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Press Releases

  • MRC Global Inc. Announces First Quarter 2014 Earnings Release And Conference Call Schedule

    HOUSTON, March 19, 2014 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) announced today that it will release its first quarter 2014 results on Thursday, May 1, 2014 after the market closes. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, for Friday, May 2, 2014 at 10:00 a.m. Eastern / 9:00 a.m. Central.

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  • MRC Global Announces Fourth Quarter And Full Year 2013 Results And Introduces 2014 Guidance

    - Fourth quarter sales of $1.34 billion; Annual sales of $5.23 billion
    - Fourth quarter diluted EPS of $0.23; Annual diluted EPS of $1.48, up 21% from 2012
    - Fourth quarter adjusted EBITDA of $87 million; Annual adjusted EBITDA of $386 million
    - Fourth quarter net income of $23 million; Annual net income of $152 million
    - Generated $324 million in cash from operations in 2013
    - 2014 sales guidance $5.5 billion to $5.8 billion


    HOUSTON, Feb. 20, 2014 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings (PVF) and related products and services to the energy industry, today announced fourth quarter and full year 2013 results and introduced 2014 guidance.

    The company's sales increased 3% from $1.31 billion in the fourth quarter of 2012 to $1.34 billion in the same quarter of 2013. The increase of $37 million came from the acquisitions of Production Specialty Services Inc. (PSS), Flow Control Products (Flow Control) and Flangefitt Stainless Ltd. (Flangefitt), all of which are primarily in the upstream sector.

    Net income for the fourth quarter of 2013 was $23.3 million, or $0.23 per diluted share, compared to a fourth quarter 2012 net loss of ($6.4) million, or ($0.06) per diluted share.

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  • MRC Global Announces Fourth Quarter And Full Year 2013 Results And Introduces 2014 Guidance

    - Fourth quarter sales of $1.34 billion; Annual sales of $5.23 billion
    - Fourth quarter diluted EPS of $0.23; Annual diluted EPS of $1.48, up 21% from 2012
    - Fourth quarter adjusted EBITDA of $87 million; Annual adjusted EBITDA of $386 million
    - Fourth quarter net income of $23 million; Annual net income of $152 million
    - Generated $324 million in cash from operations in 2013
    - 2014 sales guidance $5.5 billion to $5.8 billion


    HOUSTON, Feb. 20, 2014 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings (PVF) and related products and services to the energy industry, today announced fourth quarter and full year 2013 results and introduced 2014 guidance.

    The company's sales increased 3% from $1.31 billion in the fourth quarter of 2012 to $1.34 billion in the same quarter of 2013. The increase of $37 million came from the acquisitions of Production Specialty Services Inc. (PSS), Flow Control Products (Flow Control) and Flangefitt Stainless Ltd. (Flangefitt), all of which are primarily in the upstream sector.

    Net income for the fourth quarter of 2013 was $23.3 million, or $0.23 per diluted share, compared to a fourth quarter 2012 net loss of ($6.4) million, or ($0.06) per diluted share.

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  • MRC Global Announces Closing of Stream AS Acquisition

    HOUSTON, TX – January 6, 2014 – MRC Global Inc. (NYSE: MRC) announced today that it has closed the previously announced acquisition of Stream AS. Headquartered in Norway, Stream is the leading pipe, valve and fittings (PVF) distributor and provider of flow control products, solutions and services to the offshore oil and gas industry on the Norwegian Continental Shelf.

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  • MRC Announces Two International Acquisitions
    HOUSTON, Dec. 9, 2013 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) announced today that it has entered into an agreement to acquire privately held Stream AS for approximately $260 million (Norwegian Kroner 1.60 billion) including the assumption of debt. Headquartered in Norway, Stream's 2013 revenues are estimated at $273 million (Norwegian Kroner 1.68 billion). Stream is the leading pipe, valve and fittings (PVF) distributor and provider of flow control products, solutions and services to the offshore oil and gas industry on the Norwegian Continental Shelf (NCS), the world's largest offshore sector. The acquisition is expected to close in January 2014, subject to normal and customary closing conditions, and MRC Global expects to fund the acquisition of Stream through the use of MRC's existing credit facilities. The selling shareholders of Stream are HitecVision and Converto Capital.
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