Latest In MRC Global (McJunkin-Red Man)
Oil & gas slump decimates Houston distributors' 4Q revenues.
CEO: $48 million divestiture helps MRC "reduce exposure to upstream drilling volatility."
McJunkin Red Man Corp. opens facility in Monessen, PA, to serve MRC’s Eastern region.
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Profit for the distributor of pipes, valves and fittings plummeted 61.9 percent.
U.S. sales increased 18.7 percent, primarily on organic sales growth.
Profit for the distributor of pipes, valves and fittings fell 10 percent.
Acquisition will expand MRC Global's footprint in Southeast Asia.
Acquisition strengthens MRC's instrument flow control business.
