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Airgas Profit Rises 4.9%

Thu, 07/24/2014 - 2:40pm
Associated Press

RADNOR, Pa. (AP) — Airgas Inc. (ARG) on Thursday reported earnings that rose by 4.9 percent in its fiscal first quarter. The results matched analysts' expectations.

The Radnor, Pennsylvania-based company said profit increased to $88.9 million, or $1.18 per share, from $84.7 million, or $1.14 per share, in the same quarter a year earlier.

The company said revenue climbed 2.6 percent to $1.31 billion from $1.28 billion in the same quarter a year ago. The results matched Wall Street forecasts.

Airgas shares have decreased $1.38, or 1.2 percent, to $110.47 since the beginning of the year, while the Standard & Poor's 500 index has risen 7.5 percent. However, the stock has climbed $9.39, or 9.3 percent, in the last 12 months.

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