MRC Global Inc. (NYSE: MRC) saw its stock price surge 5.50% in pre-market trading on Wednesday following the release of its second-quarter 2025 financial results that surpassed analyst expectations. The company, a leading global distributor of pipe, valves, and fittings, reported robust performance across key metrics and reaffirmed its full-year guidance.
The company's adjusted earnings per share came in at $0.25, beating the analyst consensus estimate of $0.23 by 6.38%. While this represents a 19.35% decrease from the $0.31 per share reported in the same period last year, it still demonstrates MRC Global's ability to outperform market expectations in a challenging environment. Quarterly sales reached $798 million, surpassing the analyst consensus estimate of $784.6 million by 1.71%. Although this figure represents a 4.09% decrease from the $832 million reported in the same quarter of the previous year, it shows strong sequential growth of 12% compared to the first quarter of 2025.
Rob Saltiel, MRC Global's President and CEO, highlighted the company's strong performance, stating, "We delivered a strong second quarter, with revenue rising 12% from the first quarter of 2025, at the top of our previous guidance range. All sectors contributed to the sequential revenue increase, led by PTI with 26% sales growth due to robust project activity across both the U.S. and international markets." The company also reported an impressive 50% sequential increase in Adjusted EBITDA, with margins expanding 170 basis points, reflecting strong operating leverage. Additionally, MRC Global returned $15 million to shareholders through strategic share repurchases at an average price of $12.35 per share. The company's reaffirmation of its full-year guidance further bolsters investor confidence in its ongoing growth trajectory.