MRC Global Sales Flat in 1Q - Modern Distribution Management

MRC Global Sales Flat in 1Q

U.S. sales down 1.8 percent year-over-year.

Pipe, valves and fittings distributor MRC Global Inc. (NYSE: MRC), Houston, TX, reported sales for the first quarter of $1.3 billion, flat from the prior-year quarter. Profit decreased 49.1 percent to $23.5 million.

"As we previously discussed, inclement weather negatively impacted first quarter 2014 sales in some regions of the U.S. in January and February," said Andrew Lane, president and CEO. "However, we saw an increase in activity late in the quarter, which contributed to organic growth in the upstream sector across all segments. The outlook for the remainder of 2014 is encouraging."

U.S. sales in the first quarter were down 1.8 percent year-over-year to $948 million.Canadian sales were $166.2 million, down 18.7 percent.

International sales increased 41.9 percent to $191.5 million, due primarily to sales from the Stream and Flangefitt acquisitions.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.