Key Developments: Airgas Inc (ARG)

ARG on New York Consolidated

116.75USD
25 Nov 2014
Price Change (% chg)

$-0.34 (-0.29%)
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$118.75
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Latest Key Developments (Source: Significant Developments)

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

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

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