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Chemical Week Magazine :: Newsbriefs
Airgas adjusts earnings guidance after low sales
6:11 AM MDT | March 29, 2013
Airgas has updated its 2013 guidance as a result of lower-than-expected organic sales growthâ€”particularly in its distribution segmentâ€”with the new earnings per share (EPS) estimation falling somewhere between $1.17 and $1.23 for the fourth quarter ending 31 March. â€śSales to-date in the month of March have not improved appreciably over February, and absent a strong finish in the next 10 days, these weaker-than-expected sales suggest that we may miss the low end of our adjusted EPS guidance of $1.18 by approximately 4%,â€ť says Peter McCausland, executive...
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