Key Developments: Airgas Inc (ARG)

ARG on New York Consolidated

111.07USD
17 Sep 2014
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$0.70 (+0.63%)
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Latest Key Developments (Source: Significant Developments)

Airgas Inc Declares Regular Dividend For Fourth Quarter FY2013
Tuesday, 29 Jan 2013 11:00am EST 

Airgas Inc announced that Board of Directors declared a regular quarterly cash dividend of $0.40 per share, payable on March 28, 2013 to shareholders of record as of March 14, 2013.  Full Article

Airgas Inc Issues Q4 2013 EPS Guidance Below Analysts' Estimates; Lowers FY 2013 EPS Guidance
Thursday, 24 Jan 2013 07:30am EST 

Airgas Inc announced that it expects earnings per diluted share (EPS) for the fourth quarter of 2013 to increase 4% to 10% from $1.12 in the prior year to $1.17 to $1.23 and adjusted earnings per diluted share to increase 6% to 12% from $1.11 in the prior year to $1.18 to $1.24. For fiscal 2013, the Company expects earnings per diluted share to increase 10% to 12% from $4.00 in the prior year to $4.40 to $4.46 and adjusted earnings per diluted share to increase 7% to 9% from $4.11 in the prior year to $4.40 to $4.46. Guidance for both earnings per diluted share and adjusted earnings per diluted share reflects an estimated year-over-year decline of $0.07 from the impact of two less selling days in fiscal 2013, an estimated year-over-year decline of $0.07 from the impact of lower sales due to helium supply constraints, and an estimated year-over-year decline of $0.02 due to a higher tax rate, as well as approximately $0.16 to $0.18 of SAP implementation costs and depreciation expense, net of expected benefits, compared to $0.34 of SAP implementation costs and depreciation expense in the prior year. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.30 for the fourth quarter of 2013 and EPS of $4.55 for fiscal 2013.  Full Article

Airgas Inc Announces Core Business Acquisitions
Tuesday, 18 Dec 2012 04:10pm EST 

Airgas Inc announced that it has acquired the assets and operations of four businesses that complement the Airgas portfolio of products and services. Combined annual revenues for the four acquired businesses are approximately $20 million. Financial terms of the transactions were not disclosed.  Full Article

Airgas Inc Declares Regular Dividend For Third Quarter FY2013
Tuesday, 20 Nov 2012 11:00am EST 

Airgas Inc announced that the Board of Directors declared a regular quarterly cash dividend of $0.40 per share, payable on December 28, 2012 to shareholders of record as of December 14, 2012.  Full Article

Airgas Inc Issues $250 Million Of 2.90% Senior Notes Due 2022
Monday, 19 Nov 2012 04:15pm EST 

Airgas Inc announced that it has priced $250 million of 2.90% senior notes due November 15, 2022. The offering is expected to close on November 26, 2012, subject to customary closing conditions. The notes are being offered under a shelf registration statement filed with the U.S. Securities and Exchange Commission. 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.  Full Article

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