Airgas provides update on fiscal 2015 fourth quarter
Airgas, Inc. (NYSE: ARG), one of the nation’s leading suppliers of industrial, medical, and specialty gases, and related products, recently provided an update on organic sales growth and issued revised earnings guidance for its fourth quarter ending March 31, 2015.
“Organic sales growth has been disappointing this quarter,” said President and Chief Executive Officer Michael Molinini. “Organic sales year-over-year growth rates, which were 6% in the December quarter, have moved lower this quarter. Based on sales to date and current trends, we now expect year-over-year organic growth for our fourth quarter to be in the range of 1% to 2%, compared to growth of 6% to 7% which was assumed in our guidance.