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.
This page provides a historical news archive for MRC Global Inc. (former NYSE: MRC), a Houston, Texas-based distributor of pipe, valves, fittings (PVF) and other infrastructure products and services. The company’s releases describe a focus on diversified end-markets, including gas utilities, downstream, industrial and energy transition (DIET), and production and transmission infrastructure (PTI) sectors.
News items for MRC Global cover several recurring themes. Earnings releases detail quarterly performance from continuing operations, including sales trends by segment (U.S. and International) and by sector (Gas Utilities, DIET and PTI). These reports often explain how factors such as upstream and midstream activity, project timing, capital budgets and ERP system implementations affected revenues, margins, backlog and cash flow.
Another major category of news relates to strategic transactions. On June 26, 2025, DNOW Inc. and MRC Global announced a definitive merger agreement under which DNOW would acquire MRC Global in an all-stock transaction valued at approximately $1.5 billion, inclusive of MRC Global’s net debt. Subsequent releases and SEC-related communications describe shareholder approvals, regulatory milestones and expectations for closing. Later, a Form 8-K dated November 6, 2025, confirms completion of the acquisition and the conversion of MRC Global shares into DNOW shares.
Investors and researchers using this news archive can review how MRC Global communicated about its sector mix, backlog developments, share repurchase program, sale of its Canada business, and the operational impact of its U.S. enterprise resource planning (ERP) system implementation. Because MRC Global has since been acquired and delisted, these articles serve as a record of the company’s final periods as an independent public distributor in the energy and industrial supply chain.
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MRC Global Inc. (NYSE: MRC) announced that it is involved in a lawsuit filed by Mario Investments LLC, linked to Cornell Capital LLC, aiming to halt the company’s refinancing of its senior secured Term Loan B. MRC Global disputes the claims made in the lawsuit, asserting Cornell Capital lacks consent rights for this refinancing. Despite the legal dispute, the company plans to continue with a refinancing effort for its $295 million Term Loan B, which does not mature until September 2024. MRC Global reports a total liquidity of $638 million and anticipates generating $120 million in operational cash during 2023. The refinancing aims to take advantage of favorable market conditions.
MRC Global (NYSE: MRC), a top distributor of pipe, valves, and fittings, announced plans to amend and refinance its $295 million senior secured Term Loan B, maturing September 2024. The refinancing aims to extend the loan for five years and increase its amount to $300 million. Proceeds will refinance the existing loan and fund general corporate needs. Preliminary Q1 2023 financials show revenues at approximately $885 million, with a net income of $33 million and adjusted EBITDA around $69 million (7.8% of sales). Gross profit reached $179 million (20.2% of sales), indicating strong operational performance. The company forecasts 2023 cash flow from operations to exceed $120 million, enhancing confidence in its outlook. Full Q1 results will be released on May 8, 2023.
MRC Global Inc. (NYSE: MRC) is set to release its first quarter 2023 financial results on May 8, 2023, after market close. The company will host an earnings conference call and webcast on May 9, 2023, at 10:00 a.m. Eastern. Interested parties can access the call via phone or through the company's website. A replay will be available until May 23, 2023. MRC Global specializes in distributing pipe, valves, and fittings (PVF) across various sectors including energy and industrial. With over 100 years in the field, it operates 212 locations and offers 250,000 SKUs to approximately 10,000 customers.
MRC Global Inc. reported strong financial results for the fourth quarter and full year 2022, with a net income of $15 million, or $0.18 per diluted share, compared to a loss in Q4 2021. Full year net income reached $51 million, or $0.60 per diluted share, showing significant improvement over 2021's loss. Sales for 2022 totaled $3.36 billion, a 26% increase, driven by double-digit growth in all sectors. The fourth quarter saw $869 million in sales, up 27% year-over-year. Adjusted EBITDA was $66 million for Q4. The company also increased its 2023 guidance for cash flow from operations to exceed $120 million. MRC retains a positive outlook for continued growth.
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