ANDERSON METALS CONTINUES WORK WITH MELANOMA AWARENESS In 2009, Anderson Metals Corp., created a nonprofit charity to help those affected by melanoma. The All In For Skin Foundation was founded after one of Anderson’s owners died from melanoma in 2008. In 2017, All In For Skin donated $100,000 to the New York City-based Skin Cancer Foundation’s traveling RV called Destination: Healthy Skin. Destination: Healthy Skin traveled to 20 major cities throughout the country to provide free testing, screenings and information on how to prevent and detect skin cancers. Also in 2017, All In For Skin awarded six $5,000 college scholarships to students affected by melanoma directly or indirectly through a family member. For more information on All In For Skin, visit www.allinforskin.com. MERFISH PIPE & SUPPLY ANNOUNCES GINSBURG’S RETIREMENT Merfish Pipe & Supply announced the retirement of Martin Ginsburg, who has served the company for more than 34 years. A retirement celebration was enjoyed by 100 fellow employees and customers on Monday, Oct. 30 at Merfish’s headquarters in Houston. “Martin will be deeply missed as he will always be remembered as a hardworking, committed and friendly person,” the company stated. “Martin plans to spend time travelling with his wife, Beverly, and spending more time with his grandchildren who live in Maryland and in San Antonio.” MRC GLOBAL ANNOUNCES THIRD-QUARTER RESULTS Houston-based industrial PVF distributor MRC Global recently announced thirdquarter 2017 results. The company’s sales were $959 million for the period, which was 21% higher than the third quarter of 2016 and 4% higher than the second quarter of 2017. Growth across all sectors drove the increase in both comparative periods, MRC Global noted. “Third-quarter results were strong, delivering adjusted gross margin of 19% and adjusted EBITDA of $56 million as we worked through the disruption of two major hurricanes and helped our customers get their operations back online,” Andrew R. Lane, MRC Global’s president and chief executive officer stated. “I am pleased with 18% revenue growth for the first nine months of 2017 over the prior year as well as the continued execution of several multi-year framework agreements this year. In 2012, we executed the first global valve agreement in the industry with Shell and we have continued to build on that success, as this quarter we extended that agreement for an additional five years. Also, capitalizing on favorable market conditions, we refinanced our senior secured term loan and asset-based lending facility this quarter, extending our maturities to 2024 and 2022, respectively. We are well-positioned for continued growth as the energy markets continue to improve.” MRC Global’s third quarter 2017 gross profit was $152 million, or 15.8% of sales, an increase from third-quarter 2016 gross profit of $88 million, or 11.1% of sales, which includes $45 million of non-cash inventory charges recorded in cost of sales. Gross profit for the third quarter of 2017 and 2016 reflects an expense of $13 million and a benefit of $3 million, respectively, in cost of sales relating to the use of the last-in, first-out (LIFO) method of inventory cost accounting. AD REPORTS RECORD-BREAKING THIRD-QUARTER RESULTS The AD buying/marketing group reported sales for all AD members across 12 AD divisions and three countries hit a new record during the third quarter of 2017 to $10.2 billion. Through the first nine months of the year, Member sales grew by 11% to $28 billion. Purchases from AD suppliers grew by 16%. Distributions to members were up 13%. On a same-store basis by industry, electrical sales were up 13% through nine months; PHCP was up 13%; industrial/PT up 10%; and building materials was up 16%. By country, samestore sales in the U.S. grew 10%. Canada was up 11% and Mexico grew 12%. “The record-breaking numbers of the last nine months exceeded expectations and reflect the strong, smart and unwavering dedication of AD independents to outperform the market,” AD Chairman and CEO Bill Weisberg said. “Growth in Q3 accelerated over our strong first half.” Weisberg noted highlights in the third quarter included the creation of its 12th division, AD Decorative Brands, which supports the growing showroom industry, as well as the launch of the AD Disaster Relief Foundation (www.ADFoundation.com) to get relief to the people at AD member and supplier companies surviving disasters such as hurricanes Harvey and Maria, as well as the California wildfires.
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