MRC Global Inc. announced on February 5, 2025, that it has postponed the release of its financial results and conference call for the fourth quarter and full year 2024. These events were previously scheduled for February 11 and February 12, 2025, respectively, and will be rescheduled at a later date.
The company is delaying the release to allow additional time to complete year-end audit procedures, specifically related to inventory cycle counts, including physical inventory procedures. This indicates a need for further verification of inventory figures before finalizing financial statements.
MRC Global expects to file its Form 10-K for the year ended December 31, 2024, on or before March 3, 2025. The postponement signals potential complexities in the audit process, which can be a point of concern for investors regarding the accuracy of financial reporting.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.