MRC Global Inc (NYSE: MRC), a global distributor of pipe, valves, fittings and infrastructure products and services, announced its first-quarter 2022 sales were $742 million, an 8% sequential increase and a 22% improvement over the same prior-year quarter. Net income was $10 million.
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“I am very pleased with our excellent financial performance in the first quarter. Our revenue was up 8% sequentially, led by our Upstream Production and Downstream, Industrial and Energy Transition (DIET) sectors,” MRC Global President and CEO Rob Saltiel said.
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