| MRC Global Inc. (MRC) Q1 2025 Earnings Call Transcript |
MRC Global Inc. (NYSE:MRC ) Q1 2025 Earnings Conference Call May 7, 2025 10:00 AM ET Company Participants Monica Broughton - Vice President, Investor Relations & Treasury Rob Saltiel - President & Chief Executive Officer Kelly Youngblood - Executive Vice President & Chief Financial Officer Conference Call Participants Adam Farley - Stifel Chuck Minervino - Susquehanna Financial Group Chris Dankert - Loop Capital Markets Blake McLean - Daniel Energy Partners Operator Greetings, and welcome to MRC Global's First Quarter 2025 Earnings Conference Call. At this time, all participants are on a listen-only mode. |
seekingalpha.com |
2025-05-07 19:07:18 |
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| MRC Global Q1 Earnings & Revenues Beat Estimates, Decrease Y/Y |
MRC's first-quarter revenues decrease 8% year over year due to lower volume in the DIET and PTI sectors. |
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2025-05-07 16:45:34 |
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| MRC Global (MRC) Tops Q1 Earnings and Revenue Estimates |
MRC Global (MRC) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.20 per share a year ago. |
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2025-05-06 23:20:31 |
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| MRC Global Announces First Quarter 2025 Results |
HOUSTON, May 06, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) today announced first quarter 2025 results from continuing operations. First Quarter 2025 Financial Highlights: Operating cash flows provided by continuing operations of $21 million Sales of $712 million, a 7% increase compared to the fourth quarter of 2024 Gross profit, as a percentage of sales, of 19.9% Adjusted Gross Profit, as a percentage of sales, of 21.5% Net income from continuing operations of $8 million Adjusted EBITDA of $36 million, or 5.1% of sales Net working capital, as a percentage of sales, of 11.7% Net debt leverage ratio of 1.7 times First quarter backlog of $603 million, an 8% sequential improvement Rob Saltiel, MRC Global's President and CEO stated, “First quarter results were strong across all of our key metrics, consistent with our recent press release. |
globenewswire.com |
2025-05-06 20:15:00 |
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| Earnings Preview: MRC Global (MRC) Q1 Earnings Expected to Decline |
MRC (MRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
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2025-04-29 15:07:15 |
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| MRC Global Announces First Quarter 2025 Earnings Release, Conference Call and Webcast Schedule |
HOUSTON, April 22, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) will release its first quarter 2025 results on May 6, 2025, after the market closes. In conjunction with the release, the company will host a conference call and webcast: What: MRC Global First Quarter 2025 Earnings Conference Call and Webcast When: Wednesday, May 7, 2025, at 10:00 a.m. |
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2025-04-22 10:30:00 |
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| 5 Value Stocks With Enticing EV-to-EBITDA Ratios to Own Now |
We have screened value stocks SMP, PRAA, MRC, ROCK and EIX based on the EV-to-EBITDA ratio, which gives the true picture of valuation and earnings potential. |
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2025-04-17 11:51:09 |
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| MRC Global Announces Preliminary First Quarter 2025 Results |
HOUSTON, April 16, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) today announced selected preliminary first quarter 2025 results from continuing operations. Preliminary First Quarter 2025 Financial Highlights: Revenue of approximately $710 million, a 7% sequential increase Net income from continuing operations of approximately $7 million Adjusted EBITDA of approximately $35 million, or 4.9% of sales Gross Profit of approximately $142 million, or 20.0% of sales Adjusted Gross Profit of approximately $153 million, or 21.5% of sales Cash flow provided by continuing operations of approximately $20 million Rob Saltiel, MRC Global's President and CEO stated, “I am very pleased with our strong start to the year, with activity levels and margins exceeding expectations. |
globenewswire.com |
2025-04-16 21:20:00 |
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| Wall Street Analysts See a 39.85% Upside in MRC (MRC): Can the Stock Really Move This High? |
The average of price targets set by Wall Street analysts indicates a potential upside of 39.9% in MRC (MRC). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock. |
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2025-04-02 15:00:56 |
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| MRC (MRC) is an Incredible Growth Stock: 3 Reasons Why |
MRC (MRC) could produce exceptional returns because of its solid growth attributes. |
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2025-03-18 15:46:05 |
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| 5 Value Stocks With Exciting EV-to-EBITDA Ratios to Scoop Up |
