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Pipes, valves and fittings distributor MRC Global Inc. (NYSE: MRC), Houston, TX, reported second-quarter sales of $922 million, up 23.6 percent over the same period a year ago. The company broke even in the quarter, compared to a loss of $23 million the prior year.
U.S. sales in the second quarter were up 31 percent to $720 million from the same quarter in 2016. Canadian sales were up 28 percent to $69 million, and international sales were down 6 percent to $133 million.
For the first six months, sales were $1.8 billion, up 16.7 percent over the same period a year ago. The company broke even in the six-month period, compared to a loss of $37 million the prior year.