MRC Global Inc. (NYSE: MRC) Financial Performance Review

• MRC Global Inc. (NYSE:MRC) reported earnings per share (EPS) of $0.08, aligning with estimates and generating revenue of approximately $736.8 million, surpassing expectations.
• For the full year of 2024, MRC reported operating cash flows from continuing operations of $268 million, the highest since 2015, with sales reaching $3 billion.
• The company's financial metrics indicate a stable position with a price-to-earnings (P/E) ratio of approximately 9.56 and a current ratio of about 1.99, suggesting good short-term financial health.

MRC Global Inc. (NYSE:MRC) is a leading distributor of pipe, valve, and fitting products and services to the energy and industrial sectors. The company operates globally, serving various industries, including oil and gas, chemical, and mining. MRC competes with other major players in the distribution sector, focusing on providing high-quality products and services to its clients.

On March 14, 2025, MRC reported earnings per share (EPS) of $0.08, aligning with the estimated EPS. The company generated revenue of approximately $736.8 million, surpassing the estimated $726.9 million. This performance reflects MRC's ability to meet market expectations and demonstrates its strong revenue-generating capabilities.

For the full year of 2024, MRC reported operating cash flows from continuing operations of $268 million, the highest since 2015. Sales reached $3 billion, with a net income from continuing operations of $78 million. The adjusted EBITDA was $202 million, representing 6.7% of sales, while the gross profit margin stood at 20.6%. The adjusted gross profit margin was 21.9%, maintaining a streak of three consecutive years above 21%.

In the fourth quarter of 2024, MRC experienced operating cash flows from continuing operations of $73 million and sales of $664 million. Despite a net loss from continuing operations of $1 million, the adjusted EBITDA for the quarter was $32 million, or 4.8% of sales. The gross profit margin was 20.3%, with an adjusted gross profit margin of 22.0%. The working capital as a percentage of sales was at a record low of 11.2%.

MRC's financial metrics indicate a stable position. The company has a price-to-earnings (P/E) ratio of approximately 9.56, reflecting the market's valuation of its earnings. The price-to-sales ratio stands at about 0.30, suggesting a relatively low valuation compared to its sales. MRC's enterprise value to sales ratio is around 0.37, and its enterprise value to operating cash flow ratio is approximately 4.09, highlighting its cash flow efficiency. The earnings yield for MRC is about 10.46%, providing insight into the return on investment. The company's debt-to-equity ratio is approximately 0.31, indicating a moderate level of debt relative to equity. Additionally, MRC maintains a current ratio of about 1.99, suggesting good short-term financial health.