Airgas (ARG) Tops Q1 EPS by 1c; Narrows Outlook

Airgas (NYSE: ARG) reported Q1 EPS of $1.16, $0.01 better than the analyst estimate of $1.15. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.34 billion.

Airgas sees FY2015 EPS of $4.90-$5.05, versus prior guidance of $4.85-$5.15 and the consensus of $4.96.

“Cash flows were again strong, and we delivered earnings squarely in the middle of our guidance range. As anticipated, sales to our customers engaged in the energy and chemical and the manufacturing and metal fabrication sectors remained challenged through the quarter,” said Airgas President and Chief Executive Officer Michael L. Molinini. “One bright spot is the continued strength we are seeing in non-residential construction. After a relatively slow calendar 2014, our March 2015 quarter saw year-over-year growth in non-residential construction of 5% and this quarter year-over-year growth reached 6%. We remain focused on things we can control including leveraging our industry leading platform and managing expenses.”

For earnings history and earnings-related data on Airgas (ARG) click here.

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