Airgas reports record fourth quarter earnings


Airgas, the largest U.S. distributor of industrial, medical, and specialty gases, and related supplies, today reported strong performance in sales, operating income, and earnings for its fourth quarter ending the 31st of March 2012.

Business trends reflect growth across the company’s diverse customer base with particular strength in large manufacturing, petrochemical, and energy customers.

Fourth quarter adjusted earnings per diluted share were a record $1.11, an increase of 26% from $0.88 in the prior year.

Results included SAP implementation costs and depreciation expense of $0.09 and $0.04 per diluted share for the current and prior year quarters respectively, and the current quarter reflected the benefit of share repurchases which offset the incremental SAP costs.

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