MRC Global (MRC) Q2 2019 Earnings Call Transcript
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MRC Global (NYSE: MRC)
Q2 2019 Earnings Call
Aug 02, 2019, 10:00 a.m. ET

Contents:

  • Prepared Remarks

  • Questions and Answers

  • Call Participants

Prepared Remarks:


Operator

Greetings, and welcome to the MRC Global second-quarter earnings conference call. [Operator instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Monica Broughton, director of investor relations. Thank you, Ms.

Broughton. You may begin.

Monica Broughton -- Director of Investor Relations

Thank you and good morning, everyone. Welcome to the MRC Global second-quarter 2019 earnings conference call and webcast. We appreciate you joining us today. On the call, we have Andrew Lane, president and CEO; and Jim Braun, executive vice president and CFO.

There will be a replay of today's call available by webcast on our website, mrcglobal.com, as well as by phone until August 16, 2019. The dial-in information is in yesterday's release. We expect to file our quarterly report on Form 10-Q later today, and it will also be available on our website. Please note that the information reported on this call speaks only as of today, August 2, 2019, and therefore, you are advised that it may no longer be accurate as of the time of replay.

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In our remarks today, we will discuss adjusted gross profit, adjusted gross profit percentage, adjusted EBITDA and adjusted EBITDA margin. You are encouraged to read our earnings release and securities filings to learn more about our use of these non-GAAP measures and to see a reconciliation of these measures to the related GAAP items, all of which can be found on our website. In addition, the comments made by the management of MRC Global during this call may contain forward-looking statements within the meaning of the United States federal securities laws. These forward-looking statements reflect the current views of the management of MRC Global.

However, MRC Global's actual results could differ materially from those expressed today. You are encouraged to read the company's SEC filings for a more in-depth review of the risk factors concerning these forward-looking statements. And now I'd like to turn the call over to our CEO, Mr. Andrew Lane.

Andrew Lane -- President and Chief Executive Officer

Thank you, Monica. Good morning and thank you for joining us today and for your continued interest in MRC Global. Today, I will review the company's second-quarter 2019 operational highlights, and then I'll turn the call over to our CFO, Jim Braun, for a more detailed review of the financial results. This quarter, we saw the results of customers changing their behavior to the broader market environment, primarily in response to pressure to be more disciplined, which, to us, means they're spending patterns that deviated somewhat from historic patterns.