FEATURED ARTICLES
NEWS
August 29, 2011
Airgas Inc. boosted its dividend 10 percent, to 32 cents per share from 29 cents per share. The dividend is payable Sept. 30 to shareholders of record on Sept. 15. Airgas, which is based in Radnor, distributes industrial gases. Shortly after noon today, company shares were up 69 cents to $63.27.    - Harold Brubaker
NEWS
May 9, 2011
Airgas Inc. said Monday that it bought a Bloomington, Ind., producer and distributor of dry ice and carbon dioxide for an undisclosed sum. The Indiana firm, Pain Enterprises Inc., has 140 employees and annual revenues of about $33 million. Its customers include the food and beverage industry, hospitals, and industrial and chemical manufacturers Airgas, of Radnor, is the largest U.S. distributor of industrial, medical and specialty gases, and other products such as welding equipment and supplies.
NEWS
May 5, 2011
Airgas Inc., Radnor, said today that it will repurchase up to $300 million worth of its outstanding common stock. The shares were trading at $67.50 early this afternoon, which means the company will buy back about 4.4 million shares. Airgas currently has 79.8 million shares outstanding. The company said its strong cash flow will enable it to buy the shares and fund its growth plans. It recently rebuffed an unsolicited $5.9 billion takeover bid from rival Air Products & Chemicals Inc., Allentown.
BUSINESS
August 9, 1988 | By Dan Stets, Inquirer Staff Writer
Airgas Inc., the Radnor-based energy company, had sharply higher profits for its first quarter because of improved earnings from its protective- equipment operations and the acquisition of additional industrial-gas distribution companies. Since April 1, 1987, Airgas has bought 22 industrial- gas distribution firms. The companies helped increase sales in the distribution sector to $31.8 million, up from $14.6 million in the first quarter of 1987. Airgas distributes industrial, medical and specialty gases and makes equipment and other products used by the industrial-gas industry.
BUSINESS
August 14, 1990 | The Inquirer Staff
Airgas Inc., the Radnor distributor of industrial gases and welding supplies, said revenues and operating profits increased in the first quarter, which ended June 30. Net income fell compared with the same quarter last year, when Airgas had $1.06 million in income from discontinued operations. Interest expense declined by $867,000 in the quarter because the company paid off some debt and because interest rates were lower. AIRGAS INC. (ARG) NYSE 1 QTR. END 1 QTR. END PCT. 6/30/90 6/30/89 CHG. Sales (millions)
NEWS
October 27, 2011
Because of economic strength in manufacturing-intensive regions of the United States and in the petrochemical and energy markets, Airgas Inc. boost its earnings outlook for the fiscal year ending in March. The Radnor distributor of industrial and specialty gases as well as welding and safety supplies said it expect full-year earnings to be in the range of $3.97 to $4.07 per share, up from a July projection of $3.90 to $4.05 per share. Revenue in Airgas' second quarter, which ended Sept.
BUSINESS
February 15, 1990 | By Dan Stets, Inquirer Staff Writer
Earnings for Airgas Inc., the Radnor industrial-gas company, blasted off in the third quarter thanks to the sale of the company's Jackson Products subsidiary. The company gained $31.8 million, $4.56 a share, from the sale. Earnings from continuing operations were up, to $1.03 million from $659,000 in the same quarter in 1988. Continuing operations got their boost from lower interest costs and investment income earned on profits from the Jackson Products sale. They were offset by a decline in profits from industrial gas distribution and calcium carbide production.
NEWS
September 20, 2010
Airgas Inc., Radnor, said it won a three-year contract extension to supply safety products to the Boeing Co. The first year of the deal will bring Airgas $19 million in revenue. Airgas provides safety and industrial hygiene products to the airplane and helicopter manufacturer. Airgas also is a distributor of industrial gases.    - Paul Schweizer
BUSINESS
January 28, 1994 | By Donna Shaw, Julia C. Martinez and Susan Q. Stranahan, INQUIRER STAFF WRITERS
Airgas Inc., the Radnor distributor of industrial, medical and specialty gases, reported large gains in sales and earnings for the third quarter and the first nine months of the year. The rise in sales, the company said, resulted from the acquisition of 28 industrial-gas distribution companies since April 1992 and an increase in sales. The earnings increase was attributed primarily to higher distribution sales, increased gross profit margins, strong cash flow resulting in lower interest costs because of debt repayment, acquisitions, and a decrease in depreciation expense.
