Airgas Fiscal 2006 Earnings Up 20% to $2.8B
Airgas, Inc., Radnor, PA, reported its fiscal 2006 earnings were up 20% to $2.8 billion. For the full fiscal year 2006, net income was $124 million.
In fiscal 2006, Airgas acquired 13 companies for a total of $128 million ﾖ those companies had combined annual sales of $141 million.
The company also reported fourth quarter sales were up 16% to $747 million reflecting same-store sales growth as well as growth through acquisition. The distributor of industrial, medical and specialty gases, welding, safety and related products reported same-store sales growth was up 12%, gas and rent up 10% and hardgoods up 13%. Sales results reflect broad demand from industrial, energy, and non-residential construction market ...