Rise in shale activity leads MRC to record sales
May 08, 2012 | 10:15 AM
| Michael Cowden
Tags
MRC Global,
Andrew Lane,
shale,
oil,
natural gas,
OneSteel,
distributor,
energy
steel tube
TORONTO — MRC Global Inc. swung to a profit in the first quarter, thanks to record sales and strong shale-related activity in North America.
The Houston-based services provider and pipe, valves and fittings distributor reported net income of $37.5 million for the three months ended March 31, in contrast to a year-earlier net loss of $1.1 million, on sales that rose 39.4 percent to $1.38 billion from $991.8 million.....
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