MRC Global Q2 sales up 12%, beat estimates

MRC Global

06/08/2025 11:58

Overview

MRC Global Q2 sales rise 12% sequentially, beating expectations

Adjusted net income and EBITDA exceed analysts' estimates

Outlook

Company expects sequential revenue and adjusted EBITDA growth in Q3

MRC Global reaffirms full-year guidance provided last quarter

Company will not provide future financial guidance due to DNOW merger

Merger with DNOW expected to close in Q4 2025

Result Drivers

PTI SECTOR - 26% sales growth driven by robust project activity in U.S. and international markets

GAS UTILITIES - 10% sequential revenue growth fueled by increased construction projects

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$798 mln
$784.60 mln (3 Analysts)
Q2 Adjusted Net Income
Beat
$22 mln
$20.10 mln (2 Analysts)
Q2 Net Income
$13 mln
Q2 Adjusted EBITDA
Beat
$54 mln
$50.10 mln (2 Analysts)
Q2 Gross Profit
$151 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for MRC Global Inc is $16.00, about 10.3% above its August 5 closing price of $14.36

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNXb54R4f

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)