IHS Chemical Week

Markets :: Industrial Gases

Airgas earnings up 5%

12:16 PM MDT | July 24, 2014 | Lindsay Frost

Airgas today reported fiscal first-quarter 2015 net earnings of $88.9 million, up 5% year-on-year (YOY), on sales up 3% YOY, to $1.3 billion. Sales growth can be attributed to increases in organic sales within the gas and rent, hardgoods, and distribution segments, the company says. Acquisitions also contributed to sales growth. Earnings per share of $1.18/share were in line with analyst estimates, according to Thomson Reuters (New York). “There were bright spots in certain sectors, such as upstream energy, transportation, and retail, but on balance...

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