The 2020 Mid-Year Economic Update_long

MRC Global Sales Up 14.6% in 2018

Fourth-quarter sales up 11.7 percent.

MRC Global Inc. (NYSE: MRC), Houston, TX, reported sales for 2018 of $4.2 billion, an increase of 14.6 percent from the previous year. The company reported a profit of $50 million, as compared to $26 million in 2017.

Fourth-quarter sales were $1 billion, an increase of 11.7 percent from the same period the previous year. The company reported a profit of $4 million, down from $29 million the prior-year period.

U.S. sales in the fourth quarter were $778 million, up 8.8 percent. Canadian sales in the fourth quarter were $79 million, up 11.3 percent. International sales in the fourth quarter were $152 million, up 29.9 percent.

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