Pipes, valves and fittings distributor MRC Global Inc. (NYSE: MRC), Houston, reported 2020 sales of $2.6 billion, a 30.1% decrease from 2019. The company reported a loss of $298 million, compared to a profit of $15 million last year.
The company reported fourth-quarter sales of $579 million, down 24.4% from the same period a year ago. The company reported a loss of $11 million, compared to a loss of $30 million last year.
In the period, U.S. sales were down 26% year-over-year to $448 million, Canadian sales were down 47% to $23 million and international sales were down 6% to $108 million.
Photo courtesy GKW Architects Inc.
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