MRC Global Inc. reported third quarter 2025 sales of $678.0 million, a decrease of 15.0% compared to the previous quarter. Gross profit was $125.0 million, or 18.4% of sales, down from $157.0 million, or 20.4% of sales, in the third quarter of 2024. Adjusted Gross Profit was $148.0 million, or 21.8% of sales, compared to $162.0 million, or 21.0% of sales, in the same period last year. The company reported a net loss from continuing operations of $9.0 million, compared to net income of $29.0 million in the third quarter of 2024. Adjusted net income from continuing operations was $11.0 million, down from $24.0 million last year. Adjusted EBITDA was $36.0 million, or 5.3% of sales, compared to $47.0 million, or 6.1% of sales, in the prior year. Revenue backlog stood at $571.0 million, a 4.0% increase year-on-year, with the U.S. segment backlog up 21.0%. The company noted costs related to ERP system implementation and the pending DNOW-MRC Global merger as significant business developments during the period.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MRC Global Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-033126), on November 05, 2025, and is solely responsible for the information contained therein.
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