Fourth quarter sales of $1.512 billion; Annual sales of $5.933 billion
Fourth quarter diluted EPS of $0.30; Annual diluted EPS of $1.40
Fourth quarter adjusted diluted EPS of $0.33; Annual adjusted diluted EPS of $1.57
Fourth quarter adjusted EBITDA of $101.5 million; Annual adjusted EBITDA of $424.0 million
HOUSTON, Feb. 19, 2015 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings (PVF) and related products and services to the energy industry, today announced fourth quarter and annual 2014 results.
The company's sales were $1.512 billion for the fourth quarter of 2014, which were 12.5% higher than the fourth quarter of 2013. Net income for the fourth quarter of 2014 was $31.2 million, or $0.30 per diluted share, compared to fourth quarter 2013 net income of $23.3 million, or $0.23 per diluted share.
Adjusted diluted earnings per share (EPS) were $0.33 per diluted share for the fourth quarter of 2014 as compared to adjusted diluted EPS for the fourth quarter of 2013 of $0.32 per diluted share. Please refer to the reconciliation of adjusted net income (a non-GAAP measure) to net income (a GAAP measure) included in this release.
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