MRC Global (MRC) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Company Participants Monica Broughton - Investor RelationsRob Saltiel - President and CEOKelly Youngblood - EVP & CFOChristopher Dankert - SVP - Equity ResearchBlake McLean - Managing Director Conference Call Participants Adam Farley - Associate AnalystCharles Minervino - Equity Research Analyst Operator and welcome to MRC Global's First Quarter twenty twenty five Earnings Conference Call. At this time, participants are in a listen only mode. A ...

MRC Global (MRC) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Speaker0 and welcome to MRC Global's First Quarter twenty twenty five Earnings Conference Call. At this time, participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Monica Brouton. Thank you. You may begin. Speaker1 Thank you, and good morning. Welcome to the MRC Global First Quarter tw ...

MRC Global (MRC) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 75%. A quarter ago, it was expected that this energy products distributor would post earnings of $0.08 per share when it actually produced a loss of $0.08, delivering a surprise of -200%.Over the last four quarters, the ...

MRC Global Announces First Quarter 2025 Results Houston, TX – May 6, 2025 – MRC Global Inc. (NYSE: MRC) today announced first quarter 2025 results from continuing operations. First Quarter 2025 Financial Highlights: Rob Saltiel, MRC Global's President and CEO stated, "First quarter results were strong across all of our key metrics, consistent with our recent press release. Our business has continued to perform well into the second quarter, with our backlog as of April 30, 2025, up 13% over year-end levels, ...

HOUSTON, May 06, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) today announced first quarter 2025 results from continuing operations. First Quarter 2025 Financial Highlights: Operating cash flows provided by continuing operations of $21 million Sales of $712 million, a 7% increase compared to the fourth quarter of 2024Gross profit, as a percentage of sales, of 19.9%Adjusted Gross Profit, as a percentage of sales, of 21.5%Net income from continuing operations of $8 millionAdjusted EBITDA of $36 millio ...

HOUSTON, April 22, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE:MRC) will release its first quarter 2025 results on May 6, 2025, after the market closes. In conjunction with the release, the company will host a conference call and webcast:  What:MRC Global First Quarter 2025 Earnings Conference Call and Webcast    When:Wednesday, May 7, 2025, at 10:00 a.m. Eastern / 9:00 a.m. Central    How:Via phone – Dial 201-689-8261 and ask for the MRC Global call prior to the start time, or  Via webcast – Visit our w ...

HOUSTON, April 22, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) will release its first quarter 2025 results on May 6, 2025, after the market closes. In conjunction with the release, the company will host a conference call and webcast: What:MRC Global First Quarter 2025 Earnings Conference Call and Webcast When:Wednesday, May 7, 2025, at 10:00 a.m. Eastern / 9:00 a.m. Central How:Via phone – Dial 201-689-8261 and ask for the MRC Global call prior to the start time, or Via webcast – Visit our ...

文章核心观点 - 公司2025年第一季度业绩表现良好，营收和利润率超预期，对二季度营收增长持乐观态度，还计划在二季度执行股票回购计划 [3][4] 公司概况 - 公司总部位于得克萨斯州休斯顿，是全球领先的管道、阀门、配件及其他基础设施产品和服务分销商，服务于多个终端市场，有超100年经验，在全球约200个地点提供服务，拥有约20万个SKU，服务超8300家客户 [7] 2025年第一季度财务亮点 - 营收约7.1亿美元，环比增长7% [8] - 持续经营业务净收入约700万美元 [8] - 调整后EBITDA约3500万美元，占销售额4.9% [8] - 毛利润约1.42亿美元，占销售额20.0% [8] - 调整后毛利润约1.53亿美元，占销售额21.5% [8] - 持续经营业务现金流约2000万美元 [8] 业务增长情况 - 美国业务推动营收环比增长，DIET业务增长13%，天然气公用事业业务增长8%，PTI业务增长6% [3] - 公司预计二季度销售额将实现高个位数至低两位数的环比增长，美国积压订单自年初以来增长超20% [3] 财务指标调整说明 - 调整后EBITDA定义为持续经营业务净收入加上利息、所得税、折旧和摊销等费用，是衡量公司经营业绩的有用指标，但有局限性，公司也使用其他指标衡量经营业绩 [15] - 调整后毛利润定义为销售额减去销售成本，加上折旧和摊销等，是管理业务的关键绩效指标，公司认为毛利润是与之最直接可比的GAAP财务指标 [18]

