MRC Global 2020 Sales Sink 30.1%

In the fourth quarter, sales decreased 24.4% as the company also reported a loss of $11 million in the period.
MrC global 2022 1q sales

Pipes, valves and fittings distributor MRC Global Inc. (NYSE: MRC), Houston, reported 2020 sales of $2.6 billion, a 30.1% decrease from 2019. The company reported a loss of $298 million, compared to a profit of $15 million last year.

The company reported fourth-quarter sales of $579 million, down 24.4% from the same period a year ago. The company reported a loss of $11 million, compared to a loss of $30 million last year.

In the period, U.S. sales were down 26% year-over-year to $448 million, Canadian sales were down 47% to $23 million and international sales were down 6% to $108 million.

MRC Global CEO Andrew Lane also said the company reduced SG&A by $113 million, closed or consolidated 27 facilities “to streamline our footprint and operate more efficiently, pushing more of the sales into the RDCs from the branches, reevaluating inventory needs and reducing transportation between facilities,” and also reduced MRC’s headcount by about 600 employees, or 19%, in 2020. “These operating cost reductions are largely structural and position the company well for the market recovery to enhance margins and returns,” he added.

Photo courtesy GKW Architects Inc.

Related Posts

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.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 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


articles left

Want more Premium content from MDM?

Subscribe today and get:

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



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
  • 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.