Airgas -5.8% as FQ4 earnings, revenue disappoint

Airgas (ARG) -5.8% premarket after reporting lower than expected FQ4 earnings and revenues, which ARG says reflected sluggish business conditions, the negative impact on its refrigerants business from the EPA's March 2013 ruling, and severe weather.

Q1 organic sales fell 1% Y/Y, with gas and rent down 1% and hardgoods down 2%.

Issues downside guidance for Q1, seeing EPS of $1.15-$1.20 vs. $1.29 analyst consensus estimate and organic sales growth in the low single digits; issues downside guidance for FY 2015, seeing EPS of $5.00-$5.20 vs. $5.42 consensus.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs