MRC Global Inc. (MRC) has been witnessing strength in the DIET sector, driven by an increase in energy transition projects (from carbon-based energy to alternative forms of energy). The company is expected to benefit from increased customer activity levels related to maintenance, repair and operations activities. Also, a strong pipeline of refining, chemical and mining customer projects bodes well.The company intends to augment its shareholders’ wealth through dividend payouts and share repurchases. In the ...

MRC Global Inc. (MRC) recently announced rewards for shareholders in the form of share buyback authorization. We believe that the repurchase program is in sync with its commitment to rewarding shareholders handsomely.Under the buyback program, MRC Global has been authorized by its board of directors to repurchase up to $125 million worth of shares. Subject to market conditions and other factors, the buyback can be carried out in the open market or through privately negotiated transactions, including under S ...

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 ...

MRC Global Inc. (MRC) recently entered into a deal to divest its Canada business to Emco Corporation. The financial terms of the transaction have been kept under wraps.Based in London, Emco is engaged in providing products and services for plumbing, waterworks, HVAC, irrigation, industrial, fire protection and oilfield supply projects. The company has a network of more than 250 profit centers.The divestment of the Canada business will help MRC Global to focus on its core businesses while supporting its capi ...

HOUSTON, Dec. 17, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE:MRC) will release its fourth quarter and full year 2024 results on February 11, 2025, 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 2024 Earnings Conference Call and Webcast  When:Wednesday, February 12, 2025, 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 ...

HOUSTON, Dec. 17, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) will release its fourth quarter and full year 2024 results on February 11, 2025, 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 2024 Earnings Conference Call and Webcast When:Wednesday, February 12, 2025, 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 star ...

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. Rob Saltiel, MRC Global President & CEO stated, "This divestiture will reposition our strategic focus and future capital investment decisions on our core geographies and product offerings that provide the strongest growth and profit potential. The sale of our Canada business is expected ...

MRC Global Inc. (MRC) has failed to impress investors with its recent operational performance due to weakness in the Gas Utilities and Production & Transmission Infrastructure (PTI) sectors. Also, foreign currency headwind is an added uncertainty.Houston, TX-based MRC Global is one of the leading distributors of pipes, valves and fittings, and related products and services. The company’s products are used across upstream, midstream and downstream sectors of the oil and gas industry. MRC currently carries a ...

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 sta ...

Have you assessed how the international operations of MRC Global (MRC) performed in the quarter ended September 2024? For this energy products distributor, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growt ...