Airgas sales drop due to “challenging economic conditions”
Airgas, Inc. reported sales of $1.3 billion for its third quarter ended December 31, 2015 – a decrease of three percent compared to the prior year. Airgas attributed the decline to “challenging economic conditions.”
Third quarter organic sales were down four percent compared to the prior year, with gas and rent down one percent and hard goods down ten percent. In the distribution segment, organic sales were down five percent compared to the prior year, with gas and rent down one percent and hard goods down ten percent.