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MRC Global 18 MRC Global Announces Third Quarter 2021 Results Sales of $ 685 million Net loss attributable to common stockholders of ( $ 17 ) million Adjusted net income attributable to common stockholders of $ 8 million Adjusted EBITDA of $ 39 million or 5.7 % , both the highest in two years Houston , TX - November 8 , 2021 - MRC Global Inc. ( NYSE : MRC ) , the leading global distributor of pipe , valves and fittings and infrastructure products and services to diversified end - markets , today announced third quarter 2021 results . The company's sales were $ 685 million for the third quarter of 2021 , which was consistent with the second quarter of 2021 but 17 % higher than the third quarter of 2020. Sequentially , the U.S. segment experienced modest growth led by the downstream , industrial and energy transition ( DIET ) sector offset by the International segment , which declined due to delayed maintenance , repairs and operations ( MRO ) and project activity . As compared to the third quarter of 2020 , broad economic recovery drove improvement in sales across all sectors . Net loss attributable to common stockholders for the third quarter of 2021 was ( $ 17 ) million , or ( $ 0.21 ) per diluted share , as compared to the third quarter of 2020 net loss of ( $ 3 ) million , or ( $ 0.04 ) per diluted share . Rob Saltiel , MRC Global's president and chief executive officer stated , “ Our third quarter results reflect solid execution and good cost control as we achieved adjusted EBITDA margins of 5.7 % , the highest for our company in two years . Our U.S. business grew 2 % sequentially while our International segment experienced revenue declines due to delayed MRO and project activity . We expect double - digit revenue growth next year based on our growing backlog and increased customer activity . " MRC Global's third quarter of 2021 gross profit was $ 95 million , or 13.9 % of sales , as compared to the third quarter of 2020 gross profit of $ 114 million , or 19.5 % of sales . Gross profit for the third quarter of 2021 includes $ 32 million of expense in cost of sales relating to the use of the last - in , first - out ( LIFO ) method of inventory cost accounting as compared to the third quarter of 2020 , which reduced cost of sales by $ 11 million . Adjusted gross profit , which excludes the impact of LIFO was $ 137 million , or 20.0 % of revenue , for the third quarter of 2021 and was $ 115 million , or 19.7 % of revenue , for the third quarter of 2020 . Please refer to the reconciliation of non - GAAP measures ( adjusted gross profit , adjusted SG & A , adjusted EBITDA ) to GAAP measures ( gross profit , SG & A , net income ) in this release .