Here's Why You Should Retain MRC Global Stock in Your Portfolio

Group 1: Company Performance and Strategy - MRC Global Inc. is experiencing growth in the DIET sector due to increased energy transition projects and a strong pipeline of customer projects in refining, chemical, and mining [1] - The company has paid dividends of $18 million and repurchased shares worth$5 million in the first nine months of 2024, with a buyback program authorized for up to $125 million [2] - MRC generated a free cash flow of$174 million in the first nine months of 2024, a significant increase from $82 million in the same period last year [3] Group 2: Debt Management - Reducing debts is a priority for MRC, which repaid$276 million in borrowings under revolving credit facilities in the first nine months of 2024, following a repayment of $882 million in 2023 [4] - The company's leverage ratio was 0.1x at the end of the third quarter, marking the lowest level in its history [4] Group 3: Market Performance - MRC's shares have gained 38.7% over the past year, outperforming the industry's growth of 28.5% [6] - However, the company is facing challenges in the Gas Utilities and Production & Transmission Infrastructure (PTI) sectors, with revenues from Gas Utilities declining by 6% year over year and PTI revenues decreasing by 14% year over year in the third quarter [7][8]