2023 Annual Report & 2024 Proxy

“In 2023, MRC Global once again delivered highly-valued services to our diversified base of energy and industrial customers, while expanding our presence in key markets. Revenue grew for a third straight year to eclipse $3.4 billion. Activity levels declined in the second half of 2023 due to the effects of higher interest rates, increased construction costs and inventory destocking by certain of our customers. Despite these headwinds, we achieved strong profit margins and generated significant cash from operations. As we begin 2024, our company’s net debt is at its lowest level as a public company, and we maintain ample liquidity on our balance sheet. Our foundation for future success remains solid, and we are stronger than ever.”

Rob Saltiel
President & CEO

View and download our 2023 Annual Report

View and download our 2024 Proxy Statement