Air Liquide Sees 4.6% Growth in 2Q Americas Revenue - Modern Distribution Management

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Air Liquide Sees 4.6% Growth in 2Q Americas Revenue

That geographic segment includes gases and welding products distributor Airgas, which was No. 5 on MDM’s Top Industrial Distributors List.
The company said it will open the new center in Henderson to serve customers and retail branches in Western U.S. states.

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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