Creating a Premier Energy and Industrial Solutions Provider June 26th, 2025 Disclaimers Forward-Looking Statements This presentation includes "forward-looking statements" as defined under the federal securities laws. All statements other than statements of historical fact included or incorporated by reference in this presentation, including, among other things, statements regarding the proposed business combination transaction between DNOW Inc. ("DNOW") and MRC Global Inc. ("MRC"), future events, plans and ...

Creating a Premier Energy and Industrial Solutions Provider June 26th, 2025 Disclaimers Forward-Looking Statements This presentation includes "forward-looking statements" as defined under the federal securities laws. All statements other than statements of historical fact included or incorporated by reference in this presentation, including, among other things, statements regarding the proposed business combination transaction between DNOW Inc. ("DNOW") and MRC Global Inc. ("MRC"), future events, plans and ...

Summary of DNOW and MRC Global Merger Conference Call Industry and Companies Involved - **Industry**: Energy and Industrial Solutions - **Companies**: DNOW (DistributionNOW) and MRC Global Core Points and Arguments 1. **Merger Announcement**: DNOW and MRC Global announced a transformational merger aimed at creating a premier energy and industrial solutions provider, enhancing long-term sustainable growth and shareholder value [4][5][6] 2. **Transaction Structure**: The merger is an all-stock transaction with an enterprise value of approximately $3 billion. MRC Global shareholders will receive 0.9489 shares of DNOW common stock for each share of MRC Global common stock [7][8] 3. **Ownership Post-Merger**: Upon closing, DNOW and MRC Global shareholders will own approximately 56.5% and 43.5% of the combined company, respectively [7] 4. **Expected Synergies**: The merger is projected to generate annual run rate pretax synergies of $70 million within three years, primarily from operational efficiencies and cost reductions [7][23] 5. **Financial Strength**: The combined company is expected to have revenues of approximately $5.3 billion and a strong balance sheet, with a net cash position anticipated by the end of the first year post-close [13][25] 6. **Geographic and Product Expansion**: The merger will enhance geographic reach and product offerings, allowing the combined entity to serve customers across more than 350 service and distribution locations globally [14][15] 7. **Customer-Centric Approach**: Both companies emphasize a customer-first mindset, aiming to leverage their combined strengths to better serve existing customers and attract new ones [29][30] 8. **Focus on Growth**: The primary focus post-merger will be on organic growth through cross-selling opportunities, with no specific revenue synergy targets established yet [47][48] Additional Important Content 1. **Regulatory Approval**: The companies do not anticipate significant regulatory issues, believing the merger will enhance customer choice and service capabilities [49] 2. **Integration Strategy**: The integration will focus on consolidating duplicate systems and optimizing the distribution network, although immediate priorities will be on revenue growth and talent retention [51][60] 3. **Capital Allocation**: Post-merger capital deployment will prioritize organic growth, followed by inorganic growth through M&A, and maintaining a share repurchase program [58] 4. **Cultural Alignment**: Both companies share a commitment to innovation and operational excellence, which will be foundational in the integration process [29][30] This summary encapsulates the key points discussed during the conference call regarding the merger between DNOW and MRC Global, highlighting the strategic rationale, expected benefits, and future focus areas for the combined entity.

Summary of MRC Global and DNOW Merger Conference Call Company and Industry Overview - **Companies Involved**: MRC Global (MRC) and DNOW - **Industry**: Energy and Industrial Solutions Key Points and Arguments 1. **Merger Announcement**: The merger between DNOW and MRC Global is described as a transformational combination aimed at creating a premier energy and industrial solutions provider, enhancing long-term sustainable growth and shareholder value [4][5][6] 2. **Transaction Structure**: The merger is structured as an all-stock transaction with an enterprise value of approximately $3 billion. MRC Global shareholders will receive 0.9489 shares of DNOW common stock for each share of MRC Global common stock [7][8] 3. **Ownership Post-Merger**: Upon closing, DNOW and MRC Global shareholders will own approximately 56.5% of the combined company on a fully diluted basis [7] 4. **Expected Synergies**: The merger is expected to generate annual run rate pretax synergies of $70 million within three years, primarily from public company costs, corporate and IT systems, and operational efficiencies [7][23] 5. **Financial Strength**: The combined company anticipates starting with revenues of approximately $5.3 billion and expects the transaction to be accretive to adjusted EPS in the first year following the close [13][22] 6. **Geographic and Product Expansion**: The merger will enhance the geographic footprint and product offerings, allowing the combined company to serve customers globally across more than 350 service and distribution locations [14][15] 7. **Customer-Centric Approach**: Both companies emphasize a customer-first mindset, aiming to leverage their combined strengths to better serve existing customers and attract new ones [29][30] 8. **Capital Structure and Liquidity**: The combined entity will have over $200 million in cash and a $500 million revolving credit facility, with additional commitments to expand the credit facility by $250 million at the close of the merger [8][27] 9. **Integration Strategy**: The focus will be on retaining top talent and driving revenue growth through cross-selling opportunities, with branch network efficiencies evaluated as integration progresses [58][60] Additional Important Content 1. **Regulatory Approval**: The companies do not anticipate regulatory issues, believing the merger will enhance customer choice and service capabilities [49] 2. **Cost Savings**: The expected cost savings will come from systems consolidation, distribution network optimization, and operational efficiencies, although specific integration costs have not yet been estimated [23][50] 3. **Long-Term Value Creation**: The merger is positioned to create long-term value through disciplined capital allocation, including organic growth investments, share repurchases, and potential future M&A [58][27] 4. **Market Opportunities**: The combined company aims to penetrate growing sectors such as alternative energy, artificial intelligence infrastructure, and mining, leveraging each company's strengths [20][19] This summary encapsulates the key points discussed during the conference call regarding the merger between MRC Global and DNOW, highlighting the strategic rationale, expected benefits, and future outlook for the combined entity.

