MRC Global Inc. (NYSE: MRC) has announced that it will be releasing its first quarter 2025 results on May 6, 2025, after the market closes. The company, headquartered in Houston, Texas, is a leading global distributor of pipe, valves, fittings (PVF), and other infrastructure products and services to various end-markets.
In the last reported quarter, MRC Global reported total sales of $892 million, representing a 5% increase from the previous quarter's $849 million. Gross profit margin for the last reported quarter was 18.5%, up from 17.2% in the prior quarter. Additionally, operating income was reported at $57 million, compared to $46 million in the preceding quarter.
MRC Global's digital platform has continued to expand, with the company now offering approximately 200,000 stock-keeping units (SKUs) from over 7,100 suppliers, streamlining the supply chain for over 8,300 customers. The company's global network comprises approximately 200 locations, including valve and engineering centers, providing customers with innovative supply chain solutions and technical product expertise.
Investors and analysts will be keen to see if MRC Global can sustain its growth trajectory in the first quarter of 2025, particularly in the backdrop of evolving market dynamics within the gas utilities, downstream, industrial and energy transition, and production and transmission infrastructure sectors. The conference call and webcast to discuss the first quarter 2025 results is scheduled for Wednesday, May 7, 2025, at 10:00 a.m. Eastern / 9:00 a.m. Central. A replay of the call will be available through May 21, 2025.
As MRC Global gears up to release its first quarter 2025 results, market participants will be closely monitoring the company's performance and the management's outlook for the rest of the year. The market has reacted to these announcements by moving the company's shares 1.5% to a price of $10.84. If you want to know more, read the company's complete 8-K report here.
