MRC Global Inc. (NYSE: MRC), Houston, TX, reported sales for the first quarter of $1.3 billion, a decrease of 1 percent year-over-year. Profit increased 23.6 percent to $29.1 million.
U.S. sales in the first quarter were up 2.5 percent year-over-year to $971.8 million. Canadian sales were $119.4 million, down 28.2 percent.
International sales increased 5 percent to $119.4 million, due primarily to the acquisitions of MSD and Hypteck.
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