Airgas's Fourth Quarter Sales Up 14 Percent

Airgas Inc., the Radnor, Pa.-based distributor of industrial, medical, and specialty gases and also welding and safety products, said yesterday that its sales rose by 14 percent in its fourth quarter, which ended March 31, from last year's fourth quarter. Income from continuing operations was $43.7 million (54 cents per diluted share) versuso $36million (45 cents).

"Wecapped the most successful year for acquisitions in our 25-year history," said Peter McCausland, the company's chairman and CEO. "The quarter included the acquisition of CFC Refimax in January and the March 9 acquisition of Linde¹s divested bulk gas business, bringing our year-end total to 13 acquisitions with more than $335 million in acquired revenue."

"Our non-residential construction and energy markets remain healthy," he added. "Along with our strategic products, they are helping to provide good growth in today¹s economic climate,² said McCausland. ³Most importantly, our growth is profitable. . . . Return on capital was 13.3 percent, an increase of 50 basis points over the prior year." The company's earnings teleconference will take place today, and a webcast of the teleconference will be available at www.shareholder.com/arg/medialist.cfm until June 1.

Download Center

HTML - No Current Item Deck
  • Safety Management Software - Free Demo

    IndustrySafe Safety Software’s comprehensive suite of modules help organizations to record and manage incidents, inspections, hazards, behavior based safety observations, and much more. Improve safety with an easy to use tool for tracking, notifying and reporting on key safety data.

  • Create Flexible Safety Dashboards

    IndustrySafe’s Dashboard Module allows organizations allows you to easily create and view safety KPIs to help you make informed business decisions. Our best of breed default indicators can also save you valuable time and effort in monitoring safety metrics.

  • Schedule and Record Observations

    IndustrySafe's Observations module allows managers, supervisors, and employees to conduct observations on employees involved in safety critical behavior. IndustrySafe’s pre-built BBS checklists may be used as is, or can be customized to better suit the needs of your organization.

  • Why Is Near Miss Reporting Important?

    A near miss is an accident that's waiting to happen. Learn how to investigate these close calls and prevent more serious incidents from occurring in the future.

  • Get the Ultimate Guide to Safety Training

    When it comes to safety training, no matter the industry, there are always questions regarding requirements and certifications. We’ve put together a guide on key safety training topics, requirements for certifications, and answers to common FAQs.

  • Industry Safe
comments powered by Disqus

OH&S Digital Edition

  • OHS Magazine Digital Edition - June 2019

    June 2019

    Featuring:

    • ASSP SAFETY 2019 PREVIEW
      New Orleans Networking
    • NATION SAFETY MONTH
      Heed These Summer Safety Tips
    • TRAINING
      Education, Skill Development, and Behavior Change
    • SAFETY MANAGEMENT
      What Good Looks Like
    View This Issue

Bulwark Quiz