Mar. 14 at 10:42 AM
$MRC MRC Global reports Q4 adjusted EPS (8c), consensus 8c
Reports Q4 revenue
$664M, consensus
$726.9M. Rob Saltiel, MRC Global's President and CEO, commented, "We are optimistic about our business outlook for 2025 due to the rebound of our gas utilities business, the return of inflation to our product pricing, the growth of U.S. natural gas infrastructure investment and our penetration into chemicals, mining and data center markets.
We are also very excited to announce today our new IMTEC joint venture which simplifies the development of smart meters for our gas utilities customers. We anticipate growth in all three business sectors in 2025 and for revenue to be up low to high-single digits. In addition, we expect to generate at least
$100 million in cash from operations, achieve our target net debt leverage ratio of 1.5x by year end and to have ample cash to begin execution of our recently announced
$125 million share buyback authorization."
