Airgas highlighted growth opportunities for the business and provided mid-term financial goals at its 2014 analysts meeting.
Held yesterday, the meeting involved the discussion of strategies for leveraging Airgas’ “unrivalled platform and capabilities to drive sales growth and margin expansion” as well as discussed fiscal 2018 financial goals.
“We have a long history of creating value for our shareholders through a disciplined approach to growing our business and strong, steady cash flow generation, which continues to be a hallmark of our business model today. Since going public in 1986, we have delivered a total annual compounded return to shareholders of 19%, significantly better than the S&P 500 Index over that 28-year period,” said Airgas Executive Chairman Peter McCausland. “During the past several years, we have continued to invest to position Airgas to capitalise on what we expect will be favourable long-term trends in key US end markets, including manufacturing, energy, chemicals, and non-residential construction. With a lot of heavy lifting behind us and the favourable long-term outlook for the US industrial economy, Airgas is in a great position to deliver strong results.”
“With the rollout of Airgas Total Access complete and our robust new eBusiness platform recently launched, our unrivalled, multi-channel sales platform is now fully built, and cross-channel collaboration is increasing rapidly,” said Airgas President and Chief Executive Officer Michael L. Molinini. “In addition, we’re creating capacity in our fixed cost structure through organisational, operational and sales initiatives designed to drive higher incremental margins on future sales growth.”
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