Summary
MRC Chart
MRC Global Q2 Earnings & Revenues Beat Estimates, Decrease Y/Y
MRC posted a Q2 earnings beat and modest revenue decline, but margin pressure and DIET sector weakness weighed on results.
MRC Global (MRC) Tops Q2 Earnings and Revenue Estimates
MRC Global (MRC) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.31 per share a year ago.
MRC (MRC) Is a Great Choice for 'Trend' Investors, Here's Why
MRC (MRC) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
MRC Global Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| VT Vincent Tortorella Point72 (DIFC) Ltd | 8,571 | $123,594 | $123,594 | - | - |
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MRC Global Inc. Profile
| - Industry | - Sector | Robert James Saltiel Jr. CEO | NYSE Exchange | 55345K103 CUSIP |
| US Country | 2,500 Employees | - Last Dividend | - Last Split | 12 Apr 2012 IPO Date |
Overview
MRC Global Inc. operates as a global distributor of pipes, valves, fittings, and other essential infrastructure products and services across the United States, Canada, and various international locations. With a product portfolio focused on meeting the stringent requirements of extreme operating conditions, such as high pressure and high or low temperatures, MRC Global ensures reliability and durability in harsh environments. Initially established in 1921 and previously known as McJunkin Red Man Holding Corporation, the company adopted its current name, MRC Global Inc., in January 2012. Its headquarters are situated in Houston, Texas, affirming its strong presence in one of the world's most vital energy hubs.
Products and Services
- Valves: The company supplies a variety of valves, including ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves. These components are essential for controlling the flow of liquids and gases in piping systems.
- Corrosion Resistant Piping Systems: MRC Global offers lined corrosion resistant piping systems to avoid the deterioration caused by aggressive environments, enhancing the longevity of the infrastructure.
- Control Valves and Automation: They provide solutions for valve automation and control, including the necessary top work components, aiming to optimize the operational efficiency of industrial and energy processes.
- Valve Modification Services: Specialized services such as valve control extensions, welding, hydrotesting, painting, coating, x-raying, and actuation assembly are available to cater to custom operational requirements.
- Carbon Steel Fittings and Flanges: The company's offerings include carbon weld fittings, flanges, and other pivotal piping components, which are critical for creating secure and durable pipe connections.
- Stainless Steel and Alloy Products: MRC Global distributes stainless steel, alloy, and corrosion resistant pipes, tubing, fittings, and flanges to tackle challenging industrial applications.
- Carbon Line Pipes: They supply carbon line pipes, which are fundamental for the transportation of oil, gas, and water across considerable distances.
- Natural Gas Distribution Products: This category encompasses risers, meters, polyethylene pipes and fittings, along with various other components and industrial supplies essential for the safe and efficient distribution of natural gas.
- Oilfield and Industrial Supplies: The offering includes high-density polyethylene pipes, fittings, rods, and specialized production equipment like tanks and separators, catering specifically to the oilfield and broader industrial sectors.
- ValidTorque and FastTrack Services: MRC Global provides specialized services under these names, focusing on the construction, maintenance, repair, and overhaul of equipment used under extreme conditions.
