MRC Global had sales of $1.268 billion in the second quarter of 2013, a decrease of 11% from the second quarter of 2012
MRC Global had sales of $1.268 billion in the second quarter of 2013, a decrease of 11% from the second quarter of 2012 due, in part, to a planned reduction in the company’s lower margin oil country tubular goods business. OCTG represented 9% of total sales in the second quarter of 2013 compared to 14% of total sales a year ago. Continued weakness in the company’s line pipe product group within the midstream and upstream sectors also impacted sales. Line pipe sales were $231.1 million for the second quarter of 2013 compared to $294.4 million for the same period in 2012.