MRC Global Sales Up 10% in 1Q

Company reports a flat profit for the quarter.

MRC Global Inc. (NYSE: MRC), Houston, TX, reported sales for the first quarter of $862 million, an increase of 10 percent year-over-year. The company reported a flat profit for the quarter, compared to a loss of $14 million a year ago.

U.S. sales in the first quarter were up 10 percent year-over-year to $666 million. Canadian sales were up 20 percent to $77 million and international sales were up 5 percent to $119 million.

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