MRC Global recently announced its sales were $942 million for the third quarter of 2019, which was 4% lower than the second quarter of 2019 and 12% lower than the third quarter of 2018.
The sequential decline was driven by a decrease in the midstream sector, partially offset by a slight increase in the upstream and downstream sectors, MRC noted. As compared to the third quarter of 2018, sales decreased across all segments and end-markets.
Net income attributable to common stockholders for the third quarter of 2019 was $15 million, or $0.18 per diluted share, as compared to $18 million, or $0.20 per diluted share in the third quarter of 2018. The third quarter of 2019 included after-tax severance charges of $4 million, or $0.05 per diluted share.