The North American industrial gas specialist, Airgas has unveiled buoyant results during the third quarter of 2012. Highlights include a 12% increase in sales alongside a 21% incline in adjusted diluted EPS on the prior year.
According to reports for the quarter ended 31st December 2011, business trends reflected continued volume growth across the company’s customer base, with particular focus on large manufacturing, petrochemical and energy sectors.
In detail
Third quarter adjusted earnings per diluted share were $0.97, an increase of 21% from $0.80 in the prior year. Similarly, sales saw a 12% increase to $1.15bn, with same-store sales appreciated 9%, hardgoods by 14% and gas and rent increasing 7%. Fiscal study shows that acquisitions contributed a 3% increase to sales growth during the quarter, while sales per day remained static on a consolidated basis.
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