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MRC Global Inc (MRC.N)

MRC.N on New York Stock Exchange

18.66USD
16 Jan 2018
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Latest Key Developments (Source: Significant Developments)

MRC Global ‍expects capex in 2018 to be reduced by about $20 mln
Friday, 3 Nov 2017 

Nov 3 (Reuters) - MRC Global Inc :MRC Global says ‍expects capex in 2018 to be reduced by about $20 million for enterprise resource planning​ implementation costs - SEC filing.  Full Article

MRC global announces third quarter 2017 results
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - MRC Global Inc :MRC global announces third quarter 2017 results and $100 million share repurchase program.Q3 sales $959 million versus I/B/E/S view $967.2 million.Q3 loss per share $0.03.Q3 earnings per share view $0.07 -- Thomson Reuters I/B/E/S.MRC Global Inc - ‍in October 2017, Board of Directors authorized a share repurchase program for common stock of up to $100 million​.MRC Global Inc - share repurchase ‍program of up to $100 million is scheduled to expire on December 31, 2018​.  Full Article

MRC Global announces measurement, instrumentation distribution agreement with Schlumberger
Monday, 3 Oct 2016 

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 

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 

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

BRIEF-MRC Global ‍expects capex in 2018 to be reduced by about $20 mln

* MRC Global says ‍expects capex in 2018 to be reduced by about $20 million for enterprise resource planning​ implementation costs - SEC filing Source text: (http://bit.ly/2hbghVA) Further company coverage: