MRC Global Inc.
Description
MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components; and valve modification services, including valve control extensions, welding, hydrotesting, painting, coating, x-raying, and actuation assembly. The company also provides carbon steel fittings and flanges comprising carbon weld fittings, flanges, and piping components; stainless steel, alloy and corrosion resistant pipes, tubing, fittings, and flanges; and carbon line pipes. In addition, it offers natural gas distribution products, including risers, meters, polyethylene pipes and fittings, and various other components and industrial supplies; oilfield and industrial supplies and completion equipment, such as high density polyethylene pipes, fittings, and rods; and specialized production equipment comprising tanks and separators. Further, the company provides various services under the ValidTorque and FastTrack names. Its products are used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions, including high pressure, high/low temperature, and high corrosive and abrasive environments. The company was formerly known as McJunkin Red Man Holding Corporation and changed its name to MRC Global Inc. in January 2012. MRC Global Inc. was founded in 1921 and is headquartered in Houston, Texas.
About
CEO
Mr. Robert James Saltiel Jr.
Employees
2,800
Instrument type
Common Stock
Sector
Energy
Industry
Oil & Gas Equipment & Services
MIC code
XNYS
Address
1301 McKinney Street, Houston, TX 77010, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 3, 2025 | — | — | — | — |
| Aug 4, 2025 | — | — | — | — |
| May 6, 2025 | — | — | — | — |
| Feb 11, 2025 | 0.13 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 3 | — | 3 |
| Average estimate | — | 0.22 | — | 1.07 |
| Low estimate | — | 0.20 | — | 1.05 |
| High estimate | — | 0.26 | — | 1.10 |
| Last year EPS | — | 0.20 | — | 0.80 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-66.670%
Next qtr. (Mar 2025)
10.000%
Current year
-29.500%
Next year (Dec 2025)
34.730%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 3.41B | 3.36B | 2.67B | 2.56B | 3.66B |
| Cost of revenue | 2.72B | 2.75B | 2.25B | 2.13B | 3.01B |
| Gross profit | 690.00M | 610.00M | 417.00M | 431.00M | 653.00M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 503.00M | 470.00M | 410.00M | 449.00M | 550.00M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 187.00M | 140.00M | 7.00M | -18.00M | 103.00M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 32.00M | 24.00M | 23.00M | 28.00M | 40.00M |
| Other income expense | -2.00M | -6.00M | 2.00M | -237.00M | 3.00M |
| Pretax income | 153.00M | 110.00M | -14.00M | -283.00M | 66.00M |
| Tax provision | 39.00M | 35.00M | — | -9.00M | 27.00M |
| Net income | 114.00M | 75.00M | -14.00M | -274.00M | 39.00M |
| Basic EPS | 1.07 | 0.61 | -0.46 | -3.63 | 0.18 |
| Diluted EPS | 1.05 | 0.60 | -0.46 | -3.63 | 0.18 |
| Basic average shares | 84.20M | 83.50M | 82.50M | 82.00M | 83.00M |
| Diluted average shares | 84.20M | 83.50M | 82.50M | 82.00M | 83.00M |
| EBITDA | 225.00M | 173.00M | 52.00M | 33.00M | 169.00M |
| Net income from continuing op. | 114.00M | 75.00M | -14.00M | -274.00M | 39.00M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 1.89B | 1.90B | 1.67B | 1.78B | 2.33B |
| Current assets | |||||
| Cash | 131.00M | 32.00M | 48.00M | 119.00M | 32.00M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 131.00M | 32.00M | 48.00M | 119.00M | 32.00M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 430.00M | 501.00M | 379.00M | 319.00M | 459.00M |
| Other receivables | — | — | — | — | — |
| Inventory | 560.00M | 578.00M | 453.00M | 509.00M | 701.00M |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 34.00M | 31.00M | 19.00M | 19.00M | 26.00M |
| Non current assets | |||||
| Properties | 205.00M | 202.00M | 191.00M | 200.00M | 186.00M |
| Land and improvements | 2.00M | 2.00M | 2.00M | 3.00M | 12.00M |
| Machinery furniture equipment | 209.00M | 199.00M | 196.00M | 192.00M | 211.00M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -179.00M | -161.00M | -149.00M | -137.00M | -155.00M |
| Goodwill | 691.00M | 711.00M | 732.00M | 757.00M | 1.25B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 163.00M | 183.00M | 204.00M | 229.00M | 281.00M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 21.00M | 22.00M | 22.00M | 19.00M | 19.00M |
| Total liabilities | 1.04B | 1.15B | 993.00M | 1.08B | 1.33B |
| Current liabilities | |||||
