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Airgas Fiscal 4th-quarter Profit Falls 12 Percent

Stock quotes in this article: ARG  

RADNOR, Pa. (AP) — Airgas Inc., a distributor of industrial and specialty gases and welding and safety-related products, said its fiscal fourth-quarter profit fell 12 percent as its customers suffered in a slow economy.

The company said it earned $56.5 million, or 68 cents per share, for the quarter ended March 31, down from $64.2 million, or 76 cents per share, during the year-earlier period. Sales fell 8.7 percent to $992.1 million from $1.09 billion a year earlier.

Analysts surveyed by Thomson Reuters were expecting a profit of 65 cents per share on revenue of $1.02 billion. ...

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