Airgas, Inc., Radnor, PA, a U.S. distributor of industrial, medical, and specialty gases, and welding, safety, and related products, reported sales of $992 million for fourth quarter ended March 31, 2009, down 9% from the prior year. Profit declined 12.4% to $56.5 million. Same-store sales declined 13% in the quarter.
For the full year, sales increased 8% to $4.3 billion. Acquisitions contributed 7% sales growth in the year, while total same-store sales grew 1%, with hardgoods down 4% and gas and rent up 4%. Airgas completed 14 acquisitions in fiscal 2009. Profit increased 16.9% to $261 million.
"The current environment puts a damper on what was a record year for Airgas in earnings and cash flow, but we’re using this time to strengthen our operations so that …
Airgas 4Q Sales Fall 9%
Airgas, Inc., Radnor, PA, a U.S. distributor of industrial, medical, and specialty gases, and welding, safety, and related products, reported sales of $992 million for fourth quarter ended March 31, 2009, down 9% from the prior year. Profit declined 12.4% to $56.5 million. Same-store sales declined 13% in the quarter.
For the full year, sales increased 8% to $4.3 billion. Acquisitions contributed 7% sales growth in the year, while total same-store sales grew 1%, with hardgoods down 4% and gas and rent up 4%. Airgas completed 14 acquisitions in fiscal 2009. Profit increased 16.9% to $261 million.
"The current environment puts a damper on what was a record year for Airgas in earnings and cash flow, but we’re using this time to strengthen our operations so that …
Share this article
- Filed In: Companies, Free, Gases & Welding Equipment, News, Subscriber Only, Top Distributor Sectors
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
