MRC Global (MRC) Tops Q1 EPS by 2c

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Go back to MRC Global (MRC) Tops Q1 EPS by 2c

MRC Global Announces First Quarter 2016 Results

May 2, 2016 4:15 PM EDT

HOUSTON, May 2, 2016 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings and related products and services to the energy industry, today announced first quarter 2016 results.

The company's sales were $783 million for the first quarter of 2016, which were 39% lower than the first quarter of 2015 and 19% lower than the fourth quarter of 2015. As compared to last year, reduced customer activity across all segments and sectors drove the decline as a result of lower oil and natural gas prices. 

Net loss attributable to... More