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Airgas Reports Fiscal Third Quarter Earnings

Since the beginning of its fiscal year, the Company has acquired fifteen businesses with aggregate annual revenues of more than $94 million.

Guidance

The Company expects earnings per diluted share for the fourth quarter of fiscal 2013 to increase 4% to 10% from $1.12 in the prior year to $1.17 to $1.23. The Company expects adjusted earnings per diluted share* for the fourth quarter of fiscal 2013 to increase 6% to 12% from $1.11 in the prior year to $1.18 to $1.24. Guidance for both earnings per diluted share and adjusted earnings per diluted share* reflects an estimated year-over-year decline of $0.04 from the impact of one less selling day in the fiscal 2013 fourth quarter, an estimated year-over-year decline of $0.01 from the impact of lower sales due to helium supply constraints, and an estimated year-over-year decline of $0.02 due to a higher tax rate, as well as approximately $0.04 to $0.06 of expected SAP-related benefits, net of implementation costs and depreciation expense, compared to $0.09 of expense in the prior year. Guidance does not reflect the impact from potential share repurchases in the fourth quarter under the Company’s current share repurchase authorization.

For fiscal 2013, the Company expects earnings per diluted share to increase 10% to 12% from $4.00 in the prior year to $4.40 to $4.46. The Company expects adjusted earnings per diluted share* to increase 7% to 9% from $4.11 in the prior year to $4.40 to $4.46. Guidance for both earnings per diluted share and adjusted earnings per diluted share* reflects an estimated year-over-year decline of $0.07 from the impact of two less selling days in fiscal 2013, an estimated year-over-year decline of $0.07 from the impact of lower sales due to helium supply constraints, and an estimated year-over-year decline of $0.02 due to a higher tax rate, as well as approximately $0.16 to $0.18 of SAP implementation costs and depreciation expense, net of expected benefits, compared to $0.34 of SAP implementation costs and depreciation expense in the prior year. Guidance does not reflect the impact from potential share repurchases in the fourth quarter under the Company’s current share repurchase authorization.

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