HOUSTON, March 12, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) will release its financial results for the fourth quarter and full year 2024 on March 14, 2025, before the market opens. The company will also host its conference call to discuss these financial results. What: MRC Global Fourth Quarter and Full Year 2024 Earnings Conference Call and WebcastWhen: Friday, March 14, 2025, at 10:00 a.m. Eastern / 9:00 a.m. CentralHow:Via phone – Dial 201-689-8261 and ask for the MRC Global call prior to the ...

Company Updates - MRC Global Inc. plans to file its 2024 Form 10-K with the SEC on or before March 18, 2025, and will file a Form 12b-25 to notify of the late filing [1] - The company has completed all required physical inventory counts but needs additional time to finalize the analysis and incorporate results into financial statements [2] Financial Performance - MRC Global does not expect a material net inventory adjustment related to 2024 results or a restatement of prior periods based on work completed to date [2] Company Overview - MRC Global is a leading global distributor of pipe, valves, fittings (PVF), and other infrastructure products and services, serving diversified end-markets including gas utilities, downstream, industrial, and energy transition sectors [5] - The company has over 100 years of experience and operates a worldwide network of over 200 locations, offering over 300,000 SKUs from more than 8,500 suppliers [5]

Company Overview - MRC Global Inc. is a leading global distributor of pipe, valves, fittings (PVF), and other infrastructure products and services, serving diversified end-markets including gas utilities, downstream, industrial, energy transition, and production and transmission infrastructure sectors [5] - The company has over 100 years of experience and operates a worldwide network of over 200 locations, including valve and engineering centers [5] - MRC Global offers over 300,000 SKUs from more than 8,500 suppliers, simplifying the supply chain for approximately 10,000 customers [5] Financial Reporting - MRC Global expects to file its 2024 Form 10-K with the SEC on or before March 18, 2025, and will file a Form 12b-25 to allow for the extended filing date [1] - The company has delayed the release of its financial results to complete year-end procedures related to inventory counts, including physical inventory procedures [2] - All required physical inventory counts have been completed, and the company does not expect a material net inventory adjustment related to 2024 results or a restatement of prior periods [2]

Core Insights - The article emphasizes the importance of value investing, highlighting the identification of undervalued companies as a key strategy for investors [2][4][6] - MRC Global and Tenaris are presented as strong investment opportunities, both holding a Zacks Rank of 2 (Buy) and an A grade for Value [4][6][7] Company Analysis: MRC Global - MRC Global has a current P/E ratio of 12.16, which is lower than the industry average of 13.49, indicating potential undervaluation [4] - The Forward P/E for MRC has fluctuated between 9.93 and 16.37 over the past year, with a median of 12.24 [4] - MRC's P/CF ratio stands at 7.41, compared to the industry average of 9.33, suggesting a favorable cash flow outlook [5] - The P/CF for MRC has ranged from 6.43 to 9.29 in the last year, with a median of 7.74 [5] Company Analysis: Tenaris - Tenaris is trading at a forward earnings multiple of 11.91 and a PEG ratio of 0.28, both lower than the industry averages of 13.49 and 0.90, respectively [6] - Over the past year, Tenaris's P/E has varied from 7.61 to 12.59, with a median of 9.37 [6] - The P/B ratio for Tenaris is 1.31, slightly below the industry average of 1.41, indicating relative undervaluation [7] - Tenaris's P/B ratio has fluctuated between 0.95 and 1.38, with a median of 1.16 over the past year [7] Conclusion - Both MRC Global and Tenaris are highlighted as strong value stocks with favorable valuation metrics and solid earnings outlooks, making them attractive options for value investors [4][6][7]

Core Viewpoint - MRC Global (MRC) has experienced a downtrend, losing 15.3% over the past four weeks, but a hammer chart pattern suggests a potential trend reversal due to increased buying interest [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottom in the stock's price, suggesting that selling pressure may be exhausting [2][4]. - A hammer pattern forms when there is a small candle body with a long lower wick, indicating that buyers are starting to emerge after a downtrend [3][4]. - This pattern can occur across various timeframes and is utilized by both short-term and long-term investors [4]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for MRC, which is a bullish indicator suggesting potential price appreciation [6]. - The consensus EPS estimate for the current year has increased by 0.5% over the last 30 days, indicating analysts' agreement on improved earnings potential [7]. - MRC holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [8].

