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Airgas Earnings Surge on Acquisitions and Retail Sales

2:40 PM MDT | May 20, 2008 | Chemical Week Editorial Staff

Airgas reported earnings up 47%, to $64.2 million (76 cts/share), for its fiscal fourth quarter ended March 31, beating analysts’ consensus of 73 cts/share, as reported by First Call (Boston). Sales rose 27%, to $1.1 billion, driven by acquisitions and same-store sales. “We are mindful of the state of the U.S. economy, but we believe Airgas is well-positioned to deliver strong earnings growth this year,” he...

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