MRC (MRC) Newsfilter·2025-04-16 21:20Core Insights - MRC Global Inc. reported a strong start to Q1 2025, with revenue and margins exceeding expectations, driven by growth in various segments [3][4] - The company anticipates continued revenue growth in Q2 2025, estimating a high-single to low-double digit percentage increase in sequential sales, supported by a backlog increase of over 20% since the start of the year [3][4] - MRC Global plans to initiate a 710 million, representing a 7% sequential increase [8] - Net income from continuing operations was approximately 35 million, or 4.9% of sales [8] - Gross Profit was approximately 153 million, or 21.5% of sales [8][17] - Cash flow from continuing operations was approximately $20 million [8] Segment Performance - The US segment was a key driver of revenue growth, with DIET growing by 13%, Gas Utilities by 8%, and PTI by 6% [3] - The Gas Utilities business showed a strong rebound, contributing positively to overall performance [4] Company Overview - MRC Global is a leading global distributor of pipe, valves, fittings, and other infrastructure products and services, serving diversified end-markets including gas utilities and industrial sectors [7] - The company operates a network of approximately 200 locations and offers around 200,000 SKUs from over 7,100 suppliers [7]