OverviewSuggest Edit

MRC Global is a distributor of pipe, valves, and fitting products and services to the energy industry. The Company provides a range of services, including product testing, manufacturer assessments, daily deliveries, volume purchasing, inventory and zone store management and warehousing, technical support, training, just-in-time delivery, truck stocking, order consolidation. It also offers product tagging and system interfaces customized to customer and supplier specifications for tracking and replenishing inventory, engineering of control packages, and valve inspection and repair.

TypePublic
Founded1921
HQHouston, US
Websitemrcglobal.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Mar 2019)3,773(+7%)
Job Openings42
Revenue (FY, 2018)$4.2 B(+15%)
Share Price (Jun 2019)$15.9 (+2%)

Key People/Management at MRC Global

Andrew Lane

Andrew Lane

President, CEO
James Braun

James Braun

Executive VP, CFO
Daniel Churay

Daniel Churay

Executive VP Corporate Affairs, General Counsel and Corporate Secretary
Grant Bates

Grant Bates

Senior Vice President, International and Operational Excellence
John Bowhay

John Bowhay

Senior VP Supply Chain Management, Valve and Technical Product Sales
Tod Moss

Tod Moss

Senior VP Operations
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MRC Global Office Locations

MRC Global has offices in Houston, Atyrau, Hokksund, Hasselroth and in 16 other locations
Houston, US (HQ)
Fulbright Tower, 1301 McKinney St #2300
Atyrau, US
56B, Satpayev St
Unanderra, AU
224 Berkeley Rd
Sint-Agatha-Berchem, BE
Basilieklaan 106
Anzac, CA
105 Oak Ct
Shanghai, CN
2218 Huang Xing Lu, WuJiaoChang, Yangpu Qu
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MRC Global Financials and Metrics

MRC Global Revenue

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MRC Global's revenue was reported to be $4.17 b in FY, 2018 which is a 14.4% increase from the previous period.
USD

Revenue (Q2, 2019)

984.0m

Gross profit (Q2, 2019)

174.0m

Gross profit margin (Q2, 2019), %

17.7%

Net income (Q2, 2019)

24.0m

EBIT (Q2, 2019)

41.0m

Market capitalization (10-Jun-2019)

1.3b

Closing stock price (10-Jun-2019)

15.9

Cash (30-Jun-2019)

35.0m

EV

2.0b
MRC Global's current market capitalization is $1.3 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

3.0b3.6b4.2b

Revenue growth, %

(33%)20%14%

Cost of goods sold

2.6b3.1b3.5b

Gross profit

468.0m582.0m689.0m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q2, 2019

Revenue

783.0m746.0m793.0m862.0m922.0m959.0m1.0b1.1b1.1b984.0m

Cost of goods sold

650.0m621.0m705.0m722.0m773.0m807.0m841.0m905.0m899.0m810.0m

Gross profit

133.0m125.0m88.0m140.0m149.0m152.0m169.0m177.0m172.0m174.0m

Gross profit Margin, %

17%17%11%16%16%16%17%16%16%18%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

109.0m48.0m43.0m

Accounts Receivable

399.0m522.0m587.0m

Inventories

561.0m701.0m797.0m

Current Assets

1.1b1.3b1.5b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q2, 2019

Cash

121.0m167.0m213.0m93.0m37.0m40.0m45.0m31.0m29.0m35.0m

Accounts Receivable

470.0m430.0m448.0m476.0m522.0m578.0m621.0m676.0m674.0m627.0m

Inventories

720.0m689.0m581.0m567.0m592.0m649.0m811.0m872.0m849.0m798.0m

Current Assets

1.3b1.3b1.3b1.2b1.2b1.3b1.5b1.6b1.6b1.5b
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

(83.0m)50.0m74.0m

Depreciation and Amortization

69.0m67.0m68.0m

Inventories

141.0m(168.0m)(175.0m)

Accounts Payable

(13.0m)93.0m27.0m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q2, 2019

Net Income

(8.0m)(17.0m)(40.0m)6.0m12.0m15.0m18.0m40.0m64.0m42.0m

Depreciation and Amortization

11.0m16.0m6.0m12.0m17.0m11.0m

Inventories

(33.0m)(100.0m)(117.0m)(201.0m)(206.0m)

