Press Releases

HOUSTON, September 27, 2019 -- MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings and related products and services to the energy industry, today announced Kelly Youngblood is joining MRC Global, effective November 18, 2019. Mr. Youngblood will initially hold the title of Executive Vice President until the retirement of James E. Braun, Executive Vice President and Chief Financial Officer (CFO), on March 1, 2020, at which time, Mr. Youngblood will assume the role of Executive Vice President and CFO. [Read Full Press Release]

HOUSTON, Aug. 1, 2019 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings and related products and services to the energy industry, today announced second quarter 2019 results. [Read Full Press Release]

HOUSTON, July 22, 2019 /PRNewswire/ -- This month, MRC Global Inc. (NYSE: MRC) introduced MRCGO™, an end-to-end digital supply chain solution for pipe, valve and fitting (PVF) purchases. MRCGO, or MRC Global Online, allows customers to search, shop, track, expedite and connect with live support— all from a single platform. [Read Full Press Release]

HOUSTON, May 2, 2019 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings and related products and services to the energy industry, today announced first quarter 2019 results. [Read Full Press Release]

MRC Global Repurchased $125 million of Common Stock in 2018 including $75 million in the Fourth Quarter

Fourth Quarter 2018:

Sales of $1.009 billion

Net income attributable to common stockholders of $4 million

Adjusted EBITDA of $63 million

Full Year 2018:

Sales of $4.172 billion

Net income attributable to common stockholders of $50 million

Adjusted EBITDA of $280 million

HOUSTON, February 14, 2019 /PRNewswire/ -- – MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings and related products and services to the energy industry, today announced fourth quarter and full year 2018 results. [Read Full Press Release]

HOUSTON, January 4, 2019 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) will release fourth quarter and full year 2018 results on Thursday, February 14, 2019 after the market closes. In conjunction with the release, the Company will host a conference call, which will be webcast, on Friday, February 15, 2019 at 10:00 a.m. Eastern / 9:00 a.m. Central [Read Full Press Release]

Sales of $1.07 billion

Net income attributable to common stockholders of $18 million

Diluted earnings per common share of $0.20

Adjusted EBITDA of $80 million

HOUSTON, October 31, 2018 /PRNewswire/ -- – MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings and related products and services to the energy industry, today announced third quarter 2018 results. [Read Full Press Release]

HOUSTON, September 6, 2018 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) will release third quarter 2018 results on Wednesday, October 31, 2018 after the market closes. In conjunction with the release, the Company will host a conference call, which will be webcast, on Thursday, November 1, 2018 at 10:00 a.m. Eastern / 9:00 a.m. Central. [Read Full Press Release]

Sales of $1.08 billion

Net income attributable to common stockholders of $16 million

Diluted earnings per common share of $0.17

Adjusted EBITDA of $78 million

HOUSTON, August 1, 2018 /PRNewswire/ -- – MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings and related products and services to the energy industry, today announced second quarter 2018 results. [Read Full Press Release]

HOUSTON, June 11, 2018 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) announced today that Henry Cornell has joined its board of directors.

Mr. Cornell is the founder and senior partner of Cornell Capital LLC, a private investment firm based in New York and Asia that currently manages over $2.2 billion of assets. In June 2015, an affiliate of Cornell Capital invested $363 million in MRC Global through a preferred stock financing. Pursuant to the terms of that preferred stock transaction, the holder of the preferred stock has designated Mr. Cornell as a director to the company's board of directors. Mr. Cornell was then elected by the company's board of directors. [Read Full Press Release]