MRC Global Inc. (MRC), a leading distributor of pipe, valve, and fitting products, announced on Friday that its Board has approved a new $125 million share repurchase initiative, scheduled to conclude by January 2, 2028.
Rob Saltiel, CEO of MRC Global, commented: "This decision underscores our confidence in the company's prospects and our robust financial standing. Our capital allocation strategy is threefold: maintaining a net debt leverage ratio below 1.5x, returning capital to shareholders, and making strategic investments in the company's future growth. We plan to commence this repurchase program execution in the second quarter."
The timing, manner, quantity, and value of shares repurchased will be at the discretion of management.
