Mrc Global INC
Market Movers (8-K)
MRC Global Inc. announced the completion of its merger with DNOW Inc., resulting in MRC Global's delisting from the NYSE and conversion of its stock into DNOW shares.
MRC Global Inc. announced a net loss of $9 million for Q3 2025, primarily due to challenges with its new U.S. ERP system, while reaffirming its transformational merger with DNOW Inc. is on track for Q4 closure.
Worse than expected
MRC Global Inc. and DNOW Inc. announce receipt of all necessary regulatory approvals for their planned merger, moving closer to transaction completion.
MRC Global Inc. announced the expiration of the Hart-Scott-Rodino Antitrust Improvements Act waiting period for its merger with DNOW Inc., moving the transaction closer to completion.
MRC Global Inc. stockholders overwhelmingly approved the previously announced merger with DNOW Inc. at a special meeting held on September 9, 2025.
MRC Global Inc. filed supplemental disclosures to its merger proxy statement with DNOW Inc. to address shareholder lawsuits alleging material omissions and to prevent delays in the transaction.
Delay expected
Quarterly Earnings (10-Q)
MRC Global Inc. reported a net loss for Q3 2025, primarily due to operational disruptions from its new U.S. ERP system implementation and declining sales in its DIET and PTI segments, while its merger with DNOW Inc. progresses towards a Q4 2025 close.
Worse than expected
Delay expected
MRC Global reported a net loss for the first half of 2025 driven by discontinued operations and lower sales, while progressing towards its merger with DNOW Inc. and addressing internal control weaknesses.
Worse than expected
Capital raise
Delay expected
MRC Global's Q1 2025 results reveal a sales decrease driven by declines in the DIET and PTI sectors, alongside the impact of the Canada business sale, resulting in a net loss attributable to common stockholders.
Worse than expected
MRC Global Inc. experienced a decrease in sales and operating income in the third quarter of 2024 compared to the same period last year, while also completing a significant debt refinancing and preferred stock repurchase.
Worse than expected
Capital raise
MRC Global's second quarter 2024 results show a decrease in revenue compared to the same period last year, influenced by shifts in sector demand and customer inventory adjustments.
Worse than expected
MRC Global Inc. experienced a 9% year-over-year decrease in sales for the first quarter of 2024, while navigating changing market conditions and customer inventory adjustments.
Worse than expected
Annual Reports (10-K)
MRC Global's 2024 10-K filing reveals a decrease in sales and operating income compared to 2023, driven by challenges in the PTI and Gas Utilities sectors, alongside strategic shifts including the sale of its Canadian operations.
Worse than expected
MRC Global Inc.'s 10-K filing details the company's financial results, strategic initiatives, and risk factors for the fiscal year ended December 31, 2023.
Better than expected
Insider Trading (Form 4)
MRC Global Inc. officer Grant R. Bates converted all his equity holdings into DNOW Inc. shares and restricted stock units following the merger of the two companies.
MRC Global Inc. director Leonard M. Anthony disposed of all his common stock holdings as the company merged with DNOW Inc. on November 6, 2025.
An SEC Form 4 filing reveals changes in beneficial ownership for an MRC Global executive following the company's merger with DNOW Inc.
MRC Global Inc.'s Executive Vice President and CFO, Kelly Youngblood, converted all company common stock, performance share units, and restricted stock units into DNOW Inc. securities following the merger.
MRC Global Director George John Damiris disposed of 57,139 common shares following the company's merger with DNOW Inc. on November 6, 2025.
MRC Global Inc. Vice President and Chief Accounting Officer, Gillian Anderson, reported the disposition of common stock and performance share units following the company's merger with DNOW Inc. on November 6, 2025.
Proxy Statements (Def-14A)
DNOW Inc. and MRC Global Inc. propose an all-stock merger, creating a premier energy and industrial solutions provider, with MRC Global shareholders receiving 0.9489 DNOW shares per share.
Delay expected
Capital raise
MRC Global Inc. will hold its annual shareholder meeting on May 29, 2025, with proposals including the election of directors, executive compensation, and auditor ratification.
MRC Global's proxy statement announces the 2025 annual meeting, details board changes, and summarizes the company's 2024 financial and operational performance.
Worse than expected
MRC Global's 2024 proxy statement details the upcoming virtual annual meeting, board composition changes, and executive compensation.
DEFA14A: MRC Global Reaches Cooperation Agreement with Engine Capital, Appoints Daniel Silvers to Board
MRC Global has entered into a cooperation agreement with Engine Capital, resulting in the appointment of Daniel Silvers to the Board of Directors, effective April 1, 2024.
MRC Global addresses Engine Capital's concerns, highlighting record profit margins, strong balance sheet, and commitment to shareholder value.
Better than expected
Schedule 13G - Passive Investments
Frontier Capital Management Co., LLC has filed an amended Schedule 13G, disclosing a 0.00032% beneficial ownership in MRC Global Inc. as of September 30, 2025.
Frontier Capital Management Co., LLC has reported an increased passive beneficial ownership of 5.23% in MRC Global Inc. common stock.
The Vanguard Group has filed an amended Schedule 13G, reporting a 9.65% beneficial ownership stake in MRC Global Inc. as of June 30, 2025.