Last $24.96 USD
Change Today +0.04 / 0.16%
Volume 300.8K
MRC On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 10:40 AM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

mrc global inc (MRC) Snapshot

Open
$24.92
Previous Close
$24.92
Day High
$25.19
Day Low
$24.90
52 Week High
12/18/13 - $32.70
52 Week Low
08/19/14 - $24.11
Market Cap
2.5B
Average Volume 10 Days
741.5K
EPS TTM
$1.37
Shares Outstanding
102.0M
EX-Date
--
P/E TM
18.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for MRC GLOBAL INC (MRC)

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mrc global inc (MRC) Details

MRC Global Inc. distributes pipes, valves, and fittings (PVF), and related products and services to the energy industry worldwide. The company offers valve products comprising ball, butterfly, gate, globe, check, needle, and plug valves; and specialty products, including lined corrosion resistant piping systems, control valves, valve automation, and top work components; and steam and instrumentation products. It also provides carbon steel fittings and flanges consisting of carbon weld fittings, flanges, and piping components; alloy pipes and fittings; carbon line pipes; and oil country tubular goods, including casings and tubing pipes. In addition, the company 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; and specialized production equipment, including meter runs, tanks, and separators. Further, it provides various services, including multiple deliveries, zone store management, valve tagging, and system interfaces. The company’s products are used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions, such as high pressure, high/low temperature, and high corrosive and abrasive environments. It serves customers in upstream, midstream, and downstream sectors of the energy industry, as well as other industrial and energy sectors. The company was formerly known as McJunkin Red Man Holding Corporation. MRC Global Inc. was founded in 1921 and is headquartered in Houston, Texas.

5,224 Employees
Last Reported Date: 02/21/14
Founded in 2006

mrc global inc (MRC) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $850.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $450.0K
Executive Vice President of Supply Chain Mana...
Total Annual Compensation: $397.5K
Executive Vice President of International Ope...
Total Annual Compensation: $397.5K
Executive Vice President of Corporate Affairs...
Total Annual Compensation: $375.0K
Compensation as of Fiscal Year 2013.

mrc global inc (MRC) Key Developments

MRC Global Inc. Announces Management Changes

MRC Global Inc. announced that as part of an initiative to further streamline the management structure of the company as well as to address orderly succession planning for senior management, effective as of September 1, 2014, the company has elected the following officers, who will report directly to Andrew Lane, Chairman, President and Chief Executive Officer of the company: Steinar Aasland, Senior Vice President, Europe Region; John Bowhay, Senior Vice President, Asia Pacific & Middle East Region; Jim Dionisio, Senior Vice President, Supply Chain Management - Energy Tubular Products; Scott Hutchinson, Senior Vice President, North America Operations; Rory Isaac, Senior Vice President, Business Development; Gary Ittner, Senior Vice President, Supply Chain Management - Valves, Fittings, Flanges, Alloys & Oilfield Supply James Braun, Executive Vice President and Chief Financial Officer, and Daniel Churay, Executive Vice President - Corporate Affairs, General Counsel & Corporate Secretary, will continue to report to Andrew Lane. Pursuant to their respective employment agreements, each of Alan Colonna and Messrs. Isaac and Ittner have the option to resign from service with the Company for Good Reason due to the elimination of their respective positions of Executive Vice President - Business Development and U.S. Operations, Executive Vice President - International Operations and Executive Vice President - Supply Chain Management and their assignment to positions with reduced responsibilities. Mr. Colonna has decided to resign effective as of August 31, 2014.

MRC Global Seeks Acquisitions

MRC Global Inc. (NYSE:MRC) is seeking acquisitions. Andrew Lane, Chairman, President and Chief Executive Officer of MRC Global, said, "We continue to evaluate and pursue potential acquisitions with a focus on international bolt-on acquisitions as part of our strategy."

MRC Global Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014

MRC Global Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported sales of $1,497,295,000 against $1,267,778,000 a year ago. Operating income was $74,135,000 against $89,958,000 a year ago. Income before income taxes was $60,101,000 against $63,085,000 a year ago. Net income was $39,300,000 or $0.38 per diluted share against $43,852,000 or $0.43 per diluted share a year ago. Adjusted net income was $42,918,000 or 0.42 income per share. Adjusted EBITDA was $106.2 million against $98.9 million a year ago. For the six months, the company reported sales of $2,802,974,000 against $2,572,878,000 a year ago. Operating income was $134,878,000 against $175,772,000 a year ago. Income before income taxes was $96,823,000 against $134,280,000 a year ago. Net income was $62,820,000 or $0.61 per diluted share against $90,035,000 or $0.88 per diluted share a year ago. Net cash used in operations was $51,854,000 against net cash provided by operations of $181,900,000 a year ago. Purchases of property, plant and equipment was $4,586,000 against $10,642,000 a year ago. Adjusted net income was $71,450,000 or 0.70 income per share. Adjusted EBITDA was $190.2 million against $202.7 million a year ago. For the year 2014, the company expects sales to be in the range of $5.7 billion to $5.9 billion. Adjusted EBITDA to be in the range of $400 million to $430 million. Tax rate to be in the range of 35% to 36%. Capital expenditures to be in the range of $20 million to $25 million. Cash flow from operations to be in the range of $75 million to $100 million.

 

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Price/Earnings 20.5x
Price/Sales 0.5x
Price/Book 1.8x
Price/Cash Flow 20.4x
TEV/Sales 0.2x
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