Accounts Payable

309.0m320.0m344.0m390.0m68.0m127.0m106.0m116.0m58.0m2.0m
USDY, 2019

EV/EBIT

45 x

Financial Leverage

3.9 x
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MRC Global Operating Metrics

MRC Global's Backlog was reported to be $638m in FY, 2018. MRC Global's Enterprise Customers was reported to be 15 k in FY, 2018.
FY, 2016FY, 2017FY, 2018

Enterprise Customers

17 k16 k15 k

Stock Keeping Units

230 k170 k200 k

Suppliers

12 k11 k

Backlog

$749 m$832 m$638 m
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MRC Global Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
HypteckJune 10, 2014
MSD EngineeringMay 29, 2014
Flangefitt StainlessDecember 10, 2013
Stream ASDecember 10, 2013
OneSteel Piping SystemsMarch 05, 2012
The South Texas Supply Company, Inc.May 28, 2010
Transmark Fcx GroupSeptember 11, 2009
LaBarge Pipe & SteelOctober 09, 2008
Greenbrier Petroleum Corporation
McJunkin de Angola, LDA
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MRC Global Revenue Breakdown

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MRC Global revenue breakdown by business segment: 30.8% from Upstream, 40.2% from Midstream and 29.0% from Downstream

MRC Global revenue breakdown by geographic segment: 79.6% from U.S., 7.6% from Canada and 12.8% from International

MRC Global Online and Social Media Presence

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MRC Global News and Updates

MRC Global Announces Second Quarter 2019 Results; CFO Announces Retirement Plans

HOUSTON, Aug. 1, 2019 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings and related products and services to the energy industry, today announced second quarter 2019 results. The company's sales were $984 million for...

MRC Global Announces 2019 Second Quarter Earnings Release and Conference Call Schedule

HOUSTON, June 6, 2019 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) will release 2019 second quarter results on Thursday, August 1, 2019 after the market closes. In conjunction with the release, the Company will host a conference call, which will be webcast, on Friday, August 2, 2019 at...

MRC Global Announces First Quarter Earnings Release and Conference Call Schedule

HOUSTON, March 7, 2019 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) will release first quarter 2019 results on Thursday, May 2, 2019 after the market closes. In conjunction with the release, the Company will host a conference call, which will be webcast, on Friday, May 3, 2019 at 10:00 a.m....

MRC Global Announces Fourth Quarter and Full Year 2018 Earnings Release and Conference Call Schedule

HOUSTON, Jan. 4, 2019 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) will release fourth quarter and full year 2018 results on Thursday, February 14, 2019 after the market closes. In conjunction with the release, the Company will host a conference call, which will be webcast, on Friday,...

MRC Global Announces Third Quarter 2018 Results and $150 Million Share Repurchase Program

HOUSTON, Oct. 31, 2018 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings and related products and services to the energy industry, today announced third quarter 2018 results. The company's sales were $1.07 billion for ...

MRC Global Announces Third Quarter 2018 Earnings Release and Conference Call Schedule

HOUSTON, Sept. 6, 2018 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) will release third quarter 2018 results on Wednesday, October 31, 2018 after the market closes. In conjunction with the release, the Company will host a conference call, which will be webcast, on Thursday, November 1, 2018 ...
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MRC Global Frequently Asked Questions

  • When was MRC Global founded?

    MRC Global was founded in 1921.

  • Who are MRC Global key executives?

    MRC Global's key executives are Andrew Lane, James Braun and Daniel Churay.

  • How many employees does MRC Global have?

    MRC Global has 3,773 employees.

  • What is MRC Global revenue?

    Latest MRC Global annual revenue is $4.2 b.

  • What is MRC Global revenue per employee?

    Latest MRC Global revenue per employee is $1.1 m.

  • Who are MRC Global competitors?

    Competitors of MRC Global include DistributionNOW, Metso and Swagelok.

  • Where is MRC Global headquarters?

    MRC Global headquarters is located at Fulbright Tower, 1301 McKinney St #2300, Houston.

  • Where are MRC Global offices?

    MRC Global has offices in Houston, Atyrau, Hokksund, Hasselroth and in 16 other locations.

  • How many offices does MRC Global have?

    MRC Global has 20 offices.