New name and rebrand reflects growth, innovation, and future-focused visionVANCOUVER, Wash., June 12, 2025 /PRNewswire/ -- Northwest Pipe Company (Nasdaq: NWPX), a leading manufacturer of water-related infrastructure products, has announced its new corporate name and identity, NWPX Infrastructure, Inc. ("NWPX Infrastructure"). Northwest Pipe Company announces its new corporate name and identity, NWPX Infrastructure, Inc. Post this (PRNewsfoto/NWPX Infrastructure) The rebrand to NWPX Infrastructure marks ...

Company Overview - Core & Main, Inc. (CNM) shares increased by 10.4% to $59.09 in the last trading session, with a higher-than-average trading volume [1] - The company has made the Fortune 500 list for the first time at No. 497, indicating rapid growth in providing essential water infrastructure products [2] Financial Performance - Core & Main is expected to report quarterly earnings of $0.52 per share, reflecting a year-over-year increase of 6.1% [3] - Revenue projections for the upcoming quarter are $1.83 billion, which is a 5.3% increase compared to the same quarter last year [3] Market Sentiment - The recent stock price increase is attributed to optimism regarding rising customer demand for storm drainage products and pipes, valves, and fittings [2] - The consensus EPS estimate for Core & Main has remained unchanged over the last 30 days, suggesting that the stock's price movement may not sustain without earnings estimate revisions [4] Industry Context - Core & Main operates within the Zacks Manufacturing - Tools & Related Products industry, where Sandvik AB (SDVKY) also competes [4] - Sandvik's consensus EPS estimate has remained unchanged at $0.36, representing a year-over-year change of 24.1% [5]

Hong Kong, May 27, 2025 (GLOBE NEWSWIRE) -- Luda Technology Group Limited (the “Company” or “Luda Technology”), (NYSE: LUD), a manufacturer and trader of stainless steel and carbon steel flanges and fittings products, today announced that on April 30, 2025, it completed and filed the Company's annual report on Form 20-F for the year ended December 31, 2024 (the "2024 Form 20-F") with the U.S. Securities and Exchange Commission (the "SEC"). Availability of Audited Financial Statements Further information may ...

Insteel Industries, Inc. (IIIN) and Atkore Inc. (ATKR) are two prominent names operating in the wire and cable products industry. As rivals, the companies are engaged in providing steel wire reinforcing, metal framing and fittings and other infrastructure products and solutions to the non-residential and residential construction markets. Both companies are poised to benefit from significant growth opportunities in the construction sector, driven by the resiliency of repair and remodelling activity. Let’s ta ...

Core Viewpoint - MRC Global Inc. reported first-quarter 2025 adjusted earnings of 14 cents per share, exceeding the Zacks Consensus Estimate of 8 cents, but down from 21 cents per share in the same quarter last year. Total revenues of $712 million also surpassed the consensus estimate of $710 million, although they decreased by 8.4% year over year due to lower sales volumes in specific sectors [1]. Revenue Summary by Product Line - Revenues from carbon pipe, fittings, and flanges decreased by 22.5% year over year to $162 million. - Revenues from valves, automation, measurement, and instrumentation fell by 0.7% year over year to $277 million. - Gas product revenues remained stable year over year at $187 million. - Sales of general products dropped by 28.1% to $46 million, while sales of stainless steel and alloy pipe and fittings increased by 5.3% to $40 million [2]. Revenue Summary by Sector - Revenues from Gas Utilities increased by 3% year over year to $273 million. - Sales in the Downstream, Industrial and Energy Transition (DIET) sector decreased by 17.7% to $220 million. - Sales from the Production & Transmission Infrastructure (PTI) sector fell by 10.6% year over year to $219 million [3]. Revenue Summary by Segment - Sales from the U.S. segment, which represents 83% of total revenues, totaled $591 million, down 11.4% year over year due to reduced demand in DIET and PTI sectors. - Sales from the International segment, accounting for 17% of revenues, grew by 10% year over year to $121 million, driven by higher revenues from the PTI sector [4]. Margin Profile - MRC Global's cost of sales declined by 7.8% year over year to $570 million. - Adjusted gross profit decreased by 10% year over year to $153 million, with an adjusted gross margin of 21.5%, compared to 21.9% in the previous year. - Selling, general, and administrative expenses rose by 3.3% year over year to $124 million, while adjusted EBITDA decreased by 36.8% year over year to $36 million [5]. Balance Sheet and Cash Flow - At the end of the first quarter of 2025, MRC had a cash balance of $63 million, stable compared to December 2024. - Long-term debt, including the current portion, was $367 million, with net debt at $308 million [6]. - The company generated net cash of $14 million from operating activities, down from $38 million in the year-ago period. - Capital expenditures for property, plant, and equipment were $9 million, up 50% year over year, and no dividends were paid on preferred stock compared to $6 million in the previous year [7]. 2025 Outlook - MRC Global anticipates that its second-quarter 2025 revenues will increase in the high-single to low-double-digit range sequentially, driven by growth across its three business sectors [9].

MRC Global (MRC) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Company Participants Monica Broughton - Investor RelationsRob Saltiel - President and CEOKelly Youngblood - EVP & CFOChristopher Dankert - SVP - Equity ResearchBlake McLean - Managing Director Conference Call Participants Adam Farley - Associate AnalystCharles Minervino - Equity Research Analyst Operator and welcome to MRC Global's First Quarter twenty twenty five Earnings Conference Call. At this time, participants are in a listen only mode. A ...