| Accounts payable | 355.00M | 410.00M | 321.00M | 264.00M | 357.00M |
| Accrued expenses | 102.00M | 115.00M | 80.00M | 94.00M | 91.00M |
| Short term debt | 326.00M | 39.00M | 35.00M | 41.00M | 38.00M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 195.00M | 519.00M | 472.00M | 566.00M | 714.00M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 45.00M | 49.00M | 53.00M | 70.00M | 91.00M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 20.00M | 22.00M | 32.00M | 41.00M | 37.00M |
| Shareholders equity | |||||
| Common stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Retained earnings | -678.00M | -768.00M | -819.00M | -781.00M | -483.00M |
| Other shareholders equity | -228.00M | -230.00M | -231.00M | -234.00M | -232.00M |
| Total shareholders equity | 843.00M | 741.00M | 678.00M | 705.00M | 997.00M |
| Additional paid in capital | 1.77B | 1.76B | 1.75B | 1.74B | 1.73B |
| Treasury stock | 375.00M | 375.00M | 375.00M | 375.00M | 375.00M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Net Income | 114.00M | 75.00M | -14.00M | -274.00M | 39.00M | 74.00M | 50.00M | -83.00M | -331.00M | 144.00M | 152.10M | 117.96M | 28.98M | -51.82M | — |
| Depreciation | 40.00M | 39.00M | 43.00M | 46.00M | 63.00M | 68.00M | 67.00M | 69.00M | 81.00M | 90.00M | 74.41M | 68.05M | 67.70M | 70.43M | 61.09M |
| Deferred Taxes | -7.00M | -7.00M | -15.00M | -21.00M | -5.00M | -9.00M | -78.00M | -23.00M | -87.00M | -34.00M | -19.82M | -20.43M | -16.36M | 2.67M | -49.24M |
| Stock-Based Compensation | 14.00M | 13.00M | 12.00M | 12.00M | 16.00M | 14.00M | 16.00M | 12.00M | 10.00M | 9.00M | 15.49M | 8.48M | 8.39M | 3.74M | 7.83M |
| Other Non-Cash Items | 7.00M | 4.00M | 1.00M | 58.00M | 11.00M | 11.00M | 19.00M | 58.00M | 16.00M | 13.00M | 9.78M | 18.19M | 24.54M | 12.42M | -418.40M |
| Accounts Receivable | 72.00M | -128.00M | -61.00M | 141.00M | 127.00M | -74.00M | -118.00M | 128.00M | 412.00M | -132.00M | 2.07M | 22.40M | -177.74M | -83.65M | 311.61M |
| Accounts Payable | -58.00M | 90.00M | 60.00M | -98.00M | -79.00M | 27.00M | 93.00M | -13.00M | -198.00M | -30.00M | 117.32M | -84.38M | 36.55M | 85.07M | -193.83M |
| Other Assets & Liabilities | 13.00M | -205.00M | -29.00M | 180.00M | 103.00M | -105.00M | -132.00M | 103.00M | 372.00M | -195.00M | -24.44M | 10.48M | -195.85M | 17.14M | 512.50M |
| Operating Cash Flow | 195.00M | -119.00M | -3.00M | 44.00M | 275.00M | 6.00M | -83.00M | 251.00M | 275.00M | -135.00M | 326.90M | 140.74M | -223.80M | 56.01M | 231.58M |
| Investing Activities | |||||||||||||||
| Capital Expenditures | -14.00M | -11.00M | -7.00M | 19.00M | -17.00M | -14.00M | -27.00M | -32.00M | -38.00M | -19.00M | -17.49M | -23.92M | -14.97M | -11.25M | -10.18M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | 48.00M | — | -344.00M | -46.79M | -152.37M | -39.87M | -12.39M | -55.49M |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -14.00M | -11.00M | -7.00M | 19.00M | -16.00M | -14.00M | -27.00M | 16.00M | -41.00M | -362.00M | -69.41M | -183.04M | -44.24M | -19.59M | -66.94M |
| Financing Activities | |||||||||||||||
| Long-Term Debt Issuance | — | — | — | 658.00M | 1.02B | 1.28B | 825.00M | 41.00M | 670.00M | 1.98B | 1.89B | 3.22B | 2.39B | 47.90M | 975.33M |
| Long-Term Debt Payments | -885.00M | -781.00M | -476.00M | -819.00M | -1.15B | -1.12B | -696.00M | -41.00M | -1.34B | -1.50B | -2.15B | -3.56B | -2.24B | -141.90M | -997.36M |
| Other Financing Charges | -1.00M | -2.00M | -3.00M | -6.00M | -4.00M | -5.00M | -26.00M | -108.00M | -259.00M | -12.00M | -6.30M | -52.49M | -9.84M | -4.19M | -26.38M |
| Financing Cash Flow | -949.00M | -764.00M | -507.00M | -356.00M | -367.00M | 3.00M | 8.00M | -227.00M | -599.00M | 464.00M | -268.28M | -61.17M | 140.59M | -240.09M | -393.85M |
| Other Cash Details | |||||||||||||||
| End Cash Position | 131.00M | 32.00M | 48.00M | 119.00M | 32.00M | 43.00M | 48.00M | 109.00M | 69.00M | 25.00M | 25.19M | 37.09M | 46.13M | 56.20M | 56.24M |
| Income Tax Paid | 55.00M | 35.00M | 15.00M | 3.00M | 34.00M | 39.00M | 35.00M | 11.00M | 90.00M | 103.00M | 110.10M | 96.53M | 1.05M | 10.25M | 112.62M |
| Interest Paid | 33.00M | 21.00M | 21.00M | 27.00M | 39.00M | 37.00M | 27.00M | 30.00M | 43.00M | 57.00M | 55.48M | 104.85M | 124.04M | 125.42M | 78.40M |
| Free Cash Flow | 166.00M | -31.00M | 46.00M | 250.00M | 224.00M | -31.00M | -78.00M | 220.00M | 651.00M | -126.00M | 301.52M | 213.88M | -120.95M | 98.40M | 488.79M |
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