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 Inc. will present at the Stifel 2021 Virtual Cross Sector Insight Conference from June 8-10, 2021. The CEO, Rob Saltiel, is scheduled to present on June 9 at 10:40 a.m. ET. Investors can access the live webcast and replay through MRC Global's website. With a century of experience, MRC Global is the largest distributor of pipe, valves, and fittings in the energy sector, operating over 230 service locations worldwide and managing a network of over 200,000 SKUs.
MRC Global, the largest global distributor of pipe, valves, and fittings for the energy sector, reported a first-quarter sales increase of 5% sequentially to $609 million, though it remains 23% lower year-over-year. The company incurred a net loss of $9 million, or $0.11 per diluted share, compared to a net income of $3 million for the same quarter in 2020. Gas utilities saw a 4% sales rise due to market share gains, while upstream production sector sales dropped 51%. With a cash balance of $132 million and long-term debt of $382 million, MRC aims to strengthen its financial position.
MRC Global Inc. (NYSE: MRC) has appointed Rob Saltiel as the new president and CEO, effective March 15, 2021, succeeding Andrew Lane, who is retiring after over 12 years. Rhys Best, chairman of the board, expressed confidence in Saltiel’s ability to lead MRC Global's growth, citing his extensive experience in the energy sector. Saltiel emphasized the company's strengths, including its e-commerce platform and solid balance sheet. MRC Global, celebrating its 100th anniversary, is the largest distributor of pipe, valves, and fittings to the energy industry, with 230 service locations worldwide.
MRC Global Inc. (NYSE: MRC) will announce its first quarter 2021 earnings on April 27, 2021, after market close. A conference call is scheduled for April 28 at 10:00 a.m. Eastern. Investors can participate by dialing 412-902-0003 or via webcast at www.mrcglobal.com. A replay will be available until May 12, 2021.
MRC Global, a leading distributor of pipe, valves, and fittings, operates approximately 230 service locations globally and has a complex network of over 200,000 SKUs and more than 10,000 suppliers.
MRC Global Inc. reported its full year and fourth quarter 2020 results, with sales of $2,560 million for the year and $579 million for the fourth quarter, marking a 24% decrease from Q4 2019. The net loss for Q4 was $11 million, an improvement from a $30 million loss a year prior. Adjusted gross profit remained steady at 19.7%. The company achieved $261 million in cash from operations and reduced net debt by 49% to $264 million. Liquidity stands at $551 million. MRC Global also highlighted growth in gas utilities, despite overall sector declines due to the pandemic.
MRC Global Inc. (NYSE: MRC) will announce its 2020 fourth quarter and full year results on February 11, 2021, after market close. A webcast conference call is scheduled for February 12, 2021, at 10:00 a.m. Eastern / 9:00 a.m. Central. The company, a leading distributor of pipe, valves, and fittings to the energy sector, operates approximately 230 service locations globally.
A replay of the call will be available until February 26, 2021.
MRC Global Inc. reported a third quarter 2020 sales of $585 million, down 3% sequentially and 38% year-over-year, due to COVID-19 impacts and lower commodity prices. The net loss was $(3) million, equating to $(0.04) per share, contrasting with $15 million profit in Q3 2019. E-commerce revenue reached a record 48% of North America revenues. Operations generated $178 million cash, reducing debt by $150 million. Despite challenges, MRC estimates a year-end debt balance under $300 million and aims for over $220 million in cash flow.
MRC Global Inc. (NYSE: MRC) will release its third quarter 2020 results on October 28, 2020, after market close. A conference call will follow on October 29, 2020, at 10:00 a.m. Eastern to discuss the results. Interested parties can join the call by dialing 412-902-0003 or via webcast at www.mrcglobal.com. A replay will be available until November 12, 2020, using passcode 13709094#. MRC Global is the largest distributor of pipe, valves, and fittings to the energy industry, with approximately 240 service locations worldwide.
MRC Global Inc. (NYSE: MRC) reported a second quarter 2020 net loss of $287 million, marking a significant decline from a net income of $18 million in Q2 2019. Sales were $602 million, down 24% sequentially and 39% year-over-year, primarily due to COVID-19 impacts and low commodity prices. Gross profit fell to $79 million (13.1% of sales) from $174 million (17.7% of sales) a year ago. The company aims to achieve over $100 million in cost savings in 2020 and has reduced net debt by $64 million in H1 2020. A conference call is scheduled for July 29, 2020.
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