Overview

* MRC Global ( MRC ) 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 ( MRC ) 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/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $798 mln $784.60

mln (3

Analysts

)

Q2 Beat $22 mln $20.10

Adjusted mln (2

Net Analysts

Income )

Q2 Net $13 mln

Income

Q2 Beat $54 mln $50.10

Adjusted mln (2

EBITDA Analysts

)

Q2 Gross $151 mln

Profit

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 ( MRC ) 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:

(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.)