MRC’s net falls despite rise in line pipe sales

Nov 01, 2013 | 04:59 PM | Thorsten Schier

Tags  line pipe sales, MRC Global, oil country tubular goods, OCTG, Andrew Lane, James Braun, quarterly earnings, Thorsten Schier

NEW YORK — MRC Global Inc.’s third-quarter net income fell 30.2 percent year on year even as its line pipe sales volumes jumped significantly.

"During the third quarter we sold the largest volume of carbon line pipe from stock in the company’s history," chairman, president and chief executive officer Andrew R. Lane said during the Houston-based company’s third-quarter earnings conference call.....

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