Pipes, valves and fittings distributor MRC Global Inc. (NYSE: MRC), Houston, TX, reported second-quarter sales of $746 million, down 38 percent over the same period a year ago. The company reported a loss of $23 million, compared to a profit of $15 million the prior year.
U.S. sales in the second quarter were down 42 percent to $551 million from the same quarter in 2015. Canadian sales were $54 million, down 31 percent, and international sales were down 14 percent to $141 million.
For the first six months, sales were $1.5 billion, down 38.6 percent over the same period a year ago. The company reported a loss of $37 million, compared to a profit of $44 million the prior year.
