MRC Global Inc (MRC) 2020年年度报告「NYSE」.pdf

1、Six actions that have set our course for the future2 0 2 0 A N N U A L R E P O R TFebruary 2021 marks our 100th anniversary.During that time we have integrated companies from around the world into a single,unified,resilient culture.We are proud to have hit the century mark and energized to begin the

2、 next historic events in 2020 threatened our industry and every company within it,MRC Global took action.In fact,we took six definitive actions to weather the prevailing conditions,and more importantly,to position ourselves to take full advantage of the inevitable recovery.MRC Global has been a soli

3、d,thriving business for 100 years because we have always taken care of our customers while taking decisive measures to build a strong future for our company.Here is how we continued that legacy in 2020.1A C O M PA N Y O F A C T I O N123456PAGE2We expanded our customer mix,our product lines and our s

4、elling platforms.123456 Gas Utility RevenueCAGR 10%20142010201520112016201220172013201820192020$610$587$694$631$748$844$857$832PAGEPAGE$532$405$310(millions)3DiversifiedPAGEIn 2020 we continued to buffer MRC Global against the volatility of oil and gas markets.Today,about a third of our business com

5、es from the more stable gas utilities market,where we have secured multi-year contracts with 18 of the top 25 companies in the United States.We are focused on growing this business.Approximately two-thirds of our downstream and industrials sector is less dependent on oil and gas prices too.We have d

6、iversified our inventories away from commodity lines to higher-margin,price-stable valve offerings.We are selling in more ways and with greater efficiencies by moving more customers online through our e-commerce initiative.Additionally,our geographic diversity served us well in 2020,as our internati