We have screened value stocks OPFI, NUS, BJRI, MRC and KT based on the EV-to-EBITDA ratio, which gives the true picture of valuation and earnings potential. |
zacks.com |
2025-03-18 09:15:20 |
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| MRC Global Q4 Earnings & Revenues Miss Estimates, Down Y/Y |
MRC's fourth-quarter revenues decrease 10% year over year due to lower volume in the DIET and PTI sectors. |
zacks.com |
2025-03-17 14:05:33 |
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| MRC Global Announces Joint Venture with Frisbie Measurement Services to Provide Integrated Meter Technical Services |
HOUSTON, March 14, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) announced that it has entered into a joint venture with Frisbie Measurement Services, LLC (FMS) forming IMTEC Services, a provider of integrated smart meter technical services to the gas utilities sector. IMTEC Services is applying for its certification as a woman-owned business with the Women's Business Enterprise National Council (WBENC). |
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2025-03-14 13:00:00 |
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| MRC Global Reports Full Year and Fourth Quarter 2024 Results |
HOUSTON, March 14, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) today reported full year and fourth quarter 2024 results. Full Year 2024 Financial Highlights: ● Operating cash flows from continuing operations of $268 million, highest since 2015 ● Sales of $3,011 million ● Net income from continuing operations of $78 million ● Adjusted EBITDA of $202 million, 6.7% of sales ● Gross profit, as a percentage of sales, of 20.6% ● Adjusted Gross Profit, as a percentage of sales, of 21.9% and the third consecutive year above 21% ● Net Debt of $324 million, a 1.6x net debt leverage ratio Fourth Quarter 2024 Financial Highlights: ● Operating cash flows from continuing operations of $73 million ● Sales of $664 million ● Net loss from continuing operations of ($1) million ● Adjusted EBITDA of $32 million, or 4.8% of sales ● Gross profit, as a percentage of sales, of 20.3% ● Adjusted Gross Profit, as a percentage of sales, of 22.0% ● Working capital, as a percentage of sales, of 11.2%, a record low for the company Rob Saltiel, MRC Global's President and Chief Executive Officer, commented, “We are optimistic about our business outlook for 2025 due to the rebound of our gas utilities business, the return of inflation to our product pricing, the growth of U.S. natural gas infrastructure investment and our penetration into chemicals, mining and data center markets. |
globenewswire.com |
2025-03-14 08:30:00 |
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| Is MRC Global (MRC) a Great Value Stock Right Now? |
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. |
zacks.com |
2025-03-13 12:40:34 |
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| MRC Global Announces Fourth Quarter and Full Year 2024 Earnings Release, Conference Call and Webcast Dates |
HOUSTON, March 12, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) will release its financial results for the fourth quarter and full year 2024 on March 14, 2025, before the market opens. The company will also host its conference call to discuss these financial results. |
globenewswire.com |
2025-03-12 12:50:00 |
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| MRC Global Provides Update on Timing of Earnings Release and Filing of Form 10-K |
HOUSTON, March 03, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) expects to file its 2024 Form 10-K with the Securities and Exchange Commission on or before March 18, 2025. Today, the company will file a Form 12b-25 (Notification of Late Filing) to allow for the extended filing date. Additionally, MRC Global plans to issue a separate press release providing the timing and details of its fourth quarter and full year 2024 earnings release and conference call. |
globenewswire.com |
2025-03-03 08:30:00 |
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| Should Value Investors Buy MRC Global (MRC) Stock? |
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. |
zacks.com |
2025-02-25 12:40:44 |
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| Bears are Losing Control Over MRC (MRC), Here's Why It's a 'Buy' Now |
MRC (MRC) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term. |
zacks.com |
2025-02-21 12:55:27 |
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| Securities Fraud Investigation Into MRC Global Inc. (MRC) Announced – Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm |
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of MRC Global Inc. (“MRC” or the “Company”) (NYSE: MRC) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON MRC GLOBAL INC. (MRC), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On February 5, 2025, af. |
businesswire.com |
2025-02-13 14:00:00 |
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| MRC Global Inc. (MRC) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation |
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of MRC Global Inc. (“MRC” or the “Company”) (NYSE: MRC) investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN MRC GLOBAL INC. (MRC), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsm. |
businesswire.com |
2025-02-12 20:35:00 |
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| Securities Fraud Investigation Into MRC Global Inc. (MRC) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz |
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of MRC Global Inc. (“MRC” or the “Company”) (NYSE: MRC) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON MRC GLOBAL INC. (MRC), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On February 5, 2025, after market hours, MRC announced that it had postponed the. |
businesswire.com |
2025-02-12 20:08:00 |
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| 5 Value Stocks With Exciting EV-to-EBITDA Ratios to Snap Up Now |
We have screened value stocks ENS, MRC, KT, BIP and JKS based on the EV-to-EBITDA ratio, which gives the true picture of valuation and earnings potential. |
zacks.com |
2025-02-12 10:11:15 |
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| Best Value Stocks to Buy for February 12th |
MRC made it to the Zacks Rank #1 (Strong Buy) value stocks list on February 12, 2025. |
zacks.com |
2025-02-12 08:46:07 |
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| MRC Global Postpones Earnings Release, Conference Call and Webcast |
HOUSTON, Feb. 05, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) announced that it has postponed the release of its financial results and conference call related to the fourth quarter and full year 2024, which had previously been scheduled for February 11, 2025, and February 12, 2025, respectively. The company will reschedule both events at a later date. |
globenewswire.com |
2025-02-05 21:00:00 |
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| Is the Options Market Predicting a Spike in MRC Global (MRC) Stock? |
Investors need to pay close attention to MRC Global (MRC) stock based on the movements in the options market lately. |
zacks.com |
2025-02-03 11:45:44 |
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| Here's Why You Should Retain MRC Global Stock in Your Portfolio |
MRC gains from its solid momentum in the DIET sector. However, softness in the Gas Utilities and PTI sectors remains concerning. |
zacks.com |
2025-01-17 13:06:10 |
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| MRC Global Authorizes $125M Worth of Share Buyback Program |
MRC rewards shareholders with a share buyback program worth $125 million. |
zacks.com |
2025-01-06 12:21:11 |
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| MRC Global Announces $125 Million Share Repurchase Program |
HOUSTON, Jan. 03, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) announced today that its Board of Directors authorized a new $125 million share repurchase program, which expires on January 2, 2028. Under the repurchase program, the Company may purchase its outstanding common shares through various means, including open market transactions, block purchases, privately negotiated transactions or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. |
globenewswire.com |
2025-01-03 08:30:00 |
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| 3 Best Industrials Sector Picks for Long-Term Investors in 2025 |
The industrials sector has been in a period of contraction for most of 2023 and 2024, with sharply mixed performance among different companies during that time. Some firms have thrived, like power management giant Eaton Corp. plc NYSE: ETN, with its nearly 50% returns in the year leading to December 13, 2024. |
marketbeat.com |
2024-12-19 10:30:18 |
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| MRC Global Announces Divestiture of Canada Business to Emco |
MRC inks a deal to sell its Canada business to Emco to focus on the core businesses while supporting capital allocation priorities. |
zacks.com |
2024-12-18 14:15:25 |
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| MRC Global Announces Sale of Canada Business |
HOUSTON, Dec. 16, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC), announced today that its subsidiary, MRC Global (Canada) ULC, has entered into a definitive agreement to sell its Canada operations to Emco Corporation. |
globenewswire.com |
2024-12-16 08:30:00 |
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| Why Is MRC (MRC) Down 2.5% Since Last Earnings Report? |
MRC (MRC) reported earnings 30 days ago. What's next for the stock? |
zacks.com |
2024-12-05 14:35:34 |
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| Here's Why You Should Avoid Investing in MRC Global Stock Now |
Weakness in the Gas Utilities and PTI sectors weighs on MRC. Unfavorable foreign currency movement is an added concern. |
zacks.com |
2024-11-22 14:16:10 |
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| MRC Global Announces Closing of $750 Million Asset-Based Loan Facility |
HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC), announced today that it has amended its asset-based revolving loan facility (“ABL”), extending its maturity to November 2029. The amended ABL has a committed borrowing capacity of $750 million. |
globenewswire.com |
2024-11-12 18:15:00 |
