MRC logs lower earnings in quarter but remains upbeat

May 02, 2014 | 05:28 PM | Thorsten Schier

Tags  MRC Global, earnings report, Andrew R. Lane, line pipe, valves, oil country tubular goods, OCTG, U.S. Steel Tubular Products U.S. Steel

NEW YORK — MRC Global Inc.’s profits fell 49.1 percent in the first quarter as its line pipe business was hit by adverse weather, but the company remains upbeat as conditions improve.

"We couldn’t do much about the weather in the first two months, but a lot of things started happening in March," chairman, president and chief executive officer Andrew R. Lane said during the company’s earnings conference call.....

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