MRC Global Sells Canadian Operations to Emco Corporation

Story Highlights
  • MRC Global sold its Canadian operations to focus on high-growth geographies.
  • The company is optimistic about 2025 growth, driven by strategic initiatives and market improvements.
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MRC Global Sells Canadian Operations to Emco Corporation

MRC Global ( (MRC) ) just unveiled an announcement.

On March 14, 2025, MRC Global Inc. announced the sale of its Canadian operations to Emco Corporation, aiming to focus on geographies with stronger revenue growth and profit potential. The company reported significant strategic accomplishments in 2024, including simplifying its capital structure, initiating a share buyback program, and maintaining strong international growth, despite challenges in the US segment. The company is optimistic about returning to growth in 2025, driven by improvements in its gas utilities business, a favorable inflationary environment, and strong midstream natural gas prospects.

More about MRC Global

MRC Global Inc. operates in the industrial distribution sector, primarily providing pipe, valve, and fitting products and services to the energy and industrial sectors. The company focuses on maintaining strong relationships with key customers and expanding its presence in select international markets.

YTD Price Performance: -9.38%

Average Trading Volume: 716,203

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $980.3M

For an in-depth examination of MRC stock, go to TipRanks’ Stock Analysis page.

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