High Materiality8/10
Information
HOUSTON, March 14, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) today reported full year and...
Original sourceAI Summary
MRC Global's 2024 sales totaled $3,011 million, down from 2023's $3,266 million. Operating cash flow reached $268 million, the highest since 2015. Fourth quarter 2024 EBITDA was $32 million, significantly lower than 2023's $49 million. The company anticipates low to high-single digit revenue growth in 2025. MRC is set to execute a $125 million share buyback authorization this year.
Sentiment Rationale
Despite lower sales and Q4 EBITDA, strong cash flow and buyback boost sentiment.
Trading Thesis
Buyback and operational improvements expected to reflect positively over the year.
Market-Moving
- MRC Global's 2024 sales totaled $3,011 million, down from 2023's $3,266 million.
- Operating cash flow reached $268 million, the highest since 2015.
- Fourth quarter 2024 EBITDA was $32 million, significantly lower than 2023's $49 million.
Key Facts
- MRC Global's 2024 sales totaled $3,011 million, down from 2023's $3,266 million.
- Operating cash flow reached $268 million, the highest since 2015.
- Fourth quarter 2024 EBITDA was $32 million, significantly lower than 2023's $49 million.
- The company anticipates low to high-single digit revenue growth in 2025.
- MRC is set to execute a $125 million share buyback authorization this year.
Companies Mentioned
- N/A (N/A)
Corporate Developments
The article outlines positive cash flow and a favorable outlook amid challenges.