MRC Global in the News

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Press Releases

  • MRC Global Signs 5-Year Global Contract Extension with Phillips 66

    HOUSTON, Sept. 2, 2015 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) announced today that its subsidiary, McJunkin Red Man Corporation, has signed a five-year contract to supply pipe, valve and fitting (PVF) products and services for Phillips 66.
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  • MRC Global Opens New Distribution Center Outside of Pittsburgh, PA

    HOUSTON, TX – August 24, 2015 – MRC Global Inc. (NYSE: MRC) announced today that its subsidiary, McJunkin Red Man Corporation, has opened a new regional distribution center (RDC) in Monessen, PA just outside of Pittsburgh. The new facility is approximately 163,000 square feet of warehouse space on 14 acres. It will also house MRC Global’s fifth valve automation center in its U.S. Eastern region.

  • MRC Global Elects Robert L. Wood to the Board of Directors

    HOUSTON, Aug. 24, 2015 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) announced today that Robert "Bob" L. Wood has joined MRC Global's Board of Directors.


    Mr. Wood brings 30 years of global chemical industry experience and insight as well as more than 25 years of public company board experience to MRC Global.
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  • MRC Global Announces Second Quarter 2015 Results

    Sales of $1.198 billion
    Net income available to common stockholders of $15 million
    Diluted EPS of $0.15 per share
    Adjusted diluted EPS of $0.22 per share
    Adjusted EBITDA of $63 million


    HOUSTON, Aug. 3, 2015 /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 second quarter 2015 results.


    The company's sales were $1.198 billion for the second quarter of 2015, which were 20% lower than the second quarter of 2014 and 7.3% lower than the first quarter of 2015. The decline was driven primarily by reduced activity in the upstream sector. Sales were also negatively impacted by the strengthening of the U.S. dollar, which reduced reported sales by $40.8 million. Net income available to common stockholders, which is net income less dividends attributable to preferred stockholders, for the second quarter of 2015 was $15.0 million, or $0.15 per diluted share, compared to $39.3 million, or $0.38 per diluted share for the second quarter of 2014. Adjusted net income available to common stockholders, adjusted for certain severance, restructuring and finance charges for the second quarter of 2015, was $23.0 million, or $0.22 per diluted share, compared to $42.9 million, or $0.42 per diluted share for the second quarter of 2014. Please refer to the reconciliation of adjusted net income available to common stockholders (a non‑GAAP measure) to net income available to common stockholders (a GAAP measure) in this release.
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  • MRC Global Awarded MRO Valve Supply Contract by SABIC in Saudi Arabia

    HOUSTON, June 17, 2015 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) announced today that its subsidiary, MRC Transmark Middle East FZE, has signed a framework agreement with Saudi Basic Industries Corporation (SABIC), naming MRC Transmark Middle East as one of SABIC's primary valve suppliers to SABIC's operations in Saudi Arabia.


    SABIC, headquartered in Riyadh, Saudi Arabia, ranks among the world's top petrochemical companies. It operates from more than 50 countries and has more than 60 manufacturing and compounding plants across the Middle East, Asia, Europe and the Americas.

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