IHS Chemical Week

People & Business :: Earnings/Finance

Airgas reports modest growth on uncertain economic environment

8:53 AM MDT | May 2, 2013 | Lindsay Frost

Airgas reported its fiscal fourth quarter and full year earnings today—with net earnings for the quarter down slightly, and a modest gain in sales, citing the impact of continued economic uncertainty and moderation in business conditions. Net income fell 2% year-over-year (YOY), to $86.1 million with earnings per share up to $1.13/share—in line with analyst estimates, according to Thomson Reuters (New York). Net sales grew 2% YOY, to $1.26 billion, with acquisitions contributing to growth in the quarter. The company's gas and rent segment reported...

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