Key Developments: Airgas Inc (ARG.N)
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Latest Key Developments (Source: Significant Developments)
Airgas Announces Six Acquisitions
Airgas announced it has acquired the assets and operations of six businesses that complement the Airgas portfolio of products and services. Three of the six acquisitions closed as recently as August 1. Airgas USA, LLC, acquired the assets and operations of Terjan Co., Inc., which was doing business as Valley Welding & Industrial Supply, based in Bakersfield, CA. Airgas USA, LLC, also purchased the assets and operations of AEON Corporation, which was doing business as Ferguson Industrial Gases, an industrial gas and welding supply distributor in Texas. Mountain Welding Supply, LLC, an industrial gas and welding supply distributor based in Pioneer, CA, joined Airgas USA, LLC’s Northern California and Nevada region effective August 1. Reese Oxygen & Hydro-Testing, LLC, joined Airgas National Welders effective July 1. Florida-based carbon dioxide and dry ice distributor Carbonic Group, owned by John and Herb Hinely, joined Airgas Carbonic effective July. Full Article
Airgas Issues Q2 2013 EPS Guidance Below Analysts' Estimates; Lowers FY 2013 EPS Guidance
Airgas announced that for the second quarter of 2013, it expects adjusted earnings per diluted share (EPS) to increase 2% to 6% from $1.03 in the prior year to $1.05 to $1.09, which reflects an estimated year-over-year decline of $0.02 from the impact of lost sales due to helium supply chain constraints, as well as $0.10 of SAP implementation costs and depreciation expense compared to $0.07 of expense in the prior year. For fiscal 2013, the Company expects adjusted EPS to increase 13% to 16% from $4.11 in fiscal 2012 to $4.65 to $4.75, which reflects the impact of two less selling days in fiscal 2013, an estimated year-over-year decline of $0.10 from the impact of lost sales due to helium supply constraints, as well as approximately $0.12 to $0.16 of SAP implementation costs and depreciation expense, net of expected benefits. Fiscal 2013 guidance excludes restructuring charges and other special charges. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $1.20 for the second quarter of 2013; EPS of $4.80 for fiscal 2013. Full Article
Praxair Canada In Acquires Five Airgas Inc Branch Locations
Airgas, Inc. announced the acquisition by Praxair Canada Inc of the assets and operations of five Airgas branch locations in western Canada, including Calgary, Red Deer, and Edmonton, Alberta, and Regina and Saskatoon, Saskatchewan. Financial terms of the transaction were not disclosed. Full Article
Airgas, Inc. Increases First Quarter Dividend By 25%
Airgas, Inc. announced that the Board of Directors increased the quarterly cash dividend on the company's common stock by 25%, from $0.32 per share to $0.40 per share. The dividend will be payable on June 29, 2012, to shareholders of record as of June 15, 2012. Full Article
Airgas, Inc. Announces Leadership Transition
Airgas, Inc. announced that effective immediately following the Company’s 2012 Annual Meeting of Stockholders scheduled to be held in mid-August, Airgas Founder Peter McCausland will assume the role of Executive Chairman of the Board of Directors, and current Executive Vice President and Chief Operating Officer Michael L. Molinini will succeed him as President and Chief Executive Officer. Full Article
Airgas Issues Q1, FY 2013 EPS Guidance In Line With Analysts' Estimates; Comments Q1, FY 2013 Charge Guidance
Airgas announced that it expects adjusted earnings per diluted share (EPS) for the first quarter of 2013 to increase 12% to 16% from $1.00 in the prior year to $1.12 to $1.16, which includes $0.08 of SAP implementation costs and depreciation expense in both periods. For fiscal 2013, the Company expects adjusted EPS to increase 14% to 18% from $4.11 in fiscal 2012 to $4.70 to $4.85, which includes approximately $0.12 to $0.16 of SAP implementation costs and depreciation expense, net of expected benefits. Fiscal 2012 adjusted earnings per diluted share included $0.34 of SAP implementation costs and depreciation expense. Fiscal 2013 guidance excludes restructuring charges related to the consolidation of regional accounting and administrative functions into four Business Support Centers, which are expected to approximate a net charge of $0.02 in the first quarter 2013 and $0.06 for fiscal 2013. Special gains and charges in fiscal 2012 were a net total charge of $0.11. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $1.16 for the first quarter of 2013 and EPS of $4.72 for fiscal 2013. Full Article
Airgas Declares Regular Dividend For Fourth Quarter FY2012
Airgas announced that the Board of Directors declared a regular quarterly cash dividend of $0.32 per share, payable on March 30, 2012 to shareholders of record as of March 15, 2012. Full Article
Airgas Issues Q4 2012 EPS Guidance In Line With Analysts' Estimates; Raises Low End Of Prior FY 2012 EPS Guidance To A Range In Line With Analysts' Estimates
Airgas announced that it expects adjusted earnings per diluted share (EPS) for the fourth quarter of 2012 to increase 18% to 23% from $0.88 in the prior year to $1.04 to $1.08, which includes $0.08 of SAP implementation costs and depreciation expense, compared to $0.04 in the prior year, and also includes the benefit from share repurchases. For fiscal 2012, the Company expects EPS to increase 21% to 22% from $3.34 in fiscal 2011 to $4.03 to $4.07, which includes an anticipated $0.33 of SAP implementation costs and depreciation expense, compared to $0.14 in fiscal 2011, and also includes the benefit from share repurchases. Fiscal 2012 EPS guidance is updated to $4.03 to $4.07 from $3.97 to $4.07. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $1.06 for the fourth quarter of 2012 and EPS of $4.04 for fiscal 2012. Full Article
Airgas Raises FY 2012 EPS Guidance-Conference Call
Airgas announced that for fiscal 2012, it expects earnings per share (EPS) to be in the range of $3.97 to $4.07. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $4.03 for fiscal 2012. Full Article
Airgas Declares Regular Dividend For Third Quarter FY 2012
Airgas announced that the Board of Directors declared a regular quarterly cash dividend of $0.32 per share, payable on December 31, 2011 to shareholders of record as of December 15, 2011. Full Article
UPDATE 1-Airgas distribution center shut after blast, two injured
* West Virginia facility closed after explosion, fire -Airgas
Earnings vs. 
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