Industrial PVF and infrastructure supplies distributor MRC Global reported its 2025 first quarter financial results on May 6, showing an increase in sales month-to-month, despite a sliding year-over-year.

The Houston-based company posted 1Q sales of $712 million, down 8% year-over-year but up 7% sequentially.

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The company’s sectors of Production and Transmission Infrastructure (PTI) and Downstream and Industrial and Energy Transition (DIET) were all down year-over-year, while Gas Utilities increased from 1Q24. Compared to 4Q24, Gas Utilities increased 8%; DIET increased 6%; and PTI increased 8%.

MRC’s U.S. 1Q sales of $591 million were own 11% year-over-year but increased by 9% sequentially. PTI and DIET sector sales decreased 22% and 20% year-over-year, respectively. While Gas Utilities sales increased 3%, due to customers resuming normalized buying patterns and increased capital spending budgets.

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The company’s 1Q gross margin of 19.9% was down 60 basis points year-over-year, and likewise down 40 bps month-over-month. Adjusted gross margin of 21.5% was down 40 bps year-over-year.

MRC 1Q adjusted EBITDA of $36 million (5.1% margin) was down from 1Q24’s $57 million (7.3% margin). However, adjusted EBITDA was up from 4Q24’s $32 million (4.8% margin).

“First quarter results were strong across all of our key metrics, consistent with our recent press release,” MRC Global President and CEO Rob Saltiel said in the company’s financial release. “Our business has continued to perform well into the second quarter, with our backlog as of April 30, 2025, up 13% over year-end levels, with solid gains across all three market sectors. This backlog growth, along with increasing intake levels and improving visibility on near-term project deliveries, reinforces our outlook that second quarter revenues should increase sequentially by a high-single to a low-double digit percentage.”

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MRC Global was No. 15 on MDM’s Top Distributor’s List for Industrial Supplies and No. 3 for Industrial PVF.