MRC Global recently announced its first quarter 2017 results. The company's sales were $862 million for the first quarter of 2017, which were 10% higher than the first quarter of 2016 and 20% higher than the fourth quarter of 2016. As compared to last year, increased customer activity primarily in the midstream sector drove the improvement.
Net income (loss) attributable to common stockholders for the first quarter of 2017 was $0 million, or $0.00 per diluted share, compared to net loss attributable to common stockholders of $(14) million, or $(0.14) per diluted share for the first quarter of 2016. The first quarter 2016 results include after-tax severance and restructuring charges of $4 million. There were no such charges in the first quarter of 2017.