- CEO
- Alexander J. Barna Jr.
- Sector
- Industrials
- Industry
- Engineering & Construction
- Address
- 994 Old Eagle School Road Natick PA United States of America 19087
- IPO Date
- Aug 16, 2000
- Business
- Moro Corporation (MRCR) operates as a holding company that manages subsidiaries providing construction materials fabrication, distribution, and contracting services in niche markets across the Mid-Atlantic and New England regions of the United States. The company offers reinforced steel fabrication and distribution; structural and miscellaneous steel products; sheet metal, steel products, and duct work; commercial and residential heating, ventilation, and air conditioning (HVAC) systems including maintenance and installation; plumbing and process piping; industrial electrical products such as high voltage, fiber optics, and building controls; electrical contracting services for public and private sectors; and construction accessories. It serves residential, commercial, healthcare, institutional, manufacturing, transportation, water, and wastewater markets through its Construction Materials and Construction Contracting divisions.
Founded in 1992 and formerly known as Food Court Entertainment Network, Inc., which changed its name to Moro Corporation in June 1999, the company maintains its corporate headquarters in Willow Grove, Pennsylvania, with operations in Pennsylvania, New Jersey, New York, Connecticut, Rhode Island, and Massachusetts; it employs over 250 people.
In recent strategic changes, Moro Corporation established a revolving line of credit facility with Firstrust Bank for borrowings up to $7 million and secured full forgiveness of its $4.18 million Paycheck Protection Program loan from the Small Business Administration. The company implemented operational improvements including the shutdown of underperforming subsidiary Titchener Iron Works and the sale of J&J Sheet Metal Works, LLC to a partnership involving its former president, aimed at enhancing overall operating results and synergies among remaining units. As of September 30, 2025, Moro reported consolidated net income of $1.3 million for the nine months ended, with total assets of approximately $28.4 million, cash balances of $7.5 million, and no debt outstanding, reflecting strong liquidity and profitability amid ongoing quarterly financial disclosures.