MRC Global Inc. (NYSE:MRC) Q3 2024 Earnings Conference Call November 6, 2024 10:00 AM ET Company Participants Monica Broughton - VP, IR & Treasury Rob Saltiel - President & CEO Kelly Youngblood - EVP & CFO Conference Call Participants Tommy Moll - Stephens Inc. Adam Farley - Stifel Operator Greetings, and welcome to MRC Global's Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Oper ...

Table of Contents Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 MRC New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ...

MRC Global Inc. (MRC) reported third-quarter 2024 adjusted earnings of 22 cents per share, which beat the Zacks Consensus Estimate of 18 cents. However, the bottom line declined 31.3% year over year.Total revenues of $797 million matched the consensus estimate. The top line decreased 10.3% year over year due to lower volume of sales in the Gas Utilities, Downstream, Industrial and Energy Transition (DIET) and Production & Transmission Infrastructure (PTI) sectors.Stay up-to-date with all quarterly releases: ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.22%. A quarter ago, it was expected that this energy products distributor would post earnings of $0.24 per share when it actually produced earnings of $0.31, delivering a surprise of 29.17%.Over the last four quarters ...

Exhibit 99.1 MRC Global Announces Third Quarter 2024 Results Houston, TX – November 5, 2024 – 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 ...

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 c ...

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, o ...

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, ...

The market expects MRC Global (MRC) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 5, 2024, might help the stock move higher if these key numbers ar ...

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. Moody's based its ratings upgrade, in part, on the company's moderate leverage and ample interest coverage, ...