Second quarter sees sharp uptick in revenues


Conditions continue to improve with hardgoods and gas revenues showing a clear sequential uptick, according to the Baird/gasworld second quarter (Q2) 2021 Welding and Industrial Gas Survey.

Hardgoods sales increased sharply by 21.5%, an improvement from +4.2% in Q1, while sales of gases were also up 21.5% compared to +4.3% in Q1. Implied hardgoods volume increased 12.4% (+1.2% last quarter). Respondents reported largely a better-than-expected quarter with improving business activity through the quarter.

Hardgoods pricing improved sequentially, up 9.1% year/year compared to +3.0% in Q1, and gases pricing rose 4.3 year/year, up from 2.1% last quarter. An overwhelming majority expects to be able to fully pass through rising input costs. Many respondents called out challenges throughout the supply chain.

... 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...