ࡱ>  l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1 Courier New1 Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)-**_($* #,##0_);_($* (#,##0);_($* "-"_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* "-"_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* "-"??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* "-"??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)6 0%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0)                + ) , *   Ј ~~ ؈ ~~#؈ ~~ ؈ ~~8#܈ ~~"؈ ~~<#܈ ~~7#܈ ~~#؈ ~~83ffff̙̙3f3fff3f3f33333f33c Washington DC 20549MRC Global Inc&;INDEX TO QUARTERLY REPORT ON FO5MRC GLOBAL INC (1)\PIncome StatementeMRC GLOBAL INC (2)sMRC GLOBAL INC (3)NOTE 2 INVENTORIES&NOTE 3 LONGTERM DEBTHShare Repurchase Program&ױAccumulated Other ComprehensiveEarnings per Share!NOTE 8 SEGMENT INFORMATION[NOTE 8 SEGMENT (1) Recent Trends and Outlook& Three Months Ended June 30 2016#Three Months Ended June (1)|+ H8 (1)&ESix Months Ended June 30 2016 C$PSix Months Ended June 30 (1) Dg (2) t (3) Cash Flows&5Item 2 Unregistered Sales of Eqc SIGNATURES` CERTIFICATIONCERTIFICATION (1)&AS ADOPTED PURSUANT TO SECTION l  !,  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } } 0 !     MRC GLOBAL INC. 10-Q 08/03/2016Washington, D.C. 20549 ?      ?/ 'QUARTERLY REPORT PURSUANT TO SECTION 13  OR 15(d) OF THE  ?' SECURITIES EXCHANGE ACT OF 1934 ? ?0(FOR THE QUARTERLY PERIOD ENDED JUNE 30 , 201 6 ? ? O R ? ?-%TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE'SECURITIES EXCHANGE ACT OF 1934.&FOR THE TRANSITION PERIOD FROM _______ TO _______ ? ?$____________________________1)Created by Morningstar Document Research.DlymL4mU4h"a@ 0 (http://documentresearch.morningstar.com/H=PF0*8X> @  l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } :}       MRC GLOBAL INC. 10-Q 08/03/2016MRC Global Inc. Delaware 20-5956993/ ' (State or Other Jurisdiction of (I.R.S. Employer& Incorporation or Organization) Identification No.)  ?   Fulbright Tower~ J0 ( 1301 McKinney Street, Suite 2300 Houston, Texas80 (Address of Principal Executive Offices) (Zip Code)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.tBX$p=PF0*8X> @ l  >+ 5  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global IncMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } } D}  >     MRC GLOBAL INC. 10-Q 08/03/2016.&INDEX TO QUARTERLY REPORT ON FORM 10-Q ?  Page. & PART I ? FINANCIAL INFORMATION  ?    ITEM 1(  financial statements (UNAUDITED)~   ?   ?-%Condensed Consolidated Balance Sheets~ 91? June 30 , 201 6 and December 31 , 201 5 ? ?,$Condensed Consolidated Statements of~  1)Operations ? Three and six MONTHS ended0(June 3 0 , 201 6 AND June , 201 5 ? ?,$Condensed Consolidated Statements of~ 3+cOMPREHENSIVE INCOME ? three and six months-%ended June 30, 2016 and June 30, 2015 ? ?,$Condensed CONSOLIDATED STATEMENTS OF~ A9cash flows ? six MONTHS ENDEd june 30 , 201 6 andjune 30, 201 5 ? ?5-Notes to the Condensed Consolidated Financial~ %Statements ? June 30, 201 6 ?Dlui]0e8nmmt !"#$%&'()*+,-./0123456789:;<=  ITEM 2., $management?s discussion and analysis !"!of financial condition and" ?"results of operations~ ":# ?##$ ITEM 3.0$(quantitative and qualitative disclosures~ $r%%about market risk& ?&&' ITEM 4.'controls and procedures~ 'r( ?((+)# PART II ? OTHER INFORMATION* ?**+ ITEM 1.+LEGAL PROCEEDINGS~ +v, ?,,- ITEM 1a.- RISK FACTORS~ -v. ?../ ITEM 2.