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Dec 31, 2024
MRC Global Q4 2024 Earnings Report
MRC Global reported a revenue decline and a net loss in Q4 2024.
Key Takeaways
MRC Global's Q4 2024 revenue declined 10% YoY to $664 million, driven by lower sales in the Downstream and PTI sectors. The company posted a net loss of $1 million, compared to a net income of $22 million in Q4 2023. Adjusted EBITDA fell to $32 million, down from $49 million a year ago. International sales increased 14%, offsetting some of the domestic weakness.
Total revenue declined 10% YoY to $664 million.
Net loss was $1 million, compared to a $22 million profit in Q4 2023.
Adjusted EBITDA fell to $32 million, down from $49 million a year ago.
International sales increased 14% YoY, while U.S. sales declined 14%.
Revenue by Segment
Forward Guidance
MRC Global anticipates low to mid-single-digit revenue growth in 2025, driven by the rebound in gas utilities and increasing investment in natural gas infrastructure.
Positive Outlook
- Revenue expected to grow in all three business sectors in 2025.
- Anticipated $100 million in cash flow from operations in 2025.
- New IMTEC joint venture expected to drive gas utilities growth.
- Strengthened balance sheet with reduced net debt leverage.
- Continued expansion into chemicals, mining, and data center markets.
Challenges Ahead
- Potential volatility in global oil and gas markets.
- Continued decline in downstream project activity.
- Impact of foreign exchange fluctuations on international operations.
- Inflationary pressures on raw materials and supply chain costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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