Airgas has reported fiscal 2016 first quarter sales of $1.3bn, 3% up over the prior year and including a 2% rise in organic sales compared to the previous year.
The company noted that sales to its customers in the energy, chemicals and manufacturing sectors remained challenging.
In the Distribution segment, organic sales were flat compared to the prior year, with gas and rent up 2% and hardgoods down 3%. In the All Other Operations segment, organic sales were up 16% – primarily driven by increased sales in the refrigerants, CO2 and dry ice businesses.
Acquisitions contributed sales growth of 1% in the quarter on both a consolidated basis and in the Distribution segment.
... to continue reading you must be subscribed
