Edgen sees weaker 1st half on lower bookings, pricing

Mar 15, 2013 | 02:07 PM | Thorsten Schier

Tags  Edgen Group, earnings results, Dan O'Leary, OCTG, energy and infrastructure, Thorsten Schier

NEW YORK — Edgen Group Inc. expects the first half of this year to be sluggish amid continued soft bookings in its energy and infrastructure segment and pricing pressure on all products, particularly in its oil country tubular goods (OCTG) segment, according to chairman and chief executive officer Dan O’Leary.

However, the distributor of steel pipe, valves, plate and other products for the energy and industrial markets still foresees a year of overall sales growth on a stronger second half, O’Leary said in comments accompanying the Baton Rouge, La.-based company’s fourth-quarter and full-year 2012 earnings results.....

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