Brief: MRC Global Responds To Engine Capital & Affirms Board & Management’S Focus On Delivering Long-Term Value Creation

MRC Global

19/03/2024 17:46

March 19 (Reuters) - MRC Global Inc  MRC.N :
    * MRC GLOBAL RESPONDS TO ENGINE CAPITAL AND AFFIRMS BOARD
AND
MANAGEMENT’S FOCUS ON DELIVERING LONG-TERM VALUE CREATION
    * MRC GLOBAL INC - TARGETING TO GENERATE APPROXIMATELY $200
MILLION IN OPERATING CASH FLOW IN 2024
    * MRC GLOBAL : HAVE SEEN MEANINGFUL IMPROVEMENT IN OUR
BACKLOG &
OUR NEW ORDERS OVER EARLY PART OF 2024, & EXPECT TO RETURN TO
GROWTH IN COMING QUARTERS
    * MRC GLOBAL INC: BOARD DETERMINED THAT ENGINE CAPITAL'S
CANDIDATES "DO NOT BRING ANY ADDITIONAL SKILLS TO BOARD THAT IT
DOES NOT ALREADY POSSESS"
    * MRC GLOBAL INC - EXPECT TO RETURN TO GROWTH IN COMING
QUARTERS

Source text for Eikon:  ID:nGNX3cZ0rB 
Further company coverage:  MRC.N 

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