The 2020 Mid-Year Economic Update_long

MRC Global Sales Down 32.9% in 2016

Fourth-quarter sales down 25.6 percent.

MRC Global Inc. (NYSE: MRC), Houston, TX, reported sales for 2016 of $4.5 billion, a decrease of 23.7 percent from the previous year. The company reported a loss of $107 million, as compared to a loss of $344 million in 2015.

Fourth-quarter sales were $719 million, a decrease of 25.6 percent from the same period the previous year. The company reported a loss of $24 million, as compared to a loss of $399 million the prior-year period.

U.S. sales in the fourth quarter were $550 million, down 29 percent. Canadian sales in the fourth quarter were $55 million, down 17 percent. And international sales in the fourth quarter were $114 million, down 7 percent.

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