{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-015409","form_type":"8-K","ticker":null,"cik":"0001439095","company_name":"MRC GLOBAL INC.","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.434523+00:00","generated_at":"2026-06-02T09:39:05.104487+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"MRC Global Q1 net income falls to $13M; sales $806M, down 9% YoY but up 5% sequentially","bullets":["Net income of $13M ($0.15 diluted EPS) vs $28M ($0.33) in Q1 2023; adjusted EPS $0.20.","Sales $806M, down 9% YoY but up 5% sequentially; adjusted gross margin 21.6% (8th consecutive quarter above 21%).","Adjusted EBITDA $57M (7.1% of sales) vs $69M; operating cash flow $38M.","Net debt leverage ratio 0.6x, lowest ever; plans to repay Term Loan B in Q2.","U.S. sales down 10% YoY; Gas Utilities down 13% due to customer inventory reduction."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-015409","json":"https://secwatch.observer/filing/0001437749-24-015409.json","markdown":"https://secwatch.observer/filing/0001437749-24-015409.md","text":"https://secwatch.observer/filing/0001437749-24-015409.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1439095/000143774924015409/0001437749-24-015409-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1439095/000143774924015409/mrc20240220_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T09:39:05.104487+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"46f19a082a9ae1d53bc28a6a49192d3fbfc0f394","claim":"MRC GLOBAL INC. reported the three months ended March 31, 2024 results: revenue $806 million, net income $13 million, EPS $0.15 per diluted share.","evidence_excerpt":"and was $188 million, or 21.2% of sales, for the first quarter of 2023 . First Quarter 2024 Financial Highlights: ● Cash flow provided by operations of $38 million ● Sales of $806 million, a 5% improvement compared to the fourth quarter of 2023 ● Adjusted Gross Profit, as a percentage of sales, of 21.6% , and eight consecutive quarters above 21% ● Adjusted EBITDA","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1439095/000143774924015409/0001437749-24-015409-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2024"},{"label":"Revenue","value":"$806 million"},{"label":"Net income","value":"$13 million"},{"label":"EPS","value":"$0.15 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}