Airgas has had a record first-quarter with profits surging 34 per cent to $29.6 million.
This compares with $22.1 million for the same period a year ago.
Sales jumped 27 per cent to $691 million, boosted by same-store sales and acquisitions. Total same-store sales were up 12 per cent compared to the same quarter in 2004, with gas and rent up 10 per cent and hard goods up 14 per cent.
Airgas chairman and chief executive officer Peter McCausland commented: We delivered another strong quarter, growing EPS by 31 per cent, as we capitalized on good market conditions. We had exceptional results in our strategic growth categories of medical, specialty and bulk gas and safety products.
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