)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
MRC Global (MRC) investor relations material
MRC Global Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary5 Nov, 2025
Executive summary
Announced and approved merger with DNOW, expected to close in Q4 2025, targeting $70M in annual cost synergies within three years.
Q3 2025 revenue was $678M, down 15% sequentially and 12% year-over-year, impacted by U.S. ERP implementation and weaker market conditions in PTI and DIET sectors.
Net loss from continuing operations was $(9)M, or (1.3)% of sales, compared to net income of $23M in Q3 2024.
Completed sale of Canadian operations in March 2025, resulting in a $30M net loss from discontinued operations for the nine months ended September 30, 2025.
Financial highlights
Gross profit for Q3 2025 was $125M (18.4% margin); adjusted gross profit was $148M (21.8% margin).
Adjusted EBITDA was $36M (5.3% of sales), down from $47M (6.1%) in Q3 2024; adjusted net income from continuing operations was $11M.
SG&A was $128M (18.9% of sales); adjusted SG&A was $116M (17.1% of sales).
Net cash used in operating activities for the nine months ended September 30, 2025 was $61M, compared to $195M provided in the prior year period.
Diluted EPS from continuing operations was $(0.11) for Q3 2025.
Outlook and guidance
Merger with DNOW expected to create a leading energy and industrial solutions provider, with $70M in annual cost synergies targeted within three years post-merger.
Elevated revenue backlog of $571M at the end of Q3 2025 is expected to convert to revenue in coming quarters.
Management expects normalization of cash flows in 2026 as ERP-related disruptions subside.
The company remains cautiously optimistic about the impact of U.S. tariffs and government policies on business activity.
ERP system recovery timeline and key metrics
DNOW merger: synergy realization and integration plan
Energy transition strategy given US policy shifts
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next MRC Global earnings date
Q4 202513 Feb, 2026
Next MRC Global earnings date
Q4 202513 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
MRC Global Inc distributes pipe, valve, and fitting products and related services to the energy and industrial sectors. The company supplies oil and gas, chemical, and power generation markets with a range of maintenance, repair, and project-related solutions. MRC Global supports customers through its global network of distribution centers and service facilities. The company is headquartered in Houston, Texas, and its shares are listed on the NYSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage