Same-store sales growth in our core distribution business decelerated this quarter to 7%, but very strong performances by our all other operations businesses provided a nice boost to earnings in a moderating environment.SAP implementation costs were higher than expected this quarter and will likely be higher than expected for the remainder of the year. However, the most important thing we can do to position ourselves to derive long-term value from this investment is to get the implementation right and to support our hardworking associates in doing so. The good news is that SAP and the total implementation overall is going very, very well. At this point, nearly 70% of our distribution business is running on SAP, and we think the full year expense, net of benefits, will be in the $0.12 to $0.16 net expense range that we projected earlier.
Airgas Management Discusses Q1 2013 Results - Earnings Call Transcript
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