Showing: 1-10 of 83
  • 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.

  • MRC Global Expands Regional Distribution Center in Nisku, AB

    NISKU, AB – May 15, 2014 – MRC Canada ULC, a subsidiary of MRC Global Inc. (NYSE: MRC), has significantly expanded its Regional Distribution Center (RDC) in Nisku, AB. The addition of approximately 67,000 ft2 (6,224 m2) gives the RDC a total of approximately 122,000 ft2 (11,334 m2) of warehouse space, 11,000 ft2 (1,021 m2) of office space, 21 acres of pipeyard space and a new valve automation center to support 45 MRC Global branches in Canada with pipe, valves and fittings as well as valve automation services.

  • MRC Global Announces First Quarter 2014 Results

    Sales of $1,306 million
    Net income of $24 million
    Diluted EPS of $0.23 per share
    Adjusted diluted EPS of $0.28 per share
    Adjusted EBITDA of $84 million


    HOUSTON, May 1, 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 first quarter 2014 results..


    The company's sales were $1,306 million for the first quarter of 2014, which are unchanged from the first quarter of 2013 and 3% lower than the fourth quarter of 2013. Net income for the first quarter of 2014 was $23.5 million, or $0.23 per diluted share, compared to a first quarter 2013 net income of $46.2 million, or $0.45 per diluted share.
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  • MRC Global Renews Lower 48 U.S. & Canada MRO Contracts with ConocoPhillips

    HOUSTON, April 29, 2014 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) announced today that its McJunkin Red Man Corporation subsidiary has signed a five-year contract naming it as supplier of maintenance, repair and operations (MRO) pipe, valve and fitting (PVF) products and services to ConocoPhillips Company's operations in the lower 48 U.S. states. In addition, MRC Canada ULC has entered into a multi-year agreement naming it as supplier of MRO PVF products and services to ConocoPhillips Canada Resources Corp. for its operations in Canada.

    "These contracts are the result of a strong relationship between our two companies that spans more than twenty years," Andrew Lane, MRC Global Chairman, President and CEO, said. "Our extensive network of locations, depth and breadth of product and the close relationships between our support staff in the field and ConocoPhillips' operations personnel set us apart from our competitors. I am proud that ConocoPhillips continues to place their trust in MRC Global. ConocoPhillips was MRC Global's fourth largest customer in 2013. With our recent acquisitions outside of North America, we are proud to also support ConocoPhillips in Norway and Australia."


    MRC Global currently services ConocoPhillips at more than 50 U.S. locations and more than 20 Canadian locations.


    About MRC Global Inc. 

    Headquartered in Houston, Texas, MRC Global, a Fortune 500 company, is the largest global distributor of pipe, valves, and fittings (PVF) and related products and services to the energy industry, based on sales, and supplies these products and services across each of the upstream, midstream and downstream sectors. More information about MRC Global can be found at www.mrcglobal.com.


    Contacts:

    Monica Schafer 

    Vice President Investor Relations 

    MRC Global Inc. 

    Monica.Schafer@mrcglobal.com 

    832-308-2847


    SOURCE MRC Global Inc.

  • 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.

    Read the full press release