Airgas Inc. (NYSE:ARG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Airgas Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 2.7% to $1.14 in the quarter versus EPS of $1.11 in the year-earlier quarter.
Revenue: Rose 1.76% to $1.26 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Airgas Inc. reported adjusted EPS income of $1.14 per share. By that measure, the company beat the mean analyst estimate of $1.13. It beat the average revenue estimate of $1.26 billion.
Quoting Management: “Despite the soft economy, we delivered record adjusted earnings per diluted share* of $4.35 in fiscal 2013, up 6% over the prior year, and we are expecting EPS growth of 15% to 23% in fiscal year 2014,” said Airgas Executive Chairman Peter McCausland. “Strong cash flow continues to be a hallmark of the Airgas business model, and our confidence in Airgas’ long-term prospects and financial stability enables us to increase the dividend while continuing to fund our growth strategies.”
Key Stats (on next page)…