//'UNREGISTERED SALES OF EQUITY SECURITIES~ /v00AND USE OF PROCEEDS1 ?112 ITEM 3.'2Defaults Upon Senior Securities~ 2z3 ?334 ITEM 4.!4MINING SAFETY DISCLOSURES~ 4z5 ?556 ITEM 5.6other information~ 6z7 ?778 ITEM 6.8Exhibits~ 8~9:$;____________________________1<)Created by Morningstar Document Research.0=(http://documentresearch.morningstar.com/@Dw3S~8 @gy<0$=PF0*8X> @2==<<;;))   l  ACiOO  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOIncome StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } K} y } $ } < A     MRC GLOBAL INC. 10-Q 08/03/2016MRC GLOBAL INC. ?  ? June 30,   December 31,  ?~  ~ ~  ?     Assets     Current assets:    Cash $ 167 $ 69( Accounts receivable, net~ ~ V  Inventories, net~  ~ 6 $ Other current assets~ v~ Z$ Total current assets~ ~  ? Other assets~ V~ Z ?2* Property, plant and equipment, net~ ~  ?" Intangible assets: Goodwill, net~ ~ ,$ Other intangible assets, net~ ~ . ?$ 2,387$ 2,497 ?4, Liabilities and stockholders' equity( Current liabilities:& Trade accounts payable $ 320 $ 327D lt;x:Zn5V2V !"#$%&'()*+,-./0123456789:;<=>?> 6 Accrued expenses and other current liabilities~  ~ 5!- Current portion of long-term debt~ !"!~ !")"! Total current liabilities~ ""~ "# ?###&$ Long-term obligations:$$$#% Long-term debt, net~ %%~ %%& Deferred income taxes~ &2&~ &B!' Other liabilities~ '^'~ 'Z( ?(((-)% Commitments and contingencies)))* ?***B+: 6.5% Series A Convertible Perpetual Preferred+++*,"Stock, $0.01 par value; authorized:-2 363,000 shares; 363,000 shares issued~ --~ -.and outstanding/ ?///%0 Stockholders' equity:000810 Common stock, $0.01 par value per share:111&2500 million shares authorized,G3? 102,488,749 and 102,202,599 issued, respectively~ 33~ 3.4& Additional paid-in capital~ 44~ 4  5 Retained deficit~ 5"5~ 576/ Less: Treasury stock at cost: 6,094,663~ 66~ 6(7 and 816,389 shares, respectively48, Accumulated other comprehensive loss~ 88~ 8b9 ?~ 9 9~ 9: ?:$ 2,387::$ 2,497=;5 See notes to condensed consolidated financial;;;< statements.=$>____________________________1?)Created by Morningstar Document Research.Dy l5Y l3; S| ct3pd@0@(http://documentresearch.morningstar.com/H=PF0*8X> @@@??>> l  %dUe  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)MRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } >} y } $ } y } $ } y } $ } y %     MRC GLOBAL INC. 10-Q 08/03/2016Income Statement ?  ? Three Months Ended  Six Months Ended  ? June 30,  June 30,  June 30,  June 30,  ?~  ~ ~ ~  ~ ~  ?         Sales $ 746  $ 1,198  $ 1,529  $ 2,490 Cost of sales~  ~ ~ ~ B  Gross profit~ ~ :~  ~ <4 Selling, general and administrative expenses~ ~ ~~ B~ +# Operating (loss) income~ ~ ~ ~  Other expense:  Interest expense~ ~ ~ ~  Other, net~ ~ ~ ~ 1) (Loss) income before income taxes~ ~ v~ ~ ,$ Income tax (benefit) expense~ ~ 6~ ~ j! Net (loss) income~ ~ B~ ~ 2* Series A preferred stock dividends~ ~ ~ 2~ 80 Net (loss) income attributable to common$ (23) $ 15$ (37) $ 44 stockholders ?6. Basic (loss) earnings per common share$ (0.24)$ 0.15$ (0.37)$ 0.43<4 Diluted (loss) earnings per common share$ (0.24)$ 0.15$ (0.37)$ 0.4391 Weighted-average common shares, basiclX@̌Y@X@fffffY@;3 Weighted-average common shares, dilutedlX@33333Y@X@fffffY@DNls &LH0/5aI6 !"#$ !$"____________________________1#)Created by Morningstar Document Research.0$(http://documentresearch.morningstar.com/ P=PF0*8X> @*$$##""   l  yr  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } =} y } $ } y } $ } y } $ } y      MRC GLOBAL INC. 10-Q 08/03/2016MRC GLOBAL INC. ?  ? Three Months Ended  Six Months Ended  ? June 30,  June 30,  June 30,  June 30,  ?~  ~ ~ ~  ~ ~  ?       !  Net (loss) income $ (17)  $ 16  $ (25)  $ 45 ?1) Other comprehensive (loss) income;3 Foreign currency translation adjustments~ ~ .~ 2~ Z/' Comprehensive (loss) income$ (21) $ 27$ (13) $ 3 ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4Yt 'MW30$=PF0*8X> @*   l  DC  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U }  Inventories~ ~ b$ Other current assets~  ~ $ Income taxes payable~ ~   Accounts payable~ ~ FDR lt; Kb3&sha !"#$%&'()*+,-./0123456789:;<=>?> 6 Accrued expenses and other current liabilities~  ~ f3!+ Net cash provided by operations~ !R!~ !V" ?"""$# Investing activities###:$2 Purchases of property, plant and equipment~ $$~ $=%5 Proceeds from the disposition of non-core~ %%~ %& product line*'" Other investing activities~ ' '~ '8(0 Net cash provided by (used in) investing~ ((~ () activities* ?***$+ Financing activities+++7,/ Payments on revolving credit facilities~ ,,~ ,=-5 Proceeds from revolving credit facilities~ -n-~ -r5.- Payments on long-term obligations~ ..~ . :/2 Proceeds from issuance of preferred stock,~ //~ /0net of issuance costs(1 Purchase of common stock~ 11~ 112) Dividends paid on preferred stock~ 22~ 253- Net cash used in financing activities~ 33~ 34 ?444 5 Increase in cash~ 55~ 5*76/ Effect of foreign exchange rate on cash~ 66~ 6/7' Cash -- beginning of period~ 77~ 7f%8 Cash -- end of period 8$ 1678 8$ 339 ?9995:- Supplemental disclosures of cash flow:::; information:&< Cash paid for interest <$ 16< <$ 26*=" Cash paid for income taxes =$ 6= =$ 50=>5 See notes to condensed consolidated financial>>>? statements.DB l7LuvInw+mi@ABC@$A____________________________1B)Created by Morningstar Document Research.0C(http://documentresearch.morningstar.com/ <=PF0*8X> @"CCBBAA  l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } =} y } $ } <      MRC GLOBAL INC. 10-Q 08/03/2016NOTE 2 INVENTORIES ?  ? June 30,   December 31,  ?~  ~ ~9 1 Finished goods inventory at average cost:   9 1 Energy carbon steel tubular products $ 165  $ 253; 3 Valves, valve actuation and instrumentation~  ~ F& All other products~ ~  ?~ ~ ~ ;3 Less: Excess of average cost over LIFO cost~ ~ (LIFO reserve).& Less: Other inventory reserves~ ~~  ? $ 689 $ 781$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6}q8M{)k=PF0*8X> @ l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } >} y } $ } <      MRC GLOBAL INC. 10-Q 08/03/2016NOTE 3 LONG-TERM DEBT ?  ? June 30,   December 31,  ?~  ~ ~; 3 Senior Secured Term Loan B, net of discount $ 516  $ 519< 4and issuance costs of $6 and $7 , respectively'  Global ABL Facility~  ~  ?~ ~ % Less: Current portion~ "~ " ? $ 508 $ 511$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0zn5>n=PF0*8X> @ l  (  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBT!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } >} y} $ } y } $ } y} $ } y      MRC GLOBAL INC. 10-Q 08/03/2016 Share Repurchase Program ?: 2 Summary of share repurchase activity under     the repurchase program:  ?         ? Three Months Ended  Six Months Ended  ? June 30,  June 30,  June 30,  June 30, ?