MRC Global Announced Agreement with Engine Capital; Daniel Silvers Named To Board Of Directors

4/2/24 6:35:02 AM ET

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MRC Global Inc. (NYSE:MRC) (“MRC Global” or the “Company”), the leading global distributor of pipe, valves and fittings (PVF) and other infrastructure products and services to diversified gas utility, energy and industrial end-markets, today announced that Daniel Silvers has been appointed to the Company’s Board of Directors, effective immediately. Mr. Silvers will serve on the Board’s Compensation and Environmental, Social, Governance and Enterprise Risk Committees.

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Recent Analyst Ratings for
$MRC

Date	Price Target	Rating	Analyst
10/3/2023	$14.00	Buy	Loop Capital
7/8/2022	$14.00	Buy	The Benchmark Company
3/2/2022	$190.00 → $200.00	Sector Perform	RBC Capital
11/10/2021	$11.00 → $12.00	Positive	Susquehanna

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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. The terms of the ABL are substantially the same as the previous facility with a borrowing rate of Term SOFR plus a margin ranging from 1.25% to 1.75%, based on the company's fixed charge coverage ratio. Rob Saltiel, MRC Global President & CEO stated, "We are pleased to have successfully closed on our amended ABL credit facility with favorable terms and an extended maturity. This transaction, along with our new 7-year Term Loan
11/12/24 4:15:08 PM ET
$MRC
Industrial Machinery/Components
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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. She succeeds Robert L. (Bob) Wood, previous Chairman of the Board, who has retired from the board for personal reasons. Rob Saltiel, President & CEO and board member of MRC Global, stated, "We are excited to announce Debbie Adams as our new Board Chair. Debbie joined our board in 2017 and has been serving as chair of the board's Compensation & Human Capital Committee since 2022. Debbie's extensive experience with MRC Global and her deep knowledge of the energy industry will be beneficial to o
11/5/24 4:20:03 PM ET
$MRC
Industrial Machinery/Components
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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. Adjusted net income attributable to common stockholders for the third quarter of 2024 was $19 million, or $0.22 per diluted share, as compared to the third quarter of 2023 result of $28 million, or $0.32 per diluted share. MRC Global's third quarter 2024 gross profit was $160 million, or 20.1% of sales, as compared to the third quarter 2023 gross profit of $183 million, or 20.6%
11/5/24 4:15:48 PM ET
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MRC Global Announces Agreement with Engine Capital and Appointment of Daniel Silvers to the Board of Directors
HOUSTON, April 02, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE:MRC) ("MRC Global" or the "Company"), the leading global distributor of pipe, valves and fittings (PVF) and other infrastructure products and services to diversified gas utility, energy and industrial end-markets, today announced that Daniel Silvers has been appointed to the Company's Board of Directors, effective immediately. Mr. Silvers will serve on the Board's Compensation and Environmental, Social, Governance and Enterprise Risk Committees. Mr. Silvers' appointment is made in conjunction with a cooperation agreement that the Company has reached with Engine Capital, L.P. ("Engine"). Robert Wood, MRC Global'
4/2/24 6:30:18 AM ET
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MRC Global Appoints Emily Shields to Lead Sustainability Organization
HOUSTON, June 27, 2022 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE:MRC), the leading global distributor of pipe, valves, fittings and infrastructure products and services to diversified energy, industrial and gas utilities end-markets, today announced the appointment of Emily Shields as Senior Vice President – Sustainability and Assistant General Counsel. Rob Saltiel, MRC Global's President and CEO stated, "This newly created role, reporting directly to me and expanding the executive leadership team, reflects MRC Global's commitment to sustainability and its growing importance to our company. Ms. Shields recently led the publication of our fifth Environmental, Social Responsibility and
6/27/22 6:30:57 AM ET
$MRC
Industrial Machinery/Components
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Amplify Energy Appoints Two New Independent Directors
HOUSTON, April 07, 2022 (GLOBE NEWSWIRE) -- Amplify Energy Corp. ("Amplify" or the "Company") (NYSE:AMPY) announced the appointment today of Deborah ("Debbie") G. Adams and Eric T. Greager to the Amplify Board of Directors ("Board"). Ms. Adams and Mr. Greager join the Board following a comprehensive process, conducted with the assistance of a nationally recognized board recruitment firm, to complement the Board's existing credentials and qualifications. Ms. Adams was most recently the Senior Vice President of Health, Safety, and Environmental ("HSE"), Projects and Procurement at Phillips 66, where she oversaw all regulatory affairs and processes. Mr. Greager is the former President, Chie
4/7/22 4:30:00 PM ET
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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. Adjusted net income attributable to common stockholders for the third quarter of 2024 was $19 million, or $0.22 per diluted share, as compared to the third quarter of 2023 result of $28 million, or $0.32 per diluted share. MRC Global's third quarter 2024 gross profit was $160 million, or 20.1% of sales, as compared to the third quarter 2023 gross profit of $183 million, or 20.6%
11/5/24 4:15:48 PM ET
$MRC
Industrial Machinery/Components
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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. Rob Saltiel, MRC Global President & CEO stated, "We took advantage of favorable credit market conditions to issue a new term loan, allowing us to repurchase our preferred stock. We expect this repu
10/29/24 4:15:16 PM ET
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Industrial Machinery/Components
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MRC Global Announces Actions to Strengthen Its Capital Structure
Agrees to Repurchase Preferred StockLaunches Term Loan B Financing to Fund RepurchasePursues Amendment to ABL Facility to Extend MaturityProvides 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 pre
10/15/24 7:19:32 AM ET
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MRC Global Announced Agreement with Engine Capital; Daniel Silvers Named To Board Of Directors

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Recent Analyst Ratings for $MRC

$MRC SEC Filings

SEC Form 144 filed by MRC Global Inc.

MRC Global Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 144 filed by MRC Global Inc.

$MRC Press Releases

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MRC Global Announces Closing of $750 Million Asset-Based Loan Facility

MRC Global Announces New Board Chair

MRC Global Announces Third Quarter 2024 Results

$MRC Large Ownership Changes

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Amendment: SEC Form SC 13D/A filed by MRC Global Inc.

Amendment: SEC Form SC 13D/A filed by MRC Global Inc.

SEC Form SC 13G filed by MRC Global Inc.

$MRC Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

President and CEO Saltiel Robert J. bought $240,600 worth of shares (20,000 units at $12.03), increasing direct ownership by 3% to 790,583 units (SEC Form 4)

$MRC Leadership Updates

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MRC Global Announces Agreement with Engine Capital and Appointment of Daniel Silvers to the Board of Directors

MRC Global Appoints Emily Shields to Lead Sustainability Organization

Amplify Energy Appoints Two New Independent Directors

$MRC Analyst Ratings

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Loop Capital initiated coverage on MRC Global with a new price target

The Benchmark Company initiated coverage on MRC Global with a new price target

RBC Capital reiterated coverage on Morguard with a new price target

$MRC Insider Trading

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Amendment: SEC Form 4 filed by Director Mario Investments Llc

SEC Form 4 filed by Director Mario Investments Llc

Officer Churay Daniel J sold $219,487 worth of shares (16,975 units at $12.93), decreasing direct ownership by 8% to 198,178 units (SEC Form 4)

$MRC Market Insights

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Susquehanna Maintains Positive on MRC Global, Maintains $16 Price Target

MRC Global Inks Agreement To Be The Primary Provider Of Pipe, Valves And Fitting Products And Services To ExxonMobil In North America; No Terms Dsiclosed

Susquehanna Maintains Positive on MRC Global, Raises Price Target to $16

$MRC Financials

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MRC Global Announces Third Quarter 2024 Results

MRC Global Simplifies Capital Structure by Securing New $350 Million Term Loan B and Repurchasing Convertible Preferred Stock

MRC Global Announces Actions to Strengthen Its Capital Structure

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