Last updateMon, 24 Feb 2020 11pm

New MRC Global EVP Youngblood to Assume Role as CFO

Kelly Youngblood joined MRC Global Inc. on November 18, 2019. Mr. Youngblood currently holds the title of Executive Vice President (EVP) until the retirement of James E. Braun, EVP and Chief Financial Officer (CFO), on March 1, 2020, at which time, Mr. Youngblood will assume the role of EVP and CFO.

Mr. Youngblood brings more than 30 years of energy and finance expertise to MRC Global. He joins MRC Global from BJ Services, LLC, the largest North American-focused pure-play pressure pumping services provider where he serves as EVP and CFO. Prior to being CFO at BJ Services, Mr. Youngblood was the Senior Vice President and CFO at Diamond Offshore Drilling, Inc. Before that, he held a variety of finance and accounting positions of increasing responsibility at Halliburton, including Vice President of Investor Relations, where he was awarded Institutional Investor magazine's Best Investor Relations for the Oil Services and Equipment Sector twice.

Jason Ordanoff Joins Eastern Controls

Eastern Controls, Inc. announced the addition of Jason Ordanoff to the organization. As the business development manager for valves and actuation, Ordanoff will be focused on delivering solutions through Eastern Control’s major manufacturing partners.

Ordanoff brings over 20 years’ experience in the process industry, from the oil and gas industry to heavy industrial manufacturing equipment.

Flowserve Reports Fourth Quarter and Full Year 2019 Results

Flowserve Corporation announced its financial results for the fourth quarter and full year ended December 31, 2019.

In the fourth quarter of 2019 Flowserve reported earnings per share (EPS) of $0.53, up 10.4% and adjusted EPS of $0.66, up 13.8%. Sales were $1.07 billion, up 8.2%, or 9.3% on a constant currency basis.

For the full year, Flowserve reported EPS of $1.93, up 112.1% and adjusted EPS of $2.20, up 25.7%. Sales were $3.94 billion, up 2.9%, or 5.4% on a constant currency basis and included approximately 0.8% negative impact related to divested businesses.

MRC Global Joins Valve Manufacturers Association

This week the Valve Manufacturers Association of America (VMA) welcomes MRC Global into the fold as an associate member in the distribution/channel partner category. MRC Global is the second new company to join the association this year.

MRC Global has been providing automated valves for more than 20 years, evolving from a simple bolt-up, quarter-turn shop into an advanced, fully integrated quarter-turn, multi-turn and linear automation provider with facilities worldwide. MRC Global serves the oil and gas industry across the upstream, midstream and downstream sectors as well as the chemical and gas distribution market sectors worldwide.


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