Eastern / 9:00 a.m. Central.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
Tags
Rhea-AI Summary
MRC Global Inc. (NYSE: MRC) Announces Third Quarter 2023 Results with Net Income of $29 million and Gross Profit of $183 million, a 2% improvement in sales compared to the second quarter of 2023. Adjusted EBITDA margin is 7.9% and the company's net debt leverage ratio is at a historic low of 0.9 times.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.62%
Tags
-
Rhea-AI Summary
MRC Global Inc. serves as a key valve supplier for the Preem Lysekil Refinery biofuel project in Sweden, making it the largest producer of renewable fuels in Scandinavia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.04%
Tags
none
-
Rhea-AI Summary
MRC Global extends agreement with Shell plc. until 2028, remaining a key supplier for pipe, valves, fittings, and valve actuation services. Currently supporting Shell's Holland Hydrogen 1 and Red II Green projects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.2%
Tags
none
Rhea-AI Summary
MRC Global Inc. will release its Q3 2023 results on November 7, 2023, and host an earnings conference call and webcast on November 8, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.93%
Tags
MRC GLOBAL INC.

NYSE:MRC

MRC Rankings

MRC Stock Data

948.35M
82.65M
2.05%
95.26%
1.47%
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United States of America
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About MRC

mrc global is a leading global distributor of pipe, valve and fitting (pvf), products and services to the energy and industrial markets.