That geographic segment includes gases and welding products distributor Airgas, which was No. 5 on MDM’s Top Industrial Distributors List.
Paris-based industrial gases and services provider Air Liquide reported its 2023 first half financial results on July 27, showing modest year-over-year growth in its Americas segment.
That segment includes Radnor, Pennsylvania-based gases, welding and safety products distributor Airgas — acquired in 2016 for $10 billion and No. 5 on MDM’s 2023 Top Industrial Distributors List upon its $7.1 billion in 2022 revenue.
Air Liquide hasn’t broken out specific financial performance data for Airgas since its acquisition, but a look at the former’s Americas performance provides a general indication of that.
Air Liquide posted total 2Q Americas sales of $2.78 billion, up 4.6% year-over-year. That follows 1Q growth of approximately 9%.
- Sales in Industrial Merchant — 70% of the Americas geography in 2Q — were up 7% year-over-year
- Sales in Large Industries — 15% of the Americas geography in 2Q — were down 5% year-over-year
- Sales in Healthcare — 10% of the Americas geography in 2Q — were up 16% year-over-year
- Sales in Electronics — 5% of the Americas geography in 2Q — were down 10% year-over-year
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Mike Hockett is MDM’s executive editor, having joined the publication in March 2022. He oversees MDM’s editorial content and direction, coordinates with contributing authors, conducts interviews with executives in the wholesale distribution space and serves as the editorial face of MDM at industry events. He has extensively covered the distribution and manufacturing sectors since 2014. Hockett earned a degree in print journalism from the University of Wisconsin-Eau Claire and works from his home in Madison, Wisconsin. He can be contacted at mike@mdm.com.
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