~ ~ ~~ ~ ~<4 Number of shares acquired on the open market~ r~ ~  )B~ +# Average price per share$ 13.82 $ -$ 13.59 $ -;3 Total cost of acquired shares (in millions) $ 33 $ - $ 71 $ -$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2wkq$=PF0*8X> @:     l  $  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase ProgramEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } U5} y } $ } <      MRC GLOBAL INC. 10-Q 08/03/2016,$Accumulated Other Comprehensive Loss ?  ?     ? June 30,   December 31,  ?~  ~ ~  ?   0 ( Currency translation adjustments $ (219)  $ (231)+# Pension related adjustments~ ~ 4, Accumulated other comprehensive loss$ (220)$ (232)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.Jwk_&c*m=PF0*8X> @ l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } >} y } $ } y } $ } y } $ } y      MRC GLOBAL INC. 10-Q 08/03/2016Earnings per Share ?  ?         ? Three Months Ended  Six Months Ended  ? June 30,  June 30,  June 30,  June 30,  ?~  ~ ~ ~  ~ ~  ?        ?! Net (loss) income$ (17) $ 16$ (25) $ 45;3 Less: Dividends on Series A Preferred Stock~ ~ ~ 2~ <4 Net (loss) income attributable to common$ (23) $ 15$ (37) $ 44 stockholders ?91 Weighted average basic shares outstandinglX@̌Y@X@fffffY@1) Effect of dilutive securities~ 333333?~ ?;3 Weighted average diluted shares outstandinglX@33333Y@X@fffffY@ ?,$ Net (loss) income per share: Basic$ (0.24)$ 0.15$ (0.37)$ 0.43 Diluted$ (0.24)$ 0.15$ (0.37)$ 0.43$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/D l}qDJxP'~:I/#=PF0*8X> @*   l  )L  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } 6} y } $ } y } $ } y } $ } < )     MRC GLOBAL INC. 10-Q 08/03/2016"NOTE 8 SEGMENT INFORMATION ?  ? Three Months Ended  Six Months Ended  ? June 30,  June 30,  June 30,  June 30,  ?~  ~ ~ ~  ~ ~  Sales         U.S. $ 551  $ 956  $ 1,157  $ 1,928 Canada~ ~ :~ ~  International~ 6~ ~ ~  Sales $ 746$ 1,198$ 1,529$ 2,490 ?' Operating (loss) income U.S. $ (2) $ 49 $ 2 $ 101 Canada~ ~  ~ ~ " International~ ~ ~ ~ ' Operating (loss) income~ ~ ~  $ 108 ?  Interest expense~ ~ ~ ~  Other, net~ ~ ~ ~ 5- (Loss) i ncome before income taxes$ (19) $ 29$ (32) $ 71 ? ? ?June 30, December 31, ?~ ~ ~ Total assetsDVlui>D@Xe^uZ  !"#$%&'(  U.S.     $ 2,011  $ 2,135! Canada!!!!~ !F!~ !:" International""""~ ""~ "r# Total assets#####$ 2,387##$ 2,497$%$&____________________________1')Created by Morningstar Document Research.0((http://documentresearch.morningstar.com/D =PF0*8X> @*((''&&   l  /  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONRecent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } mB} $ } y } $ } y } $ } y } $ } y                                MRC GLOBAL INC. 10-Q 08/03/2016"NOTE 8 SEGMENT INFORMATION ?  ?  Three Months Ended  Six Months Ended  ?  June 30,  June 30,  June 30,  June 30,  Type ~  ~ ~ ~  ~ ~5 - Energy carbon steel tubular products:        !  Line pipe (1)  $ 96  $ 242  $ 228  $ 5080( Oil country tubular goods (OCTG)~ ~ :~ ~  ? $ 96 $ 320 $ 228 $ 692 ? ?=5 Valves, fittings, flanges and other products:?7 Valves, valve actuation and instrumentation $ 299 $ 396 $ 598 $ 80791 Fittings, flanges and stainless steel~ ~ ~ .~ and alloy pipe Gas products~ ~ ~ B~  Other~ B~ ~ ~  ? $ 650 $ 878$ 1,301$ 1,798$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@u DuixG#9<"tL=PF0*8X> @*   l  &M  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } 6} y } $ } y } $ } y } $ } y &     MRC GLOBAL INC. 10-Q 08/03/2016!Recent Trends and Outlook ?  ? Three Months Ended  Six Months Ended  ? June 30,  June 30,  June 30,  June 30,  ?~  ~ ~ ~  ~ ~&  Average Rig Count (1):         United States~  ~ . ~  ~  Canada~ ~ ~ ~ : International~ ~ F~ N~  Total~ ~ !~ ~ ( ?-% Average Commodity Prices (2):*" WTI crude oil (per barrel)$ 45.46$ 57.85$ 39.55$ 53.25,$ Brent crude oil (per barrel)$ 45.57$ 61.65$ 39.80$ 57.84# Natural gas ($/Mcf)$ 2.15$ 2.75$ 2.07$ 2.82 ?5- Average Monthly U.S. Well Permits (3)~  ~ :~  ~ ;& 3:2:1 Crack Spread (4)$ 17.12$ 24.41$ 16.29$ 23.05' _______________________?7 (1) Source-Baker Hughes ( www.bakerhughes.com ).&(Total rig count includes oil, naturalgas and other rigs.)D< (2) Source-Department of Energy, EIA ( www.eia.gov )*" (3) Source-Rig Data (U.S.)D$ lvj.;I[!s0 !"#$%$  (4) Source-Bloomberg!"$#____________________________1$)Created by Morningstar Document Research.0%(http://documentresearch.morningstar.com/Id=PF0*8X> @Z %%$$##    l  5  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and OutlookThree Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } a} } $ } } $ } I } $ }       MRC GLOBAL INC. 10-Q 08/03/2016YQThree Months Ended June 30, 2016 Compared to the Three Months Ended June 30, 2015 ?  ? Three Months Ended  ?  June 30, 2016   June 30, 2015  Upstream $ 211  28%  $ 434  36%  Midstream~   39% ~   35%  Downstream~   33% ~ f  29% ? $ 746 100%$ 1,198 100% ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.gVJ>2CHO=PF0*8X> @2    l  ('+  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } :} y } $ } y } $ } y } $ } y (     MRC GLOBAL INC. 10-Q 08/03/2016YQThree Months Ended June 30, 2016 Compared to the Three Months Ended June 30, 2015 ?  ? Three Months Ended      ? June 30,  June 30,      ?~  ~ ~  $ Change  % Change  Sales:         U.S. $ 551  $ 956  $ (405)  (42%) Canada~ ~ :~  (31%) International~ 6~ ~  (14%) Consolidated $ 746$ 1,198$ (452) (38%) ?( Operating (loss) income: U.S. $ (2) $ 49$ (51)(104%) Canada~ ~  ~ (200%) International~ ~ ~  50% Consolidated~ ~ ~ (121%) ?  Interest expense~ ~ ~  (31%) Other expense~ ~ ~ (100%),$ Income tax (benefit) expense~ ~ 6~ (115%)! Net (loss) income~ ~ B~ ~(206%)2* Series A preferred stock dividends~ ~ ~  N/M80 Net (loss) income attributable to common$ (23) $ 15$ (38)(253%) stockholders ?DlVJ>2fp-^ !"#$%&'  Gross profit $ 125  $ 206  $ (81)  (39%))!! Adjusted Gross Profit (1) !$ 140! !$ 211!!$ (71)! !(34%)#" Adjusted EBITDA (1) "$ 15" "$ 63""$ (48)" "(76%)#$$%____________________________1&)Created by Morningstar Document Research.0'(http://documentresearch.morningstar.com/wSG;=PF0*8X> @"''&&%%  l  7  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1) (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } -} y } $ } <} $ } y } $ }       MRC GLOBAL INC. 10-Q 08/03/2016 ?  ? Three Months Ended  ? June 30,   Percentage  June 30,   Percentage  ?~    of Revenue * ~ ~   of Revenue) ! Gross profit, as reported $ 125  16.8%  $ 206  17.2%- % Depreciation and amortization~   0.7% ~   0.4%+# Amortization of intangibles~ . 1.5%~ > 1.2%( Decrease in LIFO reserve~ (0.1%)~ (1.2%)% Adjusted Gross Profit $ 140 18.8% $ 211 17.6%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2ZB"a=PF0*8X> @"  l  1E  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1) !Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } ( Decrease in LIFO reserve~ ~ >6 Change in fair value of derivative instruments~ ~ 5- Equity-based compensation expense~ ~ 0( Write off of debt issuance costs~ ~ 3+ Severance and restructuring charges~ ~ ' Foreign currency losses~ ~   Adjusted EBITDA $ 15 $ 63 ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@DJ>A,on5)=PF0*8X> @"  l  O  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)Six Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } a} I } $ } } $ } I } $ }       MRC GLOBAL INC. 10-Q 08/03/2016UMSix Months Ended June 30, 2016 Compared to the Six Months Ended June 30, 2015 ?  ? Six Months Ended  ?  June 30, 2016   June 30, 2015  Upstream $ 442  29%  $ 981  39%  Midstream~   37% ~ z   32%  Downstream~   34% ~    29% ?$ 1,529 100%$ 2,490 100%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,|ZNB6INSG;=PF0*8X> @2    l  (cf  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 C (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } :} y } $ } y } $ } y } $ } y (     MRC GLOBAL INC. 10-Q 08/03/2016UMSix Months Ended June 30, 2016 Compared to the Six Months Ended June 30, 2015 ?  ? Six Months Ended      ? June 30,  June 30,      ?~  ~ ~  $ Change  % Change  Sales:         U.S. $ 1,157  $ 1,928  $ (771)  (40%) Canada~ ~ ~  (40%) International~ ~ ~ F (30%) Consolidated$ 1,529$ 2,490$ (961) (39%) ?( Operating (loss) income: U.S. $ 2 $ 101$ (99) (98%) Canada~ ~ "~ (138%) International~ ~ ~  N/M Consolidated~ ~ ~ (113%) ?  Interest expense~ ~ ~ . (39%) Other expense~ ~ ~ " (89%),$ Income tax (benefit) expense~ ~ j~ ~(127%)! Net (loss) income~ ~ ~ (156%)2* Series A preferred stock dividends~ 2~ ~ . N/M80 Net (loss) income attributable to common$ (37) $ 44$ (81)(184%) stockholders ?DlZNB6lv /a !"#$%&'  Gross profit $ 258  $ 426  $ (168)  (39%))!! Adjusted Gross Profit (1) !$ 287! !$ 452!!$ (165)! !(37%)#" Adjusted EBITDA (1) "$ 34" "$ 150""$ (116)" "(77%)#$$%____________________________1&)Created by Morningstar Document Research.0'(http://documentresearch.morningstar.com/vOC7=PF0*8X> @"''&&%%  l  zs  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } -} y } $ }  } $ } y } $ }       MRC GLOBAL INC. 10-Q 08/03/2016 ?  ? Six Months Ended  ? June 30,   Percentage  June 30,   Percentage  ?~    of Revenue ~ ~   of Revenue) ! Gross profit, as reported $ 258  16.9%  $ 426  17.1%- % Depreciation and amortization~ *  0.7% ~ *  0.4%+# Amortization of intangibles~ ^ 1.5%~ ~ 1.2%( Decrease in LIFO reserve~ (0.3%)~ (0.6%)% Adjusted Gross Profit $ 287 18.8% $ 452 18.1% ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2\F&\=PF0*8X> @"  l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } 6 Change in fair value of derivative instruments~  ~  5- Equity-based compensation expense~ ~ 0( Write off of debt issuance costs~ ~ 3+ Severance and restructuring charges~ &~ &' Foreign currency losses~  ~  Adjusted EBITDA $ 34 $ 150 ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@DJ@C.qo6*=PF0*8X> @"  l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3)!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } I;} y } $ } y      MRC GLOBAL INC. 10-Q 08/03/2016 Cash Flows ?  ? Six Months Ended  ? June 30,  June 30,  ?~  ~ ~/ ' Net cash provided by (used in):   '  Operating activities $ 148  $ 277' Investing activities~ ~ ' Financing activities~ ~ 91 Net increase in cash and cash equivalents $ 97 $ 10 ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2y@23uM=PF0*8X> @"  l  %;  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows SIGNATURES CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } $} +} $ } I"} $ } 0} $ } U5 %     MRC GLOBAL INC. 10-Q 08/03/2016KCItem 2. Unregistered Sales of Equity Securities and Use of Proceeds ?8 0 A summary of our purchases of MRC Global3 +Inc. common stock during the second quarter* "of fiscal year 2016 is as follows:  ?         ?, $Total Number of Shares Purchased (1) $ Average Price Paid per Share 0 (Total number of Shares Purchased as Part / 'Maximum Dollar Value of Shares that May/'of Publicly Announced Plans or Programs4,Yet Be Purchased Under the Plans or Programs~  Apr 1 - Apr 30~ $ 13.98 $ 49,918,155 May 1 - May 31~ ׀$ 13.80~ ׀ $ 20,786,183 Jun 1 - Jun 30~ $ 13.95~  $ 16,763,722 ?~ jb ?<4 (1) We purchased 15,346 shares in connection4,with funding employee income tax withholding:2obligations arising upon the lapse of restrictionson restricted shares.80 (2) We purchased 2,399,400 shares during0(the period as part of a share repurchase1)program authorized by the Company's board7/in November 2015. The plan allows for purchases1)of common stock up to $100 million and is-%scheduled to expire in December 2017. ?D ldXL@d6"5Gp4[ !"#$ !$"____________________________1#)Created by Morningstar Document Research.0$(http://documentresearch.morningstar.com/ P=PF0*8X> @$$##""    l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq CERTIFICATIONCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } U5      MRC GLOBAL INC. 10-Q 08/03/2016 SIGNATURES ?  MRC GLOBAL INC.  ?, $ By: /s/ James E . Braun  James E. Braun4 ,Executive Vice President and Chief FinancialOfficer$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,|ydA,wO=PF0*8X> @ l  "  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURESCERTIFICATION (1)!AS ADOPTED PURSUANT TO SECTION U } } -      MRC GLOBAL INC. 10-Q 08/03/2016 CERTIFICATION ?  ? "  /s/ Andrew R. Lane   Name: Andrew R. Lane  Title:- %President and Chief Executive Officer$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,|vU4l`T,=PF0*8X> @"  l  +  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATION!AS ADOPTED PURSUANT TO SECTION U } } >      MRC GLOBAL INC. 10-Q 08/03/2016 CERTIFICATION ?"  /s/ James E. Braun  Name: James E. Braun  Title:< 4Executive Vice President and Chief Financial Officer   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(TvU/~rJ=PF0*8X> @"  l  ׿  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??Washington DC 20549MRC Global Inc!INDEX TO QUARTERLY REPORT ON FOMRC GLOBAL INC (1)Income StatementMRC GLOBAL INC (2)MRC GLOBAL INC (3)NOTE 2 INVENTORIESNOTE 3 LONGTERM DEBTShare Repurchase Program!Accumulated Other ComprehensiveEarnings per ShareNOTE 8 SEGMENT INFORMATIONNOTE 8 SEGMENT (1)Recent Trends and Outlook!Three Months Ended June 30 2016Three Months Ended June (1)  (1)!Six Months Ended June 30 2016 CSix Months Ended June 30 (1) (2) (3) Cash Flows!Item 2 Unregistered Sales of Eq SIGNATURES CERTIFICATIONCERTIFICATION (1)U } } >      MRC GLOBAL INC. 10-Q 08/03/2016LDAS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 ?  ? "  /s/ Andrew R. Lane   Name: Andrew R. Lane  Title:- %President and Chief Executive Officer ?" /s/ James E. Braun Name:James E. Braun Title:<4Executive Vice President and Chief Financial Officer$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6<cWK?M8yaUI!=PF0*8X> @2  Root Entry FBook    !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~