MRC Global Shares Cease Trading Following Acquisition Completion

MRC Global US55345K1034

MRC Global Inc. has been delisted from the New York Stock Exchange (NYSE), with the final trading day recorded as November 6, 2025. This move formally concludes the company's status as a publicly traded entity and follows the finalization of its acquisition by DNOW Inc. The all-stock transaction, valued at approximately $1.5 billion, was successfully completed in early November.

The merger, initially agreed upon in late June 2025, unites two major distributors of products and services for the energy and industrial sectors. Shareholders of MRC Global received 0.9489 shares of DNOW for each share they previously held. The combined organization now operates across more than 350 global locations.

Leadership for the enlarged company has been established, with David Cherechinsky, the former President and Chief Executive Officer of DNOW, retaining the CEO role. Furthermore, DNOW’s board has been expanded to ten members, incorporating two former executives from MRC Global’s leadership team.

DNOW management has projected that the integration will yield annual cost synergies of roughly $70 million, which are expected to be realized within a three-year timeframe. The transaction is also anticipated to be accretive to DNOW’s earnings, potentially boosting earnings per share by an estimated 25% in 2026.

Final Independent Financial Results

Prior to the merger’s close, MRC Global released its standalone financial report for the third quarter of 2025. The figures revealed a year-over-year revenue decline of 12.1%, bringing in $678 million. Adjusted earnings per share came in at $0.13, a figure that fell short of analyst consensus estimates by 60.6%.

Company leadership at the time, including then-CEO Rob Saltiel, attributed the quarterly challenges primarily to operational disruptions stemming from the rollout of a new enterprise resource planning (ERP) system in its U.S. operations. Despite these headwinds, management expressed confidence that performance had shown improvement by the end of the quarter and into October, with expectations for stronger order backlogs and cash flow in subsequent periods.

Forward Perspective

Market attention now shifts entirely to DNOW Inc. and its forthcoming consolidated financial statements. Investors and analysts will closely monitor these reports to gauge the progress of integration efforts, the realization of projected cost savings, and the resolution of the previously cited operational issues. All future financial disclosures pertaining to the former MRC Global business segments will be presented within DNOW’s periodic earnings releases and filings.