Sales of $967 million
Adjusted EBITDA of $34 million
Operating cash flow of $209 million
HOUSTON, TX - February 22, 2015 - MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings and related products and services to the energy industry, today announced fourth quarter and annual 2015 results.
The company's sales were $967 million for the fourth quarter of 2015, which were 36% lower than the fourth quarter of 2014 and 10% lower than the third quarter of 2015. As compared to last year, reduced customer activity across all segments and sectors drove the decline. [Read Full Press Release]