The 2020 Mid-Year Economic Update_long

MRC Global Sales Up 13.4% in 2014

Fourth quarter sales up 12.5 percent.

MRC Global Inc. (NYSE: MRC), Houston, TX, reported sales for 2014 of $5.9 billion, an increase of 13.4 percent from the previous year. Profit decreased 5.3 percent to $144.1 million.

Fourth quarter sales were $1.5 billion, an increase of 12.5 percent from the same period the previous year. Profit increased 33.7 percent to $31.2 million.

U.S. sales in the fourth quarter were up 14.5 percent, due to organic growth. Canadian sales were down 18.1 percent, primarily due to the sale of the progressive cavity pump distribution and servicing business and the impact of the decline of the Canadian dollar relative to the U.S. dollar.

International sales in the fourth quarter increased 38.7 percent, due primarily to sales from acquired businesses.

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