gasworld’s Business Intelligence provides you with the latest analysis of Airgas’ Q2 2015 earnings reports.
Airgas headlines
- Total sales at $1.35bn in CYQ2 again showed slower growth than recent peak at +3%. Sequentially up +4% on prior quarter.
- Organic growth of +2% combined, with +1% contribution from acquisitions. No growth contribution from volumes – all driven by pricing – continued weak volume impact of recent quarters.
- Gases up +5% partly offset by renewed decline in Hardgoods sales at -3%.
- Acquired seven businesses with combined sales of $74m in first quarter – target acquisition of $100m sales in FY2016.
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