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Mrc Global Inc. (MRC)
NYSE:MRC
Earnings Data
Report Date
Aug 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.24Last Year’s EPS
0.31Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 4.34%
|Next Earnings Date:Aug 11, 2025
Earnings Call Sentiment|Neutral
MRC Global's first quarter 2025 results showed strong sequential revenue growth and an increase in backlog, supported by a resurgence in the gas utilities sector and a share repurchase program. However, the potential negative impacts of tariffs and a year-over-year revenue decline pose challenges. The overall outlook remains cautiously optimistic, with a focus on managing risks and leveraging growth opportunities.Company Guidance
During MRC Global's first quarter 2025 earnings call, the company highlighted several key metrics and strategic developments that underscore its strong start to the year. Revenue increased by 7% sequentially to $712 million, driven by growth across all end market sectors, including an 8% increase in the gas utilities sector. The company's backlog rose by 8% in the first quarter to $603 million, with the US segment experiencing a 23% increase by the end of April. Adjusted gross profit margins stood at 21.5%, exceeding the 21% target, and adjusted EBITDA was reported at $36 million, representing 5.1% of sales. MRC Global also generated $21 million in operating cash flow from continuing operations and maintained a net working capital percentage of sales at 11.7%. The company is on track to generate over $100 million in cash flow from operations in 2025. Additionally, MRC Global has commenced its $125 million share repurchase program, reflecting confidence in its financial strength and growth prospects.Strong Revenue Growth
Revenue increased by 7% sequentially to $712 million, with growth in each of our end market sectors. Gas utilities led this growth, achieving a significant resurgence after several challenging years.
Backlog Growth
Backlog increased 8% sequentially in the first quarter to $603 million, with a notable 23% growth in the US segment by the end of April.
Share Repurchase Program
Initiated a $125 million share repurchase program, reflecting confidence in the company's financial strength and future cash generation capabilities.
Strong Cash Flow and Liquidity
Generated $21 million of operating cash flow from continuing operations, with a strong liquidity of $570 million and a net debt leverage ratio of 1.7 times.
Resurgence in Gas Utilities Business
Gas utilities backlog increased by 26% by the end of April, marking the highest backlog in three quarters, and indicating a return to growth trajectory.
MRC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | $12.21 | $11.47 | -6.06% |
Mar 14, 2025 | $11.11 | $11.50 | +3.51% |
Nov 05, 2024 | $12.60 | $14.44 | +14.60% |
Aug 06, 2024 | $13.18 | $12.50 | -5.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Mrc Global Inc. (MRC) report earnings?
Mrc Global Inc. (MRC) is schdueled to report earning on Aug 11, 2025, TBA Not Confirmed.
What is Mrc Global Inc. (MRC) earnings time?
Mrc Global Inc. (MRC) earnings time is at Aug 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MRC EPS forecast?
MRC EPS forecast for the fiscal quarter 2025 (Q2) is 0.24.