MRC (US:MRC)2022-02-17 06:56Financial Performance - Q4 2021 - Revenue for 4Q21 was $686 million, an 18% increase compared to 4Q20[10] - Net loss attributable to common stockholders was $10 million in 4Q21[10] - Adjusted EBITDA for 4Q21 was $47 million, representing 6.9% of revenue, the highest percentage since 3Q18[10] - Adjusted gross profit percentage was 21.6% in 4Q21 and 20.1% for the full year 2021[10] - E-commerce accounted for 42% of total revenue in 2021, a greater than 600 basis points increase over 2020[10] Balance Sheet & Cash Flow - Net debt as of 4Q21 was $249 million[10] - Leverage ratio was 1.7x, the best in public company history[10] - Generated $40 million in cash from operations in 4Q21 and $56 million year-to-date[10] - Liquidity as of 4Q21 was $532 million[10] 2022 Outlook - The company anticipates 2022 annual revenue of $3 billion or greater[40] - Adjusted EBITDA is projected to be $190 million or greater in 2022[40]