NEW YORK (TheStreet) -- Airgas (ARG) shares closed trading up 3.83% to $100.90 on Tuesday following the release of the industrial and medical gas supplier's first quarter earnings today.

The Wayne, PA-based company reported first quarter net income of $88.2 million, or $1.16 per share on revenue of $1.35 billion.

Both totals topped analysts' expectations for the period of $1.15 per share on revenue of $1.34 billion.

The company issued full year earnings guidance of between $4.90 and $5.05 per share. 

"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 CEO Michael L. Molinini.

TheStreet Ratings team rates AIRGAS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

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