IHS Chemical Week

Markets :: Industrial Gases

Airgas Posts Big Profit Gain, Lifts Dividend

11:53 AM MST | January 21, 2011 | Nancy Seewald

Airgas reported net earnings of $55.8 million in its fiscal third quarter ended December 31, 2010, up 19% from the same period last year. Excluding charges totaling 15 cts/share, earnings were 80 cts/share, slightly higher than the consensus of analysts’ estimates of 79 cts/share, as reported by Thomson One (New York). Airgas’ sales rose 10%, to $1.03 billion. “We are seeing improvement across the country, with robust results in our Great Lakes, Mid South, and Southwest regions,” says Airgas CEO Peter McCausland. “Growth is now...

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