Airgas Earnings May Miss Guidance as Sales Unchanged
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Airgas Inc. (ARG), the largest U.S. distributor of packaged gases, said it may miss earnings guidance for its fiscal fourth-quarter ending March 31 after “organic” sales growth was flat through February.
Unless the Radnor, Pennsylvania-based company sees a “strong” finish to the quarter, the disappointing sales numbers suggest Airgas may miss the low end of its adjusted earnings guidance of $1.18 to $1.24 a share by about 4 percent, Executive Chairman Peter McCausland said today in a statement.
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