MRC Global reports Q2 adjusted EPS 25c, consensus 24c

Reports Q2 revenue $798M, consensus $784.77M. Rob Saltiel, MRC Global’s (MRC) President and CEO, stated, “We delivered a strong second quarter, with revenue rising 12% from the first quarter of 2025, at the top of our previous guidance range. All sectors contributed to the sequential revenue increase, led by PTI with 26% sales growth due to robust project activity across both the U.S. and international markets. Our Gas Utilities business continued its rebound with 10% sequential revenue growth, fueled by increased construction projects. Adjusted EBITDA surged 50% sequentially, with margins expanding 170 basis points, reflecting strong operating leverage. We also returned $15 million to shareholders through strategic share repurchases at an average price of $12.35 per share.”