Showing: 1-10 of 89
  • McJunkin Red Man Corporation Signs Supply Contract Extension with Marathon Oil

    HOUSTON, Feb. 26, 2015 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) announced today that McJunkin Red Man Corporation, MRC Global's U.S. operating company, has executed a five-year extension to its current supply agreement with Marathon Oil Company. The agreement, which has been in place since 2009, provides for the supply of maintenance, repair and operations (MRO) materials, line pipe, OCTG and MRO/project services in the Eagle Ford and Bakken Shales, the Rocky Mountain region and the Gulf of Mexico. This agreement extension continues a long-standing relationship between the two companies that dates back more than 25 years. Marathon Oil is a leading Houston-based global exploration and production company with operations in North America, Europe and Africa.
    read full press release

  • MRC Global Announces Fourth Quarter And Annual 2014 Results

    Fourth quarter sales of $1.512 billion; Annual sales of $5.933 billion
    Fourth quarter diluted EPS of $0.30; Annual diluted EPS of $1.40
    Fourth quarter adjusted diluted EPS of $0.33; Annual adjusted diluted EPS of $1.57
    Fourth quarter adjusted EBITDA of $101.5 million; Annual adjusted EBITDA of $424.0 million


    HOUSTON, Feb. 19, 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 fourth quarter and annual 2014 results.


    The company's sales were $1.512 billion for the fourth quarter of 2014, which were 12.5% higher than the fourth quarter of 2013. Net income for the fourth quarter of 2014 was $31.2 million, or $0.30 per diluted share, compared to fourth quarter 2013 net income of $23.3 million, or $0.23 per diluted share.

    Adjusted diluted earnings per share (EPS) were $0.33 per diluted share for the fourth quarter of 2014 as compared to adjusted diluted EPS for the fourth quarter of 2013 of $0.32 per diluted share. Please refer to the reconciliation of adjusted net income (a non-GAAP measure) to net income (a GAAP measure) included in this release.
    read full press release

  • MRC Global Announces Third Quarter 2014 Results

    Sales of $1.618 billion
    Net income of $50 million
    Diluted EPS of $0.49 per share
    Adjusted diluted EPS of $0.54 per share
    Adjusted EBITDA of $132 million


    HOUSTON, Nov. 6, 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 third quarter 2014 results.


    The company's sales were $1.618 billion for the third quarter of 2014, which were 23% higher than the third quarter of 2013 and 8% higher than the second quarter of 2014. Net income for the third quarter of 2014 was $50 million, or $0.49 per diluted share, compared to third quarter 2013 net income of $39 million, or $0.38 per diluted share.
    read full press release

  • MRC Global to Present at the Robert W. Baird 2014 Industrial Conference

    HOUSTON, Oct. 31, 2014 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) announced today that Andrew Lane, MRC Global Chairman, President and Chief Executive Officer, is scheduled to present at the Robert W. Baird 2014 Industrial Conference on Wednesday, November 12 at 8:00 a.m. Central Time.

    A live audio webcast of the presentation and the accompanying slides will be available in the Investor Relations section of the Company's website at www.mrcglobal.com and will be archived there for approximately 90 days.

    Read the full press release

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

    HOUSTON, Sept. 24, 2014 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) announced today that it will release its third quarter 2014 results on Thursday, November 6, 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, November 7, 2014 at 10:00 a.m. Eastern / 9:00 a.m. Central.

  • MRC Global Announces Second Quarter 2014 Results

    Sales of $1,497 million
    Net income of $39 million
    Diluted EPS of $0.38 per share
    Adjusted diluted EPS of $0.42 per share
    Adjusted EBITDA of $106 million


    HOUSTON, July 31, 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 second quarter 2014 results.


    The company's sales were $1,497 million for the second quarter of 2014, which were 18% higher than the second quarter of 2013 and 15% higher than the first quarter of 2014. Net income for the second quarter of 2014 was $39.3 million, or $0.38 per diluted share, compared to second quarter 2013 net income of $43.9 million, or $0.43 per diluted share.
    read full press release

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

    HOUSTON, June 17, 2014 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) announced today that it will release its second quarter 2014 results on Thursday, July 31, 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, August 1, 2014 at 10:00 a.m. Eastern / 9:00 a.m. Central.

  • MRC Global Closes Hypteck Acquisition

    HOUSTON, June 10, 2014 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) announced today that its MRC Teamtrade subsidiary has closed the previously announced acquisition of Hypteck AS. Headquartered in Skotselv, Norway, Hypteck is a Norwegian provider of instrumentation and process control products to the offshore, marine and onshore industries with a focus on the Norwegian Continental Shelf (NCS).

  • MRC Global Acquires Valve Distributor in Singapore
    MRC Global Inc. (NYSE: MRC) announced today that MRC Global's Singapore subsidiary, MRC Transmark Pte. Ltd., has acquired MSD Engineering (Pte) Limited. Located in Singapore, MSD Engineering is a major distributor and regional service provider of valve and valve automation solutions to customers in Singapore, Brunei, China, Malaysia, Indonesia, Thailand, Vietnam and Taiwan. MSD Engineering had 2013 sales of $26 million, and will now operate as MRC MSD Engineering.
  • MRC Global to Acquire Hypteck in Norway
    MRC Global Inc. (NYSE: MRC) announced today that it has entered into a definitive agreement to acquire privately held Metron Holding AS, the parent holding company of Hypteck AS. Headquartered in Skotselv, Norway, Hypteck is a Norwegian provider of instrumentation and process control products to the offshore, marine and onshore industries with a focus on the Norwegian Continental Shelf (NCS). The company also provides instrumentation and process control system solutions to capital offshore projects around the world.