Airgas, Inc., distributor of industrial, medical, and specialty gases, and welding, safety, and related products, reported sales of $1 billion in the third quarter ended Dec. 31, 2007, an increase of 28% from the prior-year period. Profit for the quarter was $56.8 million, compared with $32.5 million in the prior year.
Acquisitions contributed 21% to sales growth. Total same-store sales increased 7%, with hardgoods up 6% and gas and rent up 8%. The company’s strategic product categories, including bulk, medical and specialty gases, safety products, and carbon dioxide, posted 11% organic growth in the quarter. These product categories now account for 40% of total company revenues.
This was our second quarter with more than $1 billion in sales, demonstrating the …
Airgas Reports Sales of $1B in 3Q
Airgas, Inc., distributor of industrial, medical, and specialty gases, and welding, safety, and related products, reported sales of $1 billion in the third quarter ended Dec. 31, 2007, an increase of 28% from the prior-year period. Profit for the quarter was $56.8 million, compared with $32.5 million in the prior year.
Acquisitions contributed 21% to sales growth. Total same-store sales increased 7%, with hardgoods up 6% and gas and rent up 8%. The company’s strategic product categories, including bulk, medical and specialty gases, safety products, and carbon dioxide, posted 11% organic growth in the quarter. These product categories now account for 40% of total company revenues.
This was our second quarter with more than $1 billion in sales, demonstrating the …
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.
