NYSE$MRC
Mrc Global Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
MRC Global's Q4 2021 results were reported, demonstrating an increase in sales and adjusted EBITDA compared to the same quarter in 2020.
MRC Global reported an 18% increase in sales, reaching $686 million in Q4 2021 compared to Q4 2020. The adjusted EBITDA was $47 million, the highest since Q3 2018. The company targets at least $3 billion of revenue and $190 million of adjusted EBITDA for 2022.
- Sales increased by 18% to $686 million compared to the same quarter of 2020.
- Adjusted EBITDA reached $47 million, representing 6.9% of sales, the highest since the third quarter of 2018.
- Adjusted gross profit was 21.6% of sales.
- Cash flow from operations was $40 million.
Headline financials
Revenue & EPS history
MRC Global · Revenue · Quarterly
$686M
Revenue by segment
MRC Global · $646M total across 2 segments · Q4 2021
- U.S. Sales$566M+26.3%87.6%
- International Sales$80M-25.9%12.4%
Forward guidance
In 2022, MRC Global expects to achieve at least $3 billion in revenue and $190 million in adjusted EBITDA, with potential for outperformance if capital spending exceeds forecasted levels.
Tailwinds
- All four U.S. end-market sectors are expected to achieve double-digit revenue growth.
- Canada segment is expected to deliver revenue and adjusted EBITDA above 2021 levels.
- International segment is expected to deliver revenue and adjusted EBITDA above 2021 levels.
- Targeting at least $3 billion of revenue for the company as a whole.
- Targeting $190 million of adjusted EBITDA for the company as a whole.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 7 quarterly earnings reports
+1.5%
Avg return
Earnings day
+5.7%
Avg return
5 days after
+3.8%
Avg return
30 days after
53%
29 / 55 earnings
Positive
+43.4%
Q1 2020
Best reaction
-19.2%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | — | — | — | |
| Q2 2025 | -6.7% | -5.9% | +5.2% | |
| Q1 2025 | -6.0% | +6.6% | +4.5% | |
| Q4 2024 | +2.4% | +6.4% | -11.6% | |
| Q3 2024 | +18.4% | +11.8% | +13.6% | |
| Q2 2024 | -3.8% | -7.6% | -5.2% | |
| Q1 2024 | +9.4% | +18.8% | +8.5% | |
| Q4 2023 | +8.3% | +9.7% | +11.9% | |
| Q3 2023 | -5.3% | — | — | |
| Q2 2023 | -16.7% | — | — | |
| Q1 2023 | +0.3% | — | — | |
| Q4 2022 | -3.1% | — | — | |
| Q3 2022 | +8.0% | — | — | |
| Q2 2022 | -13.1% | — | — | |
| Q1 2022 | -19.2% | — | — | |
| Q4 2021 | +13.7% | — | — | |
| Q3 2021 | -9.3% | — | — | |
| Q2 2021 | -4.3% | — | — | |
| Q1 2021 | +5.3% | — | — | |
| Q4 2020 | -7.0% | — | — | |
| Q3 2020 | +4.0% | — | — | |
| Q2 2020 | +0.3% | — | — | |
| Q1 2020 | +43.4% | — | — | |
| Q4 2019 | -8.2% | — | — | |
| Q3 2019 | +22.0% | — | — | |
| Q2 2019 | -3.4% | — | — | |
| Q1 2019 | +7.7% | — | — | |
| Q4 2018 | +9.2% | — | — | |
| Q3 2018 | +10.0% | — | — | |
| Q2 2018 | -3.0% | — | — | |
| Q1 2018 | +2.2% | — | — | |
| Q4 2017 | -1.2% | — | — | |
| Q3 2017 | -2.7% | — | — | |
| Q2 2017 | +0.1% | — | — | |
| Q1 2017 | +4.0% | — | — | |
| Q4 2016 | -1.8% | — | — | |
| Q3 2016 | +2.0% | — | — | |
| Q2 2016 | +6.7% | — | — | |
| Q1 2016 | +1.1% | — | — | |
| Q4 2015 | +15.0% | — | — | |
| Q3 2015 | +14.6% | — | — | |
| Q2 2015 | -0.8% | — | — | |
| Q1 2015 | +14.2% | — | — | |
| Q4 2014 | -5.8% | — | — | |
| Q3 2014 | +3.7% | — | — | |
| Q2 2014 | -6.0% | — | — | |
| Q1 2014 | -0.2% | — | — | |
| Q4 2013 | -13.7% | — | — | |
| Q3 2013 | +4.7% | — | — | |
| Q2 2013 | -9.9% | — | — | |
| Q1 2013 | +6.7% | — | — | |
| Q4 2012 | -6.0% | — | — | |
| Q3 2012 | +3.1% | — | — | |
| Q2 2012 | -1.4% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q1 2012 | +1.6% | — | — | |
| Q4 2009 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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