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Airgas reports earnings growth in second quarter, revises guidance

9:14 AM MDT | October 23, 2013 | Lindsay Frost

Airgas says that net income for the quarter ended 30 September grew 17% year-on-year (YOY), to $94.9 million. Earnings per share of $1.27/share were above analyst estimates of $1.22/share, according to Thomson Reuters (New York). Sales of $1.28 billion increased 4% YOY—with growths in organic sales and the gas and rent segment. Acquisitions contributed to sales growth as well, the company says. "Earnings for the quarter were solidly at the midpoint of our guidance range; however, sales volumes were challenged to a greater degree than expected...

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