MRC Global Announces $125 Million Share Repurchase Program

Core Points - MRC Global Inc. has authorized a new $125 million share repurchase program, set to expire on January 2, 2028, allowing the company to buy back its outstanding common shares through various means [1] - The company's President & CEO, Rob Saltiel, expressed confidence in the company's future and financial flexibility, highlighting a capital allocation strategy targeting a net debt leverage ratio of less than 1.5x, returning cash to shareholders, and investing in future growth [2] - MRC Global is a leading global distributor of pipe, valves, fittings, and other infrastructure products, serving diversified end-markets including gas utilities, industrial, and energy transition sectors, with over 100 years of experience [3] Company Overview - MRC Global is headquartered in Houston, Texas, and operates a worldwide network of over 200 locations, including valve and engineering centers, providing innovative supply chain solutions and technical product expertise [3] - The company offers over 300,000 SKUs from more than 8,500 suppliers, simplifying the supply chain for approximately 10,000 customers [3]