Business picks up in third quarter


Hardgoods and gas revenues improved in the third quarter (Q3), according to the latest results of the Baird/gasworld Welding and Industrial Gas Survey.

Hardgoods sales decreased 6%, improved from 13% the previous quarter, while sales of industrial gases were roughly flat.

Less than 30% of respondents saw a slowdown in business activity over the three months, with only 6% experiencing significant deceleration. By contrast, 50% of respondents reported improvement in Q3.

But a return to pre-Covid-19 revenues is expected to drag well into 2021, according to respondents who anticipate hardgoods revenue to increase 0.7% in the Q4 and decrease 0.9% for the full year 2021. Gases are better: respondents believe sales of industrial gases will increase 2.4% in Q4 and 2.9% for the full year 2021. More than half of welding respondents do not expect revenues to fully recover until second half of next year, or later.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...