NEWS
June 1, 2010
Air Products & Chemicals Inc., Allentown, extended its $60-a-share tender offer for Airgas Inc., Radnor, for the second time, moving the deadline to Aug. 13 from June 4.    - Harold Brubaker
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ARTICLES BY DATE
BUSINESS
January 1, 2016 | By Harold Brubaker, Staff Writer
For the first time, global corporate dealmaking topped $5 trillion this year as companies paid dearly for growth in a slow economy. The total represented a 37 percent increase from 2014, according to financial data firm Dealogic. That was thanks to a large number of megadeals worth $10 billion or more, including two in pharmaceuticals and beer, worth more than $100 billion. The $65.59 billion merger announced this month between Dow Chemical Co. and Wilmington's DuPont Co., among the top 10 globally, accounted for more than half the $113.4 billion worth of deals this year involving Philadelphia-area companies, data from Bloomberg L.P. showed.
BUSINESS
November 20, 2015 | By Harold Brubaker, Inquirer Staff Writer
Airgas Inc. founder Peter McCausland says that, for him, it's always been about the shareholders. That was true five years ago, when the Airgas board put in place an unusually onerous poison pill to fight off a takeover attempt by Air Products & Chemicals Inc. of Allentown. It's true now, he said Wednesday, the day after the board he leads as executive chairman agreed to sell Airgas to Paris-based Air Liquide S.A. for $10.3 billion, or $143 a share. "It is gratifying," McCausland said.
BUSINESS
November 19, 2015 | By Harold Brubaker, Inquirer Staff Writer
In a deal worth nearly $1 billion to founder Peter McCausland, Airgas Inc., a Radnor distributor of industrial gases and related goods, has agreed to a $10.3 billion takeover by French giant Air Liquide, the two companies said Tuesday. The deal comes five years after McCausland survived a bitter takeover fight with Allentown's Air Products & Chemicals Inc., which wanted to buy Airgas for as much as $5.9 billion, or $70 a share, before giving up in February 2011 after a court loss. Paris-based Air Liquide agreed to pay Airgas shareholders $143 a share, a 50 percent premium to Airgas' close Thursday, the last day of trading before speculation about a deal started driving Airgas shares up. Airgas shares closed at $137.35 on Tuesday, up $31.17, or 29 percent Including debt, the deal is worth $13.4 billion, according to Air Liquide, which has a corporate hub in Houston, a research and development center in Newark, Del., and operations in Bucks County.
BUSINESS
December 30, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
A billion dollars still buys a lot of real estate in Philadelphia. That's how much commercial real estate brokers in the Philadelphia office of Jones Lang LaSalle say they sold here in 2014. It was a record for the firm, said executive vice president Doug Rodio . The company claims it is the largest adviser to big building-sellers in the region. Prices are up. See, for example, Radnor Court, the brick-and-glass, 121,000-square-foot complex where Airgas has its headquarters on Radnor-Chester Road, near the Radnor SEPTA station.
SPORTS
June 8, 2013 | By Tyler R. Tynes, Inquirer Staff Writer
  Griffin Easter drifted to a stop after he finished just five feet behind Zach Noonan in Sunday's Parx Casino Philly Cycling Classic. While Easter, a 22-year-old member of the D3Devo p/b Airgas cycling team from Upland, Calif., was happy with his 18th-place finish, his most realistic goal was to pass the 20-year-old Noonan at the end and win the Jerry Casale Memorial Award that is given to the top male rider under 23 in the race. "When I saw how close I was, I had to put my game face on," Easter said.
BUSINESS
March 22, 2013
In the Region Comcast chief sees huge TV changes   Comcast Corp. chief executive Brian L. Roberts, speaking at the Economic Club of Washington, said he believes that television has evolved more in the last five years than it did in the prior 50. He also said the number of Comcast Internet customers should exceed the number of Comcast TV customers over the next couple of years. Comcast, of Philadelphia, serves about 20 million Internet subscribers and 22 million TV customers.
BUSINESS
March 18, 2013
Securities trades recently reported to the Securities and Exchange Commission by officers, directors, and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC. Ace Ltd. Philip V. Bancroft , chief financial officer, sold 27,705 shares at $86.75 on Mar. 7, and now directly holds 229,431 shares. Airgas Inc. Robert A. Dougherty , chief technology officer, sold 20,483 shares at $101.76 on Mar. 6, and now directly holds 6,160 shares.
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