Airgas Earnings: Everything You Must Know Now

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.

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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)…

Revenue increased 4.58% from $1.21 billion in the previous quarter. EPS increased 9.62% from $1.04 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.36 to a profit $1.3. For the current year, the average estimate has moved down from a profit of $4.48 to a profit of $4.34 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]