M&A
confidence high
sentiment neutral
materiality 0.80
DNOW Inc. files amended 8-K to include MRC Global financial statements and discloses inventory control weakness
DNOW Inc.
- DNOW completed acquisition of MRC Global on November 6, 2025, as previously disclosed.
- MRC Global's audited financial statements for years ended Dec 31, 2024 and 2023 are filed as Exhibit 99.1.
- MRC Global identified a material weakness in inventory cycle count control for North American inventory as of Dec 31, 2024.
- MRC Global plans to hire additional resources, engage a consulting firm, and implement a new ERP system to remediate the weakness.
- Unaudited pro forma condensed combined financial statements as of Sep 30, 2025, and for periods in 2024 and 2025 are filed.