Loading...
•
Dec 31, 2021
MRC Global Q4 2021 Earnings Report
MRC Global's Q4 2021 results were reported, demonstrating an increase in sales and adjusted EBITDA compared to the same quarter in 2020.
Key Takeaways
MRC Global reported an 18% increase in sales, reaching $686 million in Q4 2021 compared to Q4 2020. The adjusted EBITDA was $47 million, the highest since Q3 2018. The company targets at least $3 billion of revenue and $190 million of adjusted EBITDA for 2022.
Sales increased by 18% to $686 million compared to the same quarter of 2020.
Adjusted EBITDA reached $47 million, representing 6.9% of sales, the highest since the third quarter of 2018.
Adjusted gross profit was 21.6% of sales.
Cash flow from operations was $40 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
In 2022, MRC Global expects to achieve at least $3 billion in revenue and $190 million in adjusted EBITDA, with potential for outperformance if capital spending exceeds forecasted levels.
Positive Outlook
- All four U.S. end-market sectors are expected to achieve double-digit revenue growth.
- Canada segment is expected to deliver revenue and adjusted EBITDA above 2021 levels.
- International segment is expected to deliver revenue and adjusted EBITDA above 2021 levels.
- Targeting at least $3 billion of revenue for the company as a whole.
- Targeting $190 million of adjusted EBITDA for the company as a whole.
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
Loading earnings performance data...
Loading earnings reaction data...