secwatch.observer — SEC 8-K summary
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Issuer:     MRC GLOBAL INC. (—)
CIK:        0001439095
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001437749-24-033346
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MRC Global Q3 net income $23M ($0.27 EPS); raises FY cash flow guidance to $220M+; repurchases preferred shares
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- Q3 sales $797M (-10% YoY); net income $23M ($0.27 diluted); adjusted net income $19M ($0.22 diluted).
- Operating cash flow $96M in Q3, $197M YTD; full-year guidance raised to $220M+ (from $200M).
- Repurchased all 6.5% convertible perpetual preferred stock for $361M plus accrued $4M; funded by new $350M TLB.
- Chairman Robert L. Wood retired; Deborah G. Adams elected as new Board Chair, effective immediately.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1439095/000143774924033346/0001437749-24-033346-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1439095/000143774924033346/mrc20240813c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-033346

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer