The earnings call highlighted strong revenue growth and a positive outlook for key sectors like gas utilities, supported by a growing backlog and a share repurchase program. However, concerns about tariffs and potential risks in the PTI sector due to lower commodity prices were noted. Despite these challenges, the overall financial health and strategic initiatives suggest a positive trajectory.

Company Guidance

During the first quarter of 2025, MRC Global demonstrated strong financial performance with a 7% sequential increase in revenue, reaching $712 million, and an 8% rise in backlog to $603 million. The company's gas utilities sector, its largest end market, saw a 26% increase in backlog through April, while the PTI sector experienced a 28% growth in backlog. Adjusted gross profit margins remained robust at 21.5%, above the 21% target. The company generated $21 million in operating cash flow and aims for over $100 million in cash flow from operations in 2025. With a net debt leverage ratio of 1.7 times and $570 million in liquidity, MRC Global is well-positioned to execute its $125 million share repurchase program and pursue growth opportunities. Despite macroeconomic uncertainties, the company maintains its annual guidance for low to high single-digit revenue growth, supported by a strong backlog and sector performance.

Strong Revenue Growth

Revenue increased by 7% sequentially to $712 million, with growth in each end market sector. Gas utilities sector saw an 8% increase, DIET sector increased by 6%, and PTI sector grew by 8%.

Growing Backlog

Backlog increased 8% sequentially in the first quarter to $603 million, with a 23% growth in the US segment by the end of April.

Gas Utilities Resurgence

Gas utilities business experienced a 26% increase in backlog through the end of April, showing a strong recovery after challenging years.

Share Repurchase Program

$125 million share repurchase program initiated, reflecting confidence in financial strength and cash generation capabilities.

Improved Financial Metrics

Adjusted EBITDA of $36 million, representing 5.1% of sales, with expectations to exceed 6% in the second quarter.

MRC Global (MRC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MRC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	0.33 / -	0.22	―	―	―
Aug 06, 2025	2025 (Q2)	0.24 / 0.25	0.31	-19.35% (-0.06)		―
May 06, 2025	2025 (Q1)	0.08 / 0.14	0.2	-30.00% (-0.06)
Mar 14, 2025	2024 (Q4)	0.08 / -0.08	0.23	-134.78% (-0.31)
Nov 05, 2024	2024 (Q3)	0.19 / 0.22	0.32	-31.25% (-0.10)	―
Aug 06, 2024	2024 (Q2)	0.25 / 0.31	0.25	24.00% (+0.06)
May 08, 2024	2024 (Q1)	0.13 / 0.20	0.32	-37.50% (-0.12)
Feb 13, 2024	2023 (Q4)	0.12 / 0.23	0.32	-28.13% (-0.09)
Nov 07, 2023	2023 (Q3)	0.36 / 0.32	0.42	-23.81% (-0.10)
Aug 07, 2023	2023 (Q2)	0.38 / 0.25	0.27	-7.41% (-0.02)

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
Aug 06, 2025	$14.36	$13.38	-6.82%
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%

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 Nov 11, 2025, After Close (Confirmed).

What is Mrc Global Inc. (MRC) earnings time?

Mrc Global Inc. (MRC) earnings time is at Nov 11, 2025, After Close (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 (Q3) is 0.33.

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