文章核心观点 公司2025年第一季度业绩表现良好，营收和利润率超预期，美国业务推动营收增长，对二季度营收增长持乐观态度，还计划在二季度执行股票回购计划 [3][4] 公司概况 - 公司总部位于德克萨斯州休斯顿，是全球领先的管道、阀门、配件及其他基础设施产品和服务分销商，服务于多个终端市场 [7] - 拥有超100年经验，在全球约200个地点提供供应链解决方案、技术产品专业知识和数字平台，质量保证计划提供约20万种SKU，服务超8300家客户 [7] 2025年第一季度财务亮点 - 营收约7.1亿美元，环比增长7% [8] - 持续经营业务净收入约700万美元 [8] - 调整后EBITDA约3500万美元，占销售额4.9% [8] - 毛利润约1.42亿美元，占销售额20.0% [8] - 调整后毛利润约1.53亿美元，占销售额21.5% [8] - 持续经营业务现金流约2000万美元 [8] 业务增长情况 - 美国业务推动营收环比增长，DIET业务增长13%，天然气公用事业业务增长8%，PTI业务增长6% [3] - 公司预计二季度销售额将实现高个位数至低两位数的环比增长，美国积压订单自年初以来增长超20% [3] 业务优势与机会 - 天然气公用事业业务强劲反弹，DIET业务活动水平良好，PTI客户组合有利，为未来成功奠定基础 [4] - 近期股价波动为公司在二季度执行1.25亿美元股票回购计划提供机会 [4] 财务指标定义与说明 - 调整后EBITDA定义为持续经营业务净收入加利息、所得税、折旧和摊销、无形资产摊销及其他费用，是衡量公司经营业绩的有用指标，但有局限性 [15] - 调整后毛利润定义为销售额减销售成本，加折旧和摊销、无形资产摊销、库存相关费用及LIFO库存成本核算方法的影响，是公司管理业务的关键绩效指标 [18]

文章核心观点 - MRC Global股票过去四周上涨3.5%，华尔街分析师短期目标价显示其有上涨潜力，但分析师设定目标价的能力和公正性存疑，投资者不应仅据此投资；公司盈利预期上调及Zacks排名显示其股价近期有上涨可能 [1][3][11] 分析师目标价情况 - MRC Global上一交易日收盘价11.62美元，过去四周涨3.5%，华尔街分析师平均目标价16.25美元，有39.9%上涨潜力 [1] - 平均目标价由四个短期目标价构成，标准差0.96美元，最低目标价15美元，涨29.1%，最乐观目标价17美元，涨46.3% [2] 分析师目标价的问题 - 全球多所大学研究人员称目标价常误导投资者，实证研究显示分析师设定的目标价很少能指示股价实际走向 [7] - 许多分析师倾向设定过于乐观的目标价，因所在公司与相关企业有业务关系或想建立联系 [8] 目标价的参考意义 - 目标价标准差小表明分析师对股价走势和幅度有高度共识，可作为进一步研究潜在基本面驱动因素的起点 [9] - 投资者不应完全忽视目标价，但仅据此投资可能导致投资回报率不佳，应持高度怀疑态度 [10] MRC Global股价上涨原因 - 分析师对公司盈利前景乐观，上调每股收益预期，实证研究显示盈利预期修正趋势与近期股价走势强相关 [11] - 今年过去30天有一个盈利预期上调，无下调，Zacks共识预期提高3.1% [12] - 公司Zacks排名第二（买入），处于基于盈利预期四个因素排名的4000多只股票前20%，表明股价近期有上涨潜力 [13]