The latest announcement is out from MRC Global ( (MRC) ).
On April 16, 2025, MRC Global announced its preliminary financial results for the first quarter of 2025, reporting a 7% sequential increase in revenue to approximately $710 million. The company also noted a net income from continuing operations of around $7 million and an adjusted EBITDA of about $35 million. The US segment was a significant contributor to the revenue increase, with notable growth in the DIET, Gas Utilities, and PTI sectors. MRC Global’s President and CEO, Rob Saltiel, expressed optimism for continued revenue growth in the second quarter, supported by a growing US backlog. The company also plans to execute a $125 million share repurchase program, despite potential global economic headwinds.
Spark’s Take on MRC Stock
According to Spark, TipRanks’ AI Analyst, MRC is a Neutral.
MRC Global’s overall score reflects a blend of strong cash flow management and strategic corporate actions, tempered by high leverage and weak technical indicators. The company’s strategic initiatives and solid cash flow are key strengths, while revenue decline and high valuation pose risks.
To see Spark’s full report on MRC stock, click here.
More about MRC Global
Headquartered in Houston, Texas, MRC Global is a leading global distributor of pipe, valves, fittings, and other infrastructure products and services. It serves diversified end-markets including gas utilities, downstream, industrial and energy transition, and production and transmission infrastructure sectors. With over 100 years of experience, MRC Global offers innovative supply chain solutions and technical product expertise from a worldwide network of approximately 200 locations.
YTD Price Performance: -19.31%
Average Trading Volume: 804,814
Technical Sentiment Signal: Buy
Current Market Cap: $880.6M
See more insights into MRC stock on TipRanks’ Stock Analysis page.