Press Releases

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]

HOUSTON, June 6, 2018 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) will release second quarter 2018 results on Wednesday, August 1, 2018 after the market closes. In conjunction with the release, the Company will host a conference call, which will be webcast, on Thursday, August 2, 2018 at 10:00 a.m. Eastern / 9:00 a.m. Central. [Read Full Press Release]

HOUSTON, May 22, 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 a repricing of its $399 million Term Loan B. [Read Full Press Release]

Sales of $1.010 billion

Net income attributable to common stockholders of $12 million

Diluted earnings per common share of $0.13

Adjusted EBITDA of $59 million

HOUSTON, May 2, 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 first quarter 2018 results. [Read Full Press Release]

Fourth Quarter 2017:

Sales of $903 million

Net income attributable to common stockholders of $29 million

Adjusted EBITDA of $43 million

Full Year 2017:

Sales of $3.646 billion

Net income attributable to common stockholders of $26 million

Adjusted EBITDA of $179 million

HOUSTON, February 15, 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 fourth quarter 2017 results. [Read Full Press Release]