MRC Global third-quarter sales drop 34% from 2014 Q3 levels
MRC Global recently announced its third quarter 2015 results. The company's sales were $1.071 billion for the third quarter of 2015, which were 34% lower than the third quarter of 2014 and 11% lower than the second quarter of 2015.
The decline was driven by reduced activity across all sectors but particularly upstream. Sales also were negatively impacted by the strengthening of the U.S. dollar, which reduced reported sales by $44 million, or 3% from the third quarter last year.