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MRC Global Inc (MRC.N)

MRC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

MRC Global says unit entered into 15-year leases with Liberty Property Trust unit
Thursday, 18 May 2017 06:47am EDT 

May 18 (Reuters) - MRC Global Inc :MRC Global Inc - MRC Global (US) Inc., entered into 15-year leases with a unit of Liberty Property Trust to open a new regional distribution center.MRC Global Inc - company expects to consolidate four facilities into new RDC.MRC Global-in connection with build out of rdc,purchase of related fixtures, equipment, co expects to increase 2017 capital expenditures to about $47 million.MRC Global Inc - will consolidate over 150 employees and $60 million of inventory into new facility from four current facilities.MRC Global Inc says expects rdc to be operational in late 2017 and adjacent offices to be ready in Q3 of 2018 - sec filing.  Full Article

MRC Global reports Q1 earnings per share $0.00
Thursday, 4 May 2017 04:15pm EDT 

May 4 (Reuters) - MRC Global Inc :MRC Global announces first quarter 2017 results.Q1 earnings per share $0.00.Q1 sales $862 million versus I/B/E/S view $796.7 million.Q1 earnings per share view $-0.06 -- Thomson Reuters I/B/E/S.  Full Article

MRC Global awarded expanded contract with PBF Energy Company LLC
Wednesday, 5 Apr 2017 04:15pm EDT 

MRC Global Inc : MRC Global awarded expanded contract with PBF Energy Company LLC . MRC Global awarded expanded contract with PBF Energy Company LLC . MRC Global Inc - five year agreement includes all project and maintenance, repair and operations (MRO) needs .MRC Global Inc - MRC Global will now service Torrance, Ca and Chalmette, La Refineries, which were recently acquired by PBF.  Full Article

MRC Global sees 2017 revenue up 10-20 pct over 2016 - SEC filing
Friday, 24 Feb 2017 07:02am EST 

MRC Global Inc : MRC Global Inc - sees 2017 annual revenue up 10-20 pct over 2016 - SEC filing . MRC Global Inc sees 2017 capital expenditures of $32 million .MRC Global Inc sees Q1 revenue up high single digit to low double digit percentages sequentially.  Full Article

MRC Global reports Q4 loss per share of $0.10
Thursday, 16 Feb 2017 04:15pm EST 

Mrc Global Inc : Announces fourth quarter 2016 results . Says expect 2017 results to be improved over 2016 . Q4 sales $719 million versus I/B/E/S view $752 million . Q4 earnings per share view $-0.10 -- Thomson Reuters I/B/E/S . Says U.S. Sales in Q4 of 2016 were $550 million, down $228 million or 29 pct from same quarter in 2015 . Says Canadian sales in Q4 of 2016 were $55 million, down $11 million or 17 pct from same quarter in 2015 .Downstream sales in Q4 of 2016 decreased 17 pct from Q4 of 2015 to $233 million.  Full Article

Tweedy, Browne Company reports 5.05 pct passive stake in MRC Global - SEC filing
Friday, 6 Jan 2017 09:54am EST 

Tweedy, Browne Company LLC:Tweedy, Browne Company LLC discloses 5.05 percent passive stake in MRC Global Inc as of December 31, 2016 - SEC filing.  Full Article

MRC Global reports Q3 loss per share $0.48
Thursday, 3 Nov 2016 04:15pm EDT 

MRC Global Inc : MRC Global announces third quarter 2016 results and increase of share repurchase program to $125 million . Q3 loss per share $0.48 . Q3 sales $793 million versus I/B/E/S view $757.9 million .Q3 earnings per share view $-0.14 -- Thomson Reuters I/B/E/S.  Full Article

MRC Global announces measurement, instrumentation distribution agreement with Schlumberger
Monday, 3 Oct 2016 09:31am EDT 

MRC Global Inc : MRC Global announces exclusive measurement and instrumentation distribution agreement with Schlumberger .Schlumberger will continue to provide technical support as part of companies' collaboration.  Full Article

MRC Global committs to a plan to restructure and significantly downsize its Australian operations
Tuesday, 23 Aug 2016 05:06pm EDT 

MRC Global Inc : On August 19, committed to a plan to restructure and significantly downsize its Australian operations . Plan includes consolidation of facilities and locations, involuntary employee terminations and asset impairment charges . MRC Global Inc says to downsize its australian operations in response to continued downturn in oil and gas and mining industries in region . Restructuring plan, which will begin immediately and is expected to be completed by Q1 of 2017 . Majority of costs are expected to be incurred in Q3 and Q4 and include, on a pre-tax basis, $7-$10 million of inventory-related charges . Pre-Tax charges associated with restructuring plan expected to total $18 million to $24 million, including cash expenditures of $11 million to $14 million . Due to current pre-tax loss position in Australia, co does not expect to recognize a tax benefit on any restructuring charges - sec filing .Costs include $6-$7 million of lease termination costs, $3-$4 million for facilities relocations and $2-$3 million of employee termination costs.  Full Article

MRC Global Q2 loss per share $0.24
Tuesday, 2 Aug 2016 04:15pm EDT 

MRC Global Inc : Q2 earnings per share view $-0.14, revenue view $743.1 million -- Thomson Reuters I/B/E/S . Q2 loss per share $0.24 .Q2 sales $746 million, down 38 percent.  Full Article

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BRIEF-MRC Global says unit entered into 15-year leases with Liberty Property Trust unit

* MRC Global Inc - MRC Global (US) Inc., entered into 15-year leases with a unit of Liberty Property Trust to open a new regional distribution center