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
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.
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.
August 9, 1988 |
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.
August 14, 1990 |
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)
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.
February 15, 1990 |
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.
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
January 28, 1994 |
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.
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