MRC Global Announces $125 Mln Share Repurchase Drive
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MRC Global Inc. has announced a $125 million share repurchase program authorized by its Board, set to expire on January 2, 2028. CEO Rob Saltiel expressed confidence in the company's future and financial flexibility, highlighting a capital allocation strategy focused on reducing net debt leverage, returning cash to shareholders, and investing in growth. The execution of the repurchase program is expected to begin in the second quarter, with management determining the specifics of the share buyback.
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