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Sep 30, 2021
MRC Global Q3 2021 Earnings Report
Achieved highest adjusted EBITDA margins in two years, driven by solid execution and good cost control.
Key Takeaways
MRC Global's sales were $685 million, consistent with the previous quarter and 17% higher than the same quarter last year. The company reported a net loss of ($17) million, or ($0.21) per diluted share. Adjusted EBITDA reached $39 million, or 5.7% of sales, the highest in two years.
Sales of $685 million for the third quarter of 2021, which was consistent with the second quarter of 2021 but 17% higher than the third quarter of 2020.
Net loss attributable to common stockholders for the third quarter of 2021 was ($17) million, or ($0.21) per diluted share, as compared to the third quarter of 2020 net loss of ($3) million, or ($0.04) per diluted share.
U.S. business grew 2% sequentially while International segment experienced revenue declines due to delayed MRO and project activity.
Adjusted EBITDA margins of 5.7%, the highest for our company in two years.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company expects double-digit revenue growth next year.
Positive Outlook
- Growing backlog
- Increased customer activity
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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