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Airgas Net Income Up 21% Despite Helium Constraints

9:31 AM MDT | July 25, 2012 | Lindsay Frost

Airgas reported net earnings of $90.8 million for its fiscal quarter ended June 30, up 21% from the year-ago. Reported adjusted earnings $1.15/share, up 19% year-on-year, narrowly missing analyst estimates of $1.16/share, according to Thompson Reuters (New York). The company says earnings were reduced by lower helium sales volumes driven by suppliers unable to meet helium supply commitments during the quarter reduced earnings. Sales for the quarter were $1.26 billion, up 8% year-on-year. “Our earnings were strong, notwithstanding the significant incremental...

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