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 Ratings3.4

Latest Updates

Employees (est.) (Jun 2020)2,847(-9%)
Job Openings19
Revenue (FY, 2019)$3.7 B(-12%)
Share Price (Sept 2020)$5.6 (-6%)
Cybersecurity ratingBMore

Key People/Management at MRC Global

Rhys J. Best

Rhys J. Best

Non-Executive Chairman
Andrew R. Lane

Andrew R. Lane

President & CEO, Director
Henry Cornell

Henry Cornell

Director
Daniel J. Churay

Daniel J. Churay

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

Grant Bates

Senior VP Canada, International & Operational Excellence
John Bowhay

John Bowhay

Senior VP Supply Chain Management, Valve and Technical Product Sales
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MRC Global Office Locations

MRC Global has offices in Houston, Andrews, Ardmore, Atyrau and in 82 other locations
Houston, US (HQ)
Fulbright Tower, 1301 McKinney St #2300
Andrews, US
1821 W Broadway St
Ardmore, US
2 Industrial Dr #621
Atyrau, US
56B, Satpayev St
Big Lake, US
625 Colorado Avenue
Big Spring, US
1401 W Interstate 20
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MRC Global Financials and Metrics

MRC Global Revenue

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MRC Global's revenue was reported to be $3.66 b in FY, 2019
USD

Revenue (Q2, 2020)

602.0m

Gross profit (Q2, 2020)

79.0m

Gross profit margin (Q2, 2020), %

13.1%

Net income (Q2, 2020)

(281.0m)

EBIT (Q2, 2020)

(289.0m)

Market capitalization (21-Sept-2020)

457.9m

Closing stock price (21-Sept-2020)

5.6

Cash (30-Jun-2020)

19.0m

EV

1.1b
MRC Global's current market capitalization is $457.9 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

3.0b3.6b4.2b3.7b

Revenue growth, %

(33%)20%14%

Cost of goods sold

2.6b3.1b3.5b3.0b

Gross profit

468.0m582.0m689.0m653.0m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

862.0m922.0m959.0m1.0b1.1b1.1b970.0m984.0m942.0m794.0m602.0m

Cost of goods sold

722.0m773.0m807.0m841.0m905.0m899.0m796.0m810.0m768.0m646.0m523.0m

Gross profit

140.0m149.0m152.0m169.0m177.0m172.0m174.0m174.0m174.0m148.0m79.0m

Gross profit Margin, %

16%16%16%17%16%16%18%18%18%19%13%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

109.0m48.0m43.0m32.0m

Accounts Receivable

399.0m522.0m587.0m459.0m

Prepaid Expenses

26.0m

Inventories

561.0m701.0m797.0m701.0m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(83.0m)50.0m74.0m39.0m

Depreciation and Amortization

69.0m67.0m68.0m63.0m

Inventories

141.0m(168.0m)(175.0m)95.0m

Accounts Payable

(13.0m)93.0m27.0m(79.0m)
Quarterly
USDFY, 2016

Revenue/Employee

868.9k

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.8 x
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MRC Global Operating Metrics

MRC Global's Enterprise Customers was reported to be 15 k in Q1, 2019. MRC Global's Backlog was reported to be $507m in Q3, 2019.
FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

Enterprise Customers

17 k17 k17 k17 k16 k16 k16 k16 k15 k15 k

Stock Keeping Units

230 k170 k200 k200 k200 k

Suppliers

12 k12 k12 k12 k12 k12 k12 k11 k11 k11 k11 k

Backlog

$749 m$833 m$827 m$802 m$832 m$888 m$828 m$730 m$638 m$636 m$578 m$507 m
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MRC Global Acquisitions / Subsidiaries

Company NameDateDeal 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

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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 2019 Fourth Quarter and Full Year Earnings Release and Conference Call Schedule

HOUSTON, Jan. 3, 2020 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) will release 2019 fourth quarter and full year results on February 13, 2020 after the market closes. In conjunction with the release, the Company will host a conference call, which will be webcast, on Friday, February 14,...

MRC Global Announces the Hiring of Kelly Youngblood as Executive Vice President

HOUSTON, Sept. 27, 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 Kelly Youngblood is joining MRC Global, effective November 18, 2019....

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,...
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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 Rhys J. Best, Andrew R. Lane and Henry Cornell.

  • How many employees does MRC Global have?

    MRC Global has 2,847 employees.

  • What is MRC Global revenue?

    Latest MRC Global annual revenue is $3.7 b.

  • What is MRC Global revenue per employee?

    Latest MRC Global revenue per employee is $1.3 m.

  • Who are MRC Global competitors?

    Competitors of MRC Global include FCX Performance, W&O Supply and DistributionNOW.

  • 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, Andrews, Ardmore, Atyrau and in 82 other locations.

  • How many offices does MRC Global have?

    MRC Global has 86 offices.