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Jun 30, 2021
MRC Global Q2 2021 Earnings Report
Reported strong second quarter results with sequential revenue growth and improved profitability.
Key Takeaways
MRC Global reported strong second quarter results with a 13% increase in revenue sequentially, led by the gas utilities business. The company's focus on cost control led to higher adjusted EBITDA margins and positive cash flow generation. MRC Global is optimistic about its outlook across all end-markets, including the energy transition space.
Sales of $686 million, a 13% sequential increase
Net loss attributable to common stockholders of ($2) million
Adjusted net income attributable to common stockholders of $6 million
Adjusted EBITDA of $36 million
MRC Global
MRC Global
MRC Global Revenue by Segment
MRC Global Revenue by Geographic Location
Revenue by Segment
U.S. Sales Revenue
CapyFin.comInternational Sales Revenue
CapyFin.comRevenue by Geographic Location
Gas Utilities Revenue
CapyFin.com Forward Guidance
MRC Global is increasingly optimistic about its outlook across all of its end-markets, including the energy transition space, through the second half of 2021 and into 2022.
Positive Outlook
- Improving market conditions
- Commitment to superior customer service
- Commitment to operational efficiency
- Gains in gas utilities business
- Positive cash flow generation