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.

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 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

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

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.