HOUSTON, Feb. 05, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE:MRC) announced that it has postponed the release of its financial results and conference call related to the fourth quarter and full year 2024, which had previously been scheduled for February 11, 2025, and February 12, 2025, respectively. The company will reschedule both events at a later date. The company is delaying the release of its financial results to allow additional time to complete year-end audit procedures specifically related to in ...

Group 1 - MRC Global Inc. has seen significant activity in the options market, particularly with the February 21, 2025 $12.50 Put option exhibiting high implied volatility, indicating potential for a major price movement [1] - Implied volatility reflects market expectations for future stock movement, suggesting that investors anticipate a significant event that could lead to either a rally or a sell-off [2] - MRC Global holds a Zacks Rank 2 (Buy) in the Steel - Pipe and Tube industry, which is in the top 16% of the Zacks Industry Rank, indicating a positive outlook [3] Group 2 - Over the past 60 days, one analyst has raised the earnings estimate for MRC Global's current quarter from 7 cents per share to 8 cents, with no downward revisions from other analysts [3] - The high implied volatility may present trading opportunities, as seasoned options traders often seek to sell premium on such options, hoping the stock does not move as much as expected by expiration [4]

Group 1: Company Performance and Strategy - MRC Global Inc. is experiencing growth in the DIET sector due to increased energy transition projects and a strong pipeline of customer projects in refining, chemical, and mining [1] - The company has paid dividends of $18 million and repurchased shares worth $5 million in the first nine months of 2024, with a buyback program authorized for up to $125 million [2] - MRC generated a free cash flow of $174 million in the first nine months of 2024, a significant increase from $82 million in the same period last year [3] Group 2: Debt Management - Reducing debts is a priority for MRC, which repaid $276 million in borrowings under revolving credit facilities in the first nine months of 2024, following a repayment of $882 million in 2023 [4] - The company's leverage ratio was 0.1x at the end of the third quarter, marking the lowest level in its history [4] Group 3: Market Performance - MRC's shares have gained 38.7% over the past year, outperforming the industry's growth of 28.5% [6] - However, the company is facing challenges in the Gas Utilities and Production & Transmission Infrastructure (PTI) sectors, with revenues from Gas Utilities declining by 6% year over year and PTI revenues decreasing by 14% year over year in the third quarter [7][8]

Group 1: Shareholder Rewards and Buyback Program - MRC Global Inc. has announced a share buyback authorization of up to $125 million, aligning with its commitment to reward shareholders [1][2] - The buyback program is set to begin in the second quarter and will remain valid until January 2, 2028 [3] - In the first nine months of 2024, MRC Global paid $18 million in dividends and repurchased $5 million in shares, compared to $24 million in dividends and $4 million in share buybacks in 2023 [4] Group 2: Financial Performance - MRC Global generated a free cash flow of $174 million in the first nine months of 2024, a significant increase from $82 million in the same period the previous year [5] - The company has a market capitalization of $1.1 billion and currently holds a Zacks Rank of 3 (Hold) [6] Group 3: Market Position and Challenges - MRC Global's diverse presence across various end markets, including upstream production and energy transition, allows it to capitalize on opportunities while mitigating risks [6] - The company is facing challenges in the Gas Utilities and Production & Transmission Infrastructure sectors due to customer destocking and decreased rig counts in the U.S. oil field [7] Group 4: Stock Performance - MRC's shares have increased by 4.1% over the past three months, while the industry has grown by 11.6% [9] - The Zacks Consensus Estimate for MRC's 2025 earnings has risen by 3.2% in the last 60 days, with a trailing four-quarter average earnings surprise of 60.5% [9]

Core Points - MRC Global Inc. has authorized a new $125 million share repurchase program, set to expire on January 2, 2028, allowing the company to buy back its outstanding common shares through various means [1] - The company's President & CEO, Rob Saltiel, expressed confidence in the company's future and financial flexibility, highlighting a capital allocation strategy targeting a net debt leverage ratio of less than 1.5x, returning cash to shareholders, and investing in future growth [2] - MRC Global is a leading global distributor of pipe, valves, fittings, and other infrastructure products, serving diversified end-markets including gas utilities, industrial, and energy transition sectors, with over 100 years of experience [3] Company Overview - MRC Global is headquartered in Houston, Texas, and operates a worldwide network of over 200 locations, including valve and engineering centers, providing innovative supply chain solutions and technical product expertise [3] - The company offers over 300,000 SKUs from more than 8,500 suppliers, simplifying the supply chain for approximately 10,000 customers [3]