Key Developments: Airgas Inc (ARG)

ARG on New York Consolidated

111.86USD
23 Sep 2014
Price Change (% chg)

$-0.39 (-0.35%)
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$112.25
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$112.63
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$111.81
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$113.74
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Latest Key Developments (Source: Significant Developments)

Airgas Inc issues Q4 2014 EPS guidance below analysts' estimates; lowers FY 2014 EPS guidance
Thursday, 30 Jan 2014 07:30am EST 

Airgas Inc:Expects Q4 2014 EPS in the range of $1.18 to $1.23.Expects FY 2014 EPS, including an $0.08 loss on the early extinguishment of debt and a $0.02 benefit from a change in a state income tax law, in the range of $4.69-$4.74, reflecting an increase of 8% to 9% over the prior year.Expects FY 2014 adjusted EPS in the range of $4.75-$4.80.Q4 2014 EPS of $1.35 -Thomson Reuters I/B/E/S.FY 2014 EPS of $4.92 - Thomson Reuters I/B/E/S.  Full Article

Airgas Inc Declares Regular Dividend for Third Quarter FY2014
Monday, 11 Nov 2013 10:00am EST 

Airgas Inc announced that the Board of Directors declared a regular quarterly cash dividend of $0.48 per share, payable on December 27, 2013 to shareholders of record as of December 12, 2013.  Full Article

Airgas Inc Completes Acquisition Of Encompass Gas Group
Friday, 1 Nov 2013 04:05pm EDT 

Airgas, Inc announced that it has completed the acquisition of the assets and operations of The Encompass Gas Group, effective at the close of business on October 31, 2013. Airgas first announced its agreement to acquire Encompass on October 7, 2013, subject to regulatory approval and satisfaction of other customary closing conditions.  Full Article

Airgas Inc Issues Q3 2014 EPS Guidance Below Analysts' Estimates; Lowers FY 2014 EPS Guidance
Wednesday, 23 Oct 2013 07:30am EDT 

Airgas Inc announced that for the third quarter of 2014, it expects earnings per diluted share, including an $0.08 loss on the early extinguishment of debt, in the range of $1.07 to $1.12 and expects adjusted earnings per diluted share for the third quarter of $1.15 to $1.20. For fiscal 2014, the Company expects earnings per diluted share, including an $0.08 loss on the early extinguishment of debt and a $0.02 benefit from a change in a state income tax law, in the range of $4.79 to $4.94. The Company expects adjusted earnings per diluted share of $4.85 to $5.00. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.28 for the third quarter of 2014 and EPS of $5.06 for fiscal 2014.  Full Article

Airgas Inc Agrees to Acquire The Encompass Gas Group, with Eleven Locations in Illinois, Wisconsin, and Iowa
Monday, 7 Oct 2013 09:00am EDT 

Airgas Inc announced that it has reached a definitive agreement to acquire the assets and operations of The Encompass Gas Group, Inc., headquartered in Rockford, Illinois. With eleven locations and more than 130 employees in Illinois, Wisconsin, and Iowa, Encompass is one of the privately-owned suppliers of industrial, medical, and specialty gases and related hard goods in the U.S., generating approximately $55 million in annual sales in 2012. Terms of the agreement were not disclosed. The transaction is expected to close on November 1, subject to regulatory approval and satisfaction of other customary closing conditions.  Full Article

Airgas Inc Declares Regular Dividend for Second Quarter FY2014
Tuesday, 6 Aug 2013 10:00am EDT 

Airgas Inc announced that Board of Directors declared a regular quarterly cash dividend of $0.48 per share, payable on September 30, 2013 to shareholders of record as of September 13, 2013.  Full Article

Airgas Inc Issues Q2 2014 EPS Guidance Above Analysts' Estimates; Lowers High End Of Prior FY 2014 EPS Guidance
Thursday, 25 Jul 2013 07:30am EDT 

Airgas Inc announced that for second quarter of 2014, it expects earnings per diluted share (EPS) to increase 17% to 21% from adjusted earnings per diluted share of $1.05 in the prior year to a range of $1.23 to $1.27, which includes an estimated year-over-year increase of approximately $0.20 related to the SAP initiative, reflecting an estimated $0.11 of net benefit in the fiscal 2014 second quarter compared to $0.09 of expense in the fiscal 2013 second quarter. For fiscal 2014, it expects earnings per diluted share to increase 15% to 18% from $4.35 in fiscal 2013 to a range of $5.00 to $5.15, which includes an estimated year-over-year increase of approximately $0.65 related to the SAP initiative, reflecting an estimated $0.47 of net benefit in fiscal 2014 compared to $0.18 of net expense in fiscal 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.20 for second quarter of 2014; EPS of $5.06 for fiscal 2014.  Full Article

Airgas Inc Increases First Quarter Dividend By 20%
Thursday, 2 May 2013 07:35am EDT 

Airgas Inc announced that Board of Directors increased the quarterly cash dividend on the Company's common stock by 20%, from $0.40 per share to $0.48 per share. The dividend will be payable on June 28, 2013 to shareholders of record as of June 14, 2013.  Full Article

Airgas Inc Issues Q1 2014 EPS Guidance Below Analysts' Estimates; Issues FY 2014 EPS Guidance In Line With Analysts' Estimates
Thursday, 2 May 2013 07:30am EDT 

Airgas Inc announced that for first quarter of 2014, it expects earnings per diluted share (EPS) to increase 1% to 6% from adjusted earnings per diluted share of $1.13 in the prior year to a range of $1.14 to $1.20, which includes an estimated year-over-year increase of approximately $0.16 related to the SAP initiative, reflecting an estimated $0.06 of net benefit in the fiscal 2014 first quarter compared to $0.10 of expense in the first quarter 2013. For fiscal 2014, it expects EPS to increase 15% to 23% from $4.35 in the fiscal 2013 to a range of $5.00 to $5.35, which includes an estimated year-over-year increase of approximately $0.63 related to the SAP initiative, reflecting an estimated $0.45 of net benefit in fiscal 2014 compared to $0.18 of net expense in fiscal 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.30 for first quarter of 2014 and EPS of $5.35 for fiscal 2014.  Full Article

Airgas Inc Issues $600 Million Of Senior Notes
Monday, 11 Feb 2013 04:15pm EST 

Airgas Inc announced that it has priced $325 million of 1.650% senior notes due February 15, 2018 and $275 million of 2.375% senior notes due February 15, 2020. The offering is expected to close on February 14, 2013, subject to customary closing conditions. The Company's long-term debt is rated Baa2 by Moody`s Investors Service and BBB by Standard and Poor`s Corporation. The Company intends to use the net proceeds from the offering for general corporate purposes, including to fund acquisitions, to repay indebtedness under the Company's commercial paper program and to repurchase shares pursuant to the Company's stock repurchase program. Initially, the Company expects to use the net proceeds to repay indebtedness under its commercial paper program. Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC, served as Joint Book-Running Managers on this transaction.  Full Article

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