Airgas, Inc., is one of America’s leading suppliers of industrial, medical and specialty gases, through its various subsidiaries.
The company also produces and sells hardgoods, such as welding equipment and related products.
It is based in Radnor Township, Pennsylvania, USA.
More than 16,000 people work for Airgas Inc., at over 1,100 locations (including branches, gas fill plants, distribution centers, production facilities, and retail stores).
It also sells its products and services through e-Business and telesales channels.
Airgas was founded by Peter McCausland in 1982. The company went public on the New York Stock Exchange (NYSE) under the stock ticker symbol ‘ARG’ in 1986.
It’s primary businesses include:
Industrial Gases: over 10 million cylinders and 12 acetylene manufacturing facilities supply a full range of industrial gases.
Bulk Gases: distribution infrastructure and bulk gas customers are supplied with more than 14,500 bulk tanks.
Medical Gases: around 350 FDA-registered medical gas facilities serving hospitals and other medical businesses/institutions.
Specialty Gases: high-purity, rare, calibration, and specialty-blend gases are produced at 10 national labs, and 66 regional labs.
CO2/Dry Ice: eight liquid carbon dioxide plants and 50 dry ice facilities – for food processing and pharmaceutical industries.
Welding Hardgoods and Safety products: operating approximately six national distribution centers.
Overview
- President and CEO: Michael Molinini
- Chairman: Peter McCausland
- Industry: Gas
- Type: Public company
- Listed on the New York Stock Exchange (NYSE)
- NYSE stock symbol: ARG
- S&P 500 Component
- Founded: 1982
- Founder: Peter McCausland
- Sales: $5.072 billion USD (2014)
- Net earnings: $350.784 million USD (2014)
- Earnings per share: $4.76 USD (2014)
- Company head office: 259 N. Radnor-Chester Road, Radnor Township, Pennsylvania, USA
- Employees: 16,000 + (2014)
- Website: http://www.airgas.com/
- Investor relations number: 800-255-2165
- Investor relations email: [email protected]
Airgas, Inc. Financial Results, Years Ended March 31
| Operating data (in $ thousands) | 2014 | 2013 |
| Sales | $5,072,537 | $4,957,497 |
| Total costs and expenses | $4,442,003 | $4,361,080 |
| Cost of products sold | $2,247,574 | $2,235,567 |
| Selling, distribution, and administrative costs | $1,889,123 | $1,828,524 |
| Depreciation | $275,461 | $261,622 |
| Business restructuring | $ – | $8,089 |
| Operating income | $630,536 | $596,417 |
| Earnings before income taxes | $551,905 | $543,417 |
| Net earnings | $350,784 | $340,874 |
| Balance sheet data (in $ millions) | ||
| Total assets | $5,793,314 | $5,618,225 |
| Long term debt | $1,706,774 | $2,304,245 |
| Total stockholders’ equity | $1,840,649 | $1,536,983 |
| Common share data (in $) | ||
| Basic earnings per share | $4.76 | