MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy industry in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation and top work components, and valve modification services, as well as measurement, steam, and instrumentation products. The company also provides carbon steel fittings and flanges comprising carbon weld fittings, flanges, and piping components; stainless steel, alloy and corrosion resistant pipes, tubing, fittings, and flanges; and carbon line pipes. In addition, it offers natural gas distribution products, including risers, meters, polyethylene pipes and fittings, and various other components and industrial supplies; oilfield and industrial supplies and completion equipment, such as high density polyethylene pipes, fittings, and rods; and specialized production equipment comprising tanks and separators. Further, the company provides various services, such as product testing, manufacturer assessments, multiple daily deliveries, volume purchasing, inventory and zone store management and warehousing, technical support, training, just-in-time delivery, truck stocking, order consolidation, product tagging and system interfaces, and valve inspection and repair services; and various other services under the ValidTorque and FastTrack names. Its products are used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions, including high pressure, high/low temperature, and high corrosive and abrasive environments. The company was formerly known as McJunkin Red Man Holding Corporation and changed its name to MRC Global Inc. in January 2012. MRC Global Inc. was founded in 1921 and is headquartered in Houston, Texas.
IPO Year: 2012
Exchange: NYSE
Website: mrcglobal.com
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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HOUSTON, Aug. 06, 2024 (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 second quarter 2024 results. Net income attributable to common stockholders for the second quarter of 2024 was $24 million, or $0.28 per diluted share, as compared to the second quarter of 2023 net income attributable to common stockholders of $18 million, or $0.21 per diluted share. Adjusted net income attributable to common stockholders for the second quarter of 2024 was $27 million, or $0.31 per diluted share, as compared to the second
HOUSTON, June 18, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE:MRC) will release its second quarter 2024 results on August 6, 2024, after the market closes. In conjunction with the release, the company will host a conference call and webcast: What:MRC Global Second Quarter 2024 Earnings Conference Call and Webcast When:Wednesday, August 7, 2024, at 10:00 a.m. Eastern / 9:00 a.m. Central How:Via phone – Dial 201-689-8261 and ask for the MRC Global call prior to the start time, or Via webcast – Visit our website http://www.mrcglobal.com in the investor relations section A replay of the call will be available through August 21, 2024, by dialing 201-612-7415 using passcode 13746014#. An
HOUSTON, June 13, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE:MRC) announced today that its subsidiary, MRC Global (US) Inc., has signed an agreement to be the primary provider of pipe, valves and fitting (PVF) products and services to ExxonMobil in North America. The agreement includes all of ExxonMobil's North America upstream and downstream facilities for maintenance, repair and operations as well as project work. "We are very pleased that ExxonMobil has entrusted us with this important part of their business," commented Rob Saltiel, MRC Global President & CEO. "MRC Global is proud to have supported ExxonMobil for more than 35 years, and we look forward to supporting their growth fo
HOUSTON, May 21, 2024 (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, has published its 2024 Sustainability Report on www.mrcglobal.com. The 2024 Sustainability Report describes MRC Global's strategic efforts to: Advance the Energy TransitionMinimize Greenhouse Gases ("GHG") and Reduce PollutionReduce its Carbon FootprintMaintain a Safe WorkplaceDevelop a Diverse Workforce and Inclusive WorkplaceGovern Climate Risks and Opportunities "We continue to demonstrate our commitment to operating a sustainable, ethical, and efficient b
HOUSTON, May 15, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE:MRC), (the "Company"), 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 Company's issuer credit rating has been upgraded to "B" from "B–" by S&P Global Ratings ("S&P"). S&P based its ratings upgrade in part due to the Company's ability to address its upcoming Term Loan B maturity with cash on hand, expected strong operating cash flow generation and reduced debt leverage, while maintaining ample availability on the Company's asset-based lending facility. The outlook was changed to "Stable" from
HOUSTON, May 08, 2024 (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 first quarter 2024 results. Net income attributable to common stockholders for the first quarter of 2024 was $13 million, or $0.15 per diluted share, as compared to the first quarter of 2023 net income attributable to common stockholders of $28 million, or $0.33 per diluted share. Adjusted net income attributable to common stockholders for the first quarter of 2024 was $17 million, or $0.20 per diluted share, as compared to the first quarter
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'
HOUSTON, March 25, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE:MRC) will release its first quarter 2024 results on May 8, 2024, after the market closes. In conjunction with the release, the company will host a conference call and webcast: What:MRC Global First Quarter 2024 Earnings Conference Call and Webcast When:Thursday, May 9, 2024, at 10:00 a.m. Eastern / 9:00 a.m. Central How:Via phone – Dial 201-689-8261 and ask for the MRC Global call prior to the start time, or Via webcast – Visit our website http://www.mrcglobal.com in the investor relations section A replay of the call will be available through May 23, 2024, by dialing 201-612-7415 using passcode 13745025#. An archive of
HOUSTON, March 19, 2024 (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 ("MRC Global" or the "Company"), today issued the following statement in response to the recent statement and nomination notice the Company has received from Engine Capital LP ("Engine"): For the full-year 2023, MRC Global set several new records for profit margins, balance sheet strength and working capital efficiency. Notably, we generated significant operating cash for the year of $181 million, well above what we previously expected. We also set a company
Believes it is Critical to Add Directors with an Investor Mindset, and Capital Allocation and Financial Markets Experience Underscores Engine's Repeated Attempts to Avoid an Election Contest, Including by its Willingness to Settle for Reduced Board Representation Engine Capital, L.P. (together with its affiliates, "Engine"), a significant shareholder of MRC Global Inc. (NYSE:MRC) ("MRC" or the "Company") and the owner of nearly 4.3% of the Company's outstanding common stock, today announced it has filed a preliminary proxy statement with the U.S. Securities and Exchange Commission in connection with its nomination of two highly qualified candidates for election to the Company's Board of
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Susquehanna analyst Charles Minervino maintains MRC Global (NYSE:MRC) with a Positive and maintains $16 price target.
The agreement includes all of ExxonMobil's North America upstream and downstream facilities for maintenance, repair and operations as well as project work.
Susquehanna analyst Charles Minervino maintains MRC Global (NYSE:MRC) with a Positive and raises the price target from $15 to $16.
MRC Global (NYSE:MRC) reported quarterly earnings of $0.20 per share which beat the analyst consensus estimate of $0.14 by 42.86 percent. This is a 37.5 percent decrease over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $806.000 million which beat the analyst consensus estimate of $760.760 million by 5.95 percent. This is a 8.93 percent decrease over sales of $885.000 million the same period last year.
Susquehanna analyst Charles Minervino maintains MRC Global (NYSE:MRC) with a Positive and raises the price target from $13 to $15.
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.
Shares of Sony Group Corporation (NYSE:SONY) fell during Wednesday’s session after the company reported third-quarter financial results and revised guidance above estimates and shared plans to list its financial arm in October 2025. Sony Group reported third-quarter FY23 sales growth of 22% year-on-year to $25.34 billion (¥3.75 trillion), beating the consensus of $24.62 billion. Adjusted EPS of $1.99 beat the consensus of $1.65. Sony revised its FY23 sales outlook to $86.62 billion (¥12.4 trillion), down from a prior forecast of ¥12.3 trillion versus the consensus of $87.32 billion. Sony Group shares fell 6.3% to $89.86 on Wednesday. Here are some other stocks moving in today's mid-day
Stephens & Co. analyst Tommy Moll reiterates MRC Global (NYSE:MRC) with a Overweight and maintains $17 price target.
U.S. stocks were higher, with the Dow Jones index gaining more than 100 points on Wednesday. Shares of Charles River Laboratories International, Inc. (NYSE:CRL) rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter results and issued guidance above estimates. Charles River posted adjusted earnings of $2.46 per share, beating market estimates of $2.40 per share. The company’s quarterly sales came in at $1.01 billion versus expectations of $991.25 million. Charles River Laboratories International, Inc. (NYSE:CRL) rose 7.2% to $236.00 on Wednesday. Here are some other big stocks recording gains in today’s session. Lyft, Inc. (NASDAQ:LYFT)
Loop Capital initiated coverage of MRC Global with a rating of Buy and set a new price target of $14.00
The Benchmark Company initiated coverage of MRC Global with a rating of Buy and set a new price target of $14.00
RBC Capital reiterated coverage of Morguard with a rating of Sector Perform and set a new price target of $200.00 from $190.00 previously
Susquehanna reiterated coverage of MRC Global with a rating of Positive and set a new price target of $12.00 from $11.00 previously
JPMorgan Chase & Co. resumed coverage of MRC Global with a rating of Neutral and set a new price target of $7.00
JP Morgan downgraded MRC Global from Overweight to Neutral and set a new price target of $7.00
HOUSTON, Aug. 06, 2024 (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 second quarter 2024 results. Net income attributable to common stockholders for the second quarter of 2024 was $24 million, or $0.28 per diluted share, as compared to the second quarter of 2023 net income attributable to common stockholders of $18 million, or $0.21 per diluted share. Adjusted net income attributable to common stockholders for the second quarter of 2024 was $27 million, or $0.31 per diluted share, as compared to the second
HOUSTON, June 18, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE:MRC) will release its second quarter 2024 results on August 6, 2024, after the market closes. In conjunction with the release, the company will host a conference call and webcast: What:MRC Global Second Quarter 2024 Earnings Conference Call and Webcast When:Wednesday, August 7, 2024, at 10:00 a.m. Eastern / 9:00 a.m. Central How:Via phone – Dial 201-689-8261 and ask for the MRC Global call prior to the start time, or Via webcast – Visit our website http://www.mrcglobal.com in the investor relations section A replay of the call will be available through August 21, 2024, by dialing 201-612-7415 using passcode 13746014#. An
HOUSTON, May 08, 2024 (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 first quarter 2024 results. Net income attributable to common stockholders for the first quarter of 2024 was $13 million, or $0.15 per diluted share, as compared to the first quarter of 2023 net income attributable to common stockholders of $28 million, or $0.33 per diluted share. Adjusted net income attributable to common stockholders for the first quarter of 2024 was $17 million, or $0.20 per diluted share, as compared to the first quarter
HOUSTON, March 25, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE:MRC) will release its first quarter 2024 results on May 8, 2024, after the market closes. In conjunction with the release, the company will host a conference call and webcast: What:MRC Global First Quarter 2024 Earnings Conference Call and Webcast When:Thursday, May 9, 2024, at 10:00 a.m. Eastern / 9:00 a.m. Central How:Via phone – Dial 201-689-8261 and ask for the MRC Global call prior to the start time, or Via webcast – Visit our website http://www.mrcglobal.com in the investor relations section A replay of the call will be available through May 23, 2024, by dialing 201-612-7415 using passcode 13745025#. An archive of
HOUSTON, Feb. 13, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE:MRC), 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 reported full year and fourth quarter 2023 results. Net income attributable to common stockholders for the fourth quarter of 2023 was $15 million, or $0.17 per diluted share, as compared to a net income of $15 million, or $0.18 per diluted share in the fourth quarter of 2022. Net income attributable to common stockholders for 2023 was $90 million, or $1.05 per diluted share as compared to net income attributable to common stockholders of $5
HOUSTON, Dec. 15, 2023 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE:MRC) will release its fourth quarter and full year 2023 results on February 13, 2024, after the market closes. In conjunction with the release, the company will host a conference call and webcast: What:MRC Global Fourth Quarter and Full Year 2023 Earnings Conference Call and Webcast When:Wednesday, February 14, 2024, at 10:00 a.m. Eastern / 9:00 a.m. Central How:Via phone – Dial 201-689-8261 and ask for the MRC Global call prior to the start time, or Via webcast – Visit our website http://www.mrcglobal.com in the investor relations section A replay of the call will be available through February 28, 2024, by dialing 201-6
HOUSTON, Nov. 07, 2023 (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 third quarter 2023 results. Net income attributable to common stockholders for the third quarter of 2023 was $29 million, or $0.33 per diluted share, as compared to the third quarter of 2022 net income attributable to common stockholders of $18 million, or $0.21 per diluted share. Adjusted net income attributable to common stockholders for the third quarter of 2023 was $28 million, or $0.32 per diluted share, as compared to the third
HOUSTON, Sept. 15, 2023 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE:MRC) will release its third quarter 2023 results on November 7, 2023, after the market closes. In conjunction with the release, the company will host a conference call and webcast: What:MRC Global Third Quarter 2023 Earnings Conference Call and Webcast When:Wednesday, November 8, 2023, at 10:00 a.m. Eastern / 9:00 a.m. Central How:Via phone – Dial 201-689-8261 and ask for the MRC Global call prior to the start time, or Via webcast – Visit our website http://www.mrcglobal.com in the investor relations section A replay of the call will be available through November 22, 2023, by dialing 201-612-7415 using passcode 13740768#.
HOUSTON, Aug. 07, 2023 (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 second quarter 2023 results. Net income attributable to common stockholders for the second quarter of 2023 was $18 million, or $0.21 per diluted share, as compared to the second quarter of 2022 net income of $8 million, or $0.09 per diluted share. Adjusted net income attributable to common stockholders for the second quarter of 2023 was $22 million, or $0.25 per diluted share, as compared to the second quarter of 2022 adjusted net income of $2
HOUSTON, June 16, 2023 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE:MRC) will release its second quarter 2023 results on August 7, 2023, after the market closes. In conjunction with the release, the company will host a conference call and webcast: What:MRC Global Second Quarter 2023 Earnings Conference Call and WebcastWhen:Tuesday, August 8, 2023, at 10:00 a.m. Eastern / 9:00 a.m. CentralHow:Via phone – Dial 201-689-8261 and ask for the MRC Global call prior to the start time, or Via webcast – Visit our website http://www.mrcglobal.com in the investor relations section A replay of the call will be available through August 22, 2023, by dialing 201-612-7415 using passcode 13739473#. An archive
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'
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
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
HOUSTON, March 9, 2021 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings and related products and services to the energy industry, today announced the appointment of Rob Saltiel as president and chief executive officer and as a member of the company's board of directors effective as of March 15, 2021, succeeding Andrew Lane, who previously announced his retirement plans. Rhys Best, MRC Global's chairman of the board said, "As a company, we are celebrating our 100th anniversary this year. We are excited to have Rob join MRC Global to lead its growth through the company's next chapter. Rob's distinguished career in the ene