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.
MRC Global Inc. (NYSE: MRC) is set to announce its third quarter 2021 results on November 8, 2021, after market close. A conference call to discuss the earnings will take place on November 9, 2021, at 10:00 a.m. Eastern Time. Interested parties can join the call by phone or via webcast from MRC Global’s website. A replay will be available until November 23, 2021. MRC Global is a leading global distributor of pipe, valves, and fittings, serving various end-markets including gas utilities and green energy, with over 100 years of industry experience.
MRC Global Inc. reported Q2 2021 sales of $686 million, marking a 13% sequential increase and a 14% year-over-year rise. The net loss attributable to common stockholders was ($2 million), significantly improved from a net loss of ($287 million) in Q2 2020. Adjusted EBITDA reached $36 million, with cash flow from operations at $23 million. The company saw growth in the gas utilities sector, despite a 10% decline in midstream pipeline revenues. As of June 30, 2021, MRC's cash balance stood at $63 million, with long-term debt at $297 million.
MRC Global Inc. (NYSE: MRC) will release its second quarter 2021 earnings on July 29, 2021 after the market closes. A conference call will follow on July 30, 2021, at 10:00 a.m. Eastern to discuss the results. Investors can participate via phone or webcast.
MRC Global is the largest distributor of pipe, valves, and fittings to the energy sector, with over 230 service locations globally and a broad range of products and services for various industries.
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.
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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.
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