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MRC Global ( (MRC) ) just unveiled an update.
MRC Global has announced a $125 million share repurchase program authorized by its Board of Directors, set to expire in January 2028. This move is part of their capital allocation strategy aimed at maintaining a net debt leverage ratio below 1.5x, returning cash to shareholders, and investing in future growth, reflecting confidence in their financial position and operational efficiency.
More about MRC Global
Headquartered in Houston, Texas, MRC Global is a leading global distributor of pipe, valves, fittings, and other infrastructure products and services, catering to sectors such as gas utilities, downstream, industrial and energy transition, and production and transmission infrastructure. With over a century of experience, the company offers innovative supply chain solutions, technical expertise, and a digital platform from a network of over 200 locations, simplifying the supply chain for approximately 10,000 customers.
YTD Price Performance: 0.0%
Average Trading Volume: 522,662
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.08B
Find detailed analytics on MRC stock on TipRanks’ Stock Analysis page.
