MRC Global Inc., Houston, TX, No. 2 on MDM’s list of HVACR/plumbing/PVF distributors, reported fourth-quarter sales of $1.3 billion, up 26.2 percent over the same period a year ago. Profit for the quarter was $3.6 million, compared with a year-ago net loss of $13.5 million.
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For the full year 2011, sales were $4.8 billion, a year-over-year increase of 25.7 percent. Profit was $29 million, compared with a year-ago net loss of $51.8 million.
MRC completed its acquisition of Australian company OneSteel Piping Systems. OPS now operates as MRC Piping Systems Australia. \”With the acquisition of OPS, MRC is now the largest distributor of pipes, valves and fittings in Australia in the markets we serve, with the largest full-line product offering including carbon steel, stainless steel and alloy pipe, valves, fittings and flanges to serve customers throughout Australia in the oil and gas, mining and mineral processing industries,\” said Andrew Lane, MRC president and CEO.
