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Headquarters: Baton Rouge, LA
2016 Revenues: N/A
Key Executives: Dan O'Leary, CEO; Erika Fortenberry, senior vice president & CFO; Alan Jones, senior vice president & CIO
Edgen Murray, a subsidiary of Sumitomo Corp., is a global distributor of specialized steel products in the upstream (drilling and production in offshore environments), midstream (gathering, processing, fractionation, transportation and storage of oil and natural gas) and downstream (refining and petrochemical applications) end markets for oil and natural gas.
As a result, its results are highly correlated with what's happening in the oil & gas market – which continued to be a challenge in 2016. But increased activity late in the year and a focus on adapting to the new reality of global energy markets may result in a better overall 2017.