MRC Global

MRC Global is the worldwide leader in the distribution of pipe, valve and fitting products to the energy and industrial markets. Our internal maxim is global reach with a local touch. It speaks to the integrity we bring to every project and every relationship, regardless of scale.

Company Growth (employees)
Type
Public
HQ
Houston, US
Founded
1921
Size (employees)
3,500 (est)-14%
MRC Global was founded in 1921 and is headquartered in Houston, US

Key People 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 & Corporate Secretary

MRC Global Office Locations

MRC Global has an office in Houston
Houston, US (HQ)
2300 1301 Mc Kinney St

MRC Global Data and Metrics

MRC Global Financial Metrics

MRC Global's revenue was reported to be $862 m in Q1, 2017
USD

Revenue (Q1, 2017)

862 m

Gross profit (Q1, 2017)

140 m

Gross profit margin (Q1, 2017), %

16%

Net income (Q1, 2017)

6 m

EBIT (Q1, 2017)

14 m

Market capitalization (25-Jul-2017)

1.6 b

Cash (31-Mar-2017)

93 m
MRC Global's current market capitalization is $1.6 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

5.2 b5.9 b4.5 b3 b

Revenue growth, %

13%(24%)(33%)

Cost of goods sold

3.7 t2.6 b

Gross profit

954.8 m1 b(3.7 t)468 m

Gross profit Margin, %

18%17%(82542%)15%

General and administrative expense

524 m

Operating expense total

524 m

EBIT

311.8 m302.1 m(282.3 m)(56 m)

EBIT margin, %

6%5%(6%)(2%)

Interest expense

47.5 b35 m

Pre tax profit

(342.4 b)(91 m)

Income tax expense

(10.8 b)(8 m)

Net Income

152.1 m144.1 m(331.6 m)(83 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

1.5 b1.6 b1.3 b1.2 b1.1 b783 m746 m793 m862 m

Cost of goods sold

1.2 b1.3 b1.1 b992.1 m886 m650 m621 m705 m722 m

Gross profit

259.4 m278 m219.9 m205.9 m185.2 m133 m125 m88 m140 m

Gross profit Margin, %

17%17%17%17%17%17%17%11%16%

General and administrative expense

185.3 m184.8 m159.4 m158.9 m142 m137 m135 m124 m126 m

Operating expense total

185.3 m184.8 m159.4 m158.9 m142 m137 m135 m124 m126 m

EBIT

74.1 m93.2 m60.5 m47 m43.1 m(4 m)(10 m)(36 m)14 m

EBIT margin, %

5%6%5%4%4%(1%)(1%)(5%)2%

Interest expense

(15.4 m)(14.9 m)(14.6 m)(13.7 m)(10.1 m)(8 m)(9 m)(9 m)(7 m)

Pre tax profit

60.1 m76.2 m42.2 m29.4 m35.6 m(13 m)(19 m)(42 m)7 m

Income tax expense

20.8 m26.1 m13.1 m13.1 m19.5 m(5 m)(2 m)(2 m)1 m

Net Income

39.3 m50.1 m29.1 m16.3 m16 m(8 m)(17 m)(40 m)6 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

25.2 m25.1 m69 m109 m

Accounts Receivable

812.1 m974.5 m532.6 m399 m

Inventories

561 m

Current Assets

1.8 b2.2 b1.4 b1.1 b

PP&E

118.9 m116 m126.7 m135 m

Total Assets

3.3 b3.9 b2.5 b2.2 b

Accounts Payable

550.4 m538.9 m326.8 m314 m

Current Liabilities

762.1 m784.1 m444.4 m433 m

Additional Paid-in Capital

1.6 b1.7 b1.7 b1.7 b

Retained Earnings

(266.7 m)(122.6 m)(467.4 m)(574 m)

Total Equity

1.3 b1.4 b955.8 m763 m

Financial Leverage

2.5 x2.8 x2.6 x2.8 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

36.5 m31.1 m49.3 m32.9 m32.9 m121 m167 m213 m93 m

Accounts Receivable

1 b1.1 b849.9 m750.5 m663.8 m470 m430 m448 m476 m

Inventories

1.1 b1.1 b1.2 b1 b894.2 m720 m689 m581 m567 m

Current Assets

2.2 b2.3 b2.1 b1.9 b1.6 b1.3 b1.3 b1.3 b1.2 b

PP&E

121 m116.4 m111.2 m115.1 m117.5 m134 m131 m135 m140 m

Total Assets

4 b4 b3.7 b3.5 b3.2 b2.4 b2.4 b2.3 b2.2 b

Accounts Payable

652.9 m617.4 m521.6 m423 m387.6 m309 m320 m344 m390 m

Current Liabilities

888.7 m876.1 m738.1 m615.7 m577.7 m417 m432 m451 m510 m

Additional Paid-in Capital

1.6 b1.7 b1.7 b1.7 b1.7 b1.7 b1.7 b1.7 b1.7 b

Retained Earnings

(203.9 m)(153.8 m)(93.6 m)(78.6 m)(68.5 m)(481 m)(504 m)(550 m)(574 m)

Total Equity

1.4 b1.4 b1.4 b1.4 b1.4 b922 m865 m805 m752 m

Financial Leverage

2.8 x2.8 x2.7 x2.5 x2.3 x2.6 x2.8 x2.9 x3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

152.1 m144.1 m(331.6 m)(83 m)

Depreciation and Amortization

22.3 m22.5 m20.6 m22 m

Accounts Receivable

2.1 m(130 m)412 m128 m

Inventories

4.5 m(210 m)419 m141 m

Accounts Payable

117.3 m(29.7 m)(198.5 m)(13 m)

Cash From Operating Activities

(10.8 m)(1.1 m)49.5 m

Purchases of PP&E

(22.1 m)(20.1 m)(38.7 m)(33 m)

Cash From Investing Activities

(69.4 m)(362 m)(41.2 m)16 m

Long-term Borrowings

(2.2 b)(1.5 b)(1.3 b)(41 m)

Dividends Paid

10.2 m(24 m)

Cash From Financing Activities

(265 m)467.2 m(599.2 m)(226 m)

Interest Paid

55.5 m56.6 m42.8 m30 m

Income Taxes Paid

102.6 m90.2 m11 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

39.3 m50.1 m29.1 m16.3 m16 m(8 m)(17 m)(40 m)6 m

Accounts Receivable

1 b1.1 b849.9 m750.5 m663.8 m470 m430 m448 m476 m

Accounts Payable

652.9 m617.4 m521.6 m423 m387.6 m309 m320 m344 m390 m
USDY, 2017

Revenue/Employee

246.3 k

Financial Leverage

3 x

MRC Global Market Value History

MRC Global Company Life and Culture

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