Airgas Lowers Fourth-Quarter Earnings Outlook

Airgas has lowered its earnings guidance to 64 cts-67 cts/share, on a diluted basis, compared to previous guidance of 73 cts-76 cts/share, for its fiscal fourth quarter ending March 31. The company reported diluted earnings of 76 cts/share in the year-ago period. Airgas says it now expects fourth-quarter same-store sales to decline 11%-14%, with hardgoods posting more significant declines than gas and rent. “Volumes remain low in most customer segments with manufacturing suffering the sharpest declines and medical showing the most resilience,” Airgas...

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