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| Investing in MRC (MRC)? Don't Miss Assessing Its International Revenue Trends |
Examine the evolution of MRC's (MRC) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects. |
zacks.com |
2024-11-11 12:21:03 |
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| MRC Global Inc. (MRC) Q3 2024 Earnings Call Transcript |
MRC Global Inc. (MRC) Q3 2024 Earnings Call Transcript |
seekingalpha.com |
2024-11-06 23:15:59 |
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| MRC Global's Q3 Earnings Surpass Estimates, Revenues Down Y/Y |
MRC's third-quarter 2024 revenues decrease 10.3% year over year due to the lower volume of sales in the Gas Utilities, DIET and PTI sectors. |
zacks.com |
2024-11-06 14:35:28 |
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| MRC Global (MRC) Q3 Earnings and Revenues Surpass Estimates |
MRC Global (MRC) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.32 per share a year ago. |
zacks.com |
2024-11-05 20:40:25 |
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| MRC Global Announces New Board Chair |
HOUSTON, Nov. 05, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) announced today that its board of directors has elected Deborah G. (Debbie) Adams as its new Board Chair, effective immediately. |
globenewswire.com |
2024-11-05 18:20:00 |
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| MRC Global Announces Third Quarter 2024 Results |
HOUSTON, Nov. 05, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) today announced third quarter 2024 results. Net income attributable to common stockholders for the third quarter of 2024 was $23 million, or $0.27 per diluted share, and was $29 million, or $0.33 per diluted share for the third quarter of 2023. |
globenewswire.com |
2024-11-05 18:15:00 |
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| MRC Global Simplifies Capital Structure by Securing New $350 Million Term Loan B and Repurchasing Convertible Preferred Stock |
HOUSTON, Oct. 29, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC), announced today that it has secured a new $350 million Senior Secured Term Loan “B” (“Term Loan”) maturing in 2031. The proceeds from this loan, and borrowings from the asset-based lending facility were used to repurchase all 363,000 shares of its 6.50% Series A Convertible Perpetual Preferred Stock for $361 million plus accrued dividends as part of an agreement with Mario Investments LLC, the holder of the preferred stock. |
globenewswire.com |
2024-10-29 18:15:00 |
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| Earnings Preview: MRC Global (MRC) Q3 Earnings Expected to Decline |
MRC (MRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2024-10-29 13:06:56 |
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| MRC Global Announces Moody's Upgrade in Credit Rating To ‘B1' from ‘B2', Outlook Stable |
HOUSTON, Oct. 15, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC), today announced that Moody's Ratings (“Moody's”) upgraded the company's corporate family rating to ‘B1' from ‘B2' with a stable outlook. Also, in conjunction with the company's issuance of a new Term Loan B, Moody's upgraded the rating of the anticipated Term Loan B to a ‘B2', a level higher than the company's previous term loan. |
globenewswire.com |
2024-10-15 20:30:00 |
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| MRC Global Announces Actions to Strengthen Its Capital Structure |
Agrees to Repurchase Preferred Stock Launches Term Loan B Financing to Fund Repurchase Pursues Amendment to ABL Facility to Extend Maturity Provides Preliminary Third Quarter 2024 Financial Results HOUSTON, Oct. 15, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) announced today that it has agreed to repurchase all 363,000 shares of its 6.50% Series A Convertible Perpetual Preferred Stock as part of an agreement with Mario Investments, LLC, the holder of the preferred stock, which is contingent upon, among other things, the completion of a successful term loan financing. Upon satisfaction of the required conditions in the repurchase agreement, the company will repurchase the preferred stock for a total payment of approximately $361 million, representing 99.5% of the liquidation preference of the preferred stock. |
globenewswire.com |
2024-10-15 11:19:00 |
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| MRC Global Announces Third Quarter 2024 Earnings Release, Conference Call and Webcast Schedule |
HOUSTON, Sept. 17, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) will release its third quarter 2024 results on November 5, 2024, after the market closes. |
globenewswire.com |
2024-09-17 20:30:00 |
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| MRC (MRC) Up 0.1% Since Last Earnings Report: Can It Continue? |
MRC (MRC) reported earnings 30 days ago. What's next for the stock? |
zacks.com |
2024-09-05 16:35:58 |
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| Reasons Why You Should Avoid Betting on MRC Global (MRC) |
Softness in the Gas Utilities and PTI sectors weigh on MRC Global (MRC). Unfavorable foreign currency movement is an added concern. |
zacks.com |
2024-08-22 17:42:02 |
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