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. 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.