MRC Global 2Q Sales Improve 14%

The pipes, valves and fittings distributor saw sales improve and significantly narrowed its loss in the period.
MrC global 2022 1q sales

Pipes, valves and fittings distributor MRC Global Inc. (NYSE: MRC), Houston, reported second-quarter sales of $686 million, up 14% from the same period a year ago. The company narrowed its loss significantly in the quarter, to a loss of $2 million compared to a loss of $287 million last year.

In the second quarter, U.S. sales were up 18% year-over-year to $558 million, Canadian sales were up 7% to $30 million and international sales were down 2% to $98 million.

For the first six months, MRC sales were $1.3 billion, a 7.2% decrease from the same period a year ago. The company reported a loss of $11 million, compared to a loss of $284 million last year.

Photo courtesy GKW Architects Inc.

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