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, a ...

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. In conjunction with the release, the company will host a conference call and webcast: What: MRC Global Third Quarter 2024 Earnings Conference Call and Webcast When: Wednesday, November 6, 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 ...

A month has gone by since the last earnings report for MRC Global (MRC) . Shares have added about 0.1% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is MRC due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. MRC Global Q2 Earnings Top Estimates, Revenues Down Y/Y MRC ...

MRC Global Inc. (MRC) has failed to impress investors with its recent operational performance due to weakness across its businesses and high debt levels. Based in Houston, TX, 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. Its products serve industries such as exploration, production and extraction of underground oil and natural gas, ...

Did you analyze how MRC Global (MRC) fared in its international operations for the quarter ending June 2024? Given the widespread global presence of this energy products distributor, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities. In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory ...

MRC Global Inc. (MRC) reported second-quarter 2024 adjusted earnings of 31 cents per share, which beat the Zacks Consensus Estimate of 24 cents. However, the bottom line declined 19.2% year over year. Total revenues of $832 million surpassed the consensus estimate of $822 million. Yet, the top line decreased 4.5% year over year due to lower volume of sales in the Gas Utilities and Production & Transmission Infrastructure (PTI) sectors. Revenues by Product Line Based on MRC's product line, revenues from carb ...

Table of Contents 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 JUNE 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _______ TO _______ Commission file number: 001-35479 MRC GLOBAL INC. (Exact name of registrant as ...

MRC Global, Inc. (NYSE:MRC) Q2 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Monica Broughton - VP, IR & Treasury Rob Saltiel - President & CEO Kelly Youngblood - EVP & CFO Conference Call Participants Nathan Jones - Stifel Ken Newman - KeyBanc Capital Markets Sean Mitchell - Daniel Energy Partners Chris Dankert - Loop Capital Markets Operator Greetings, and welcome to MRC Global's Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-on ...

MRC Global (MRC) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 29.17%. A quarter ago, it was expected that this energy products distributor would post earnings of $0.11 per share when it actually produced earnings of $0.20, delivering a surprise of 81.82%. Over the last four quarte ...

Exhibit 99.1 MRC Global Announces Second Quarter 2024 Results Houston, TX – August 6, 2024 – 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 endmarkets, 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 attribu ...