MRC Global (MRC) Tops Q2 EPS by 15c, Revenues Beat

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Go back to MRC Global (MRC) Tops Q2 EPS by 15c, Revenues Beat

MRC Global Announces Second Quarter 2020 Results

July 28, 2020 4:15 PM EDT

HOUSTON, July 28, 2020 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings and related infrastructure products and services to the energy industry, today announced second quarter 2020 results.

The company's sales were $602 million for the second quarter of 2020, which was 24% lower than the first quarter of 2020 and 39% lower than the second quarter of 2019. The sequential decline was across all segments and sectors except gas utilities, which was up $3 million. As compared to the second quarter of 2019, the decrease was... More