MRC Global (MRC) Tops Q2 EPS by 5c

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Go back to MRC Global (MRC) Tops Q2 EPS by 5c

MRC Global Announces Second Quarter 2015 Results

August 3, 2015 4:15 PM EDT

HOUSTON, Aug. 3, 2015 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings (PVF) and related products and services to the energy industry, today announced second quarter 2015 results.

The company's sales were $1.198 billion for the second quarter of 2015, which were 20% lower than the second quarter of 2014 and 7.3% lower than the first quarter of 2015. The decline was driven primarily by reduced activity in the upstream sector.  Sales were also negatively impacted by the strengthening of the U.S. dollar, which reduced reported sales by... More