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The company will release its first quarter 2021 results on April 27, 2021 after the market closes. In conjunction with the release, the company will host a conference call, which will be webcast, on Wednesday, April 28, 2021 at 10:00 a.m. EST / 9:00 a.m. CST.
On Feb. 15, 1921, McJunkin Supply Co. was founded in the hills of West Virginia, and over the next 100 years, companies from around the world would be established and grow into what is now known as MRC Global.
The company's sales were $579 million for the fourth quarter of 2020, which was 1 percent lower than the third quarter of 2020 and 24 percent lower than the fourth quarter of 2019.
The company's sales were $602 million for the second quarter of 2020, which was 24 percent lower than the first quarter of 2020 and 39 percent lower than the second quarter of 2019.
Lane has served as a director of MRC Global and president and CEO since September 2008 and was the MRC Global chairman of the board from December 2009 until April 2016, when the positions of chairman of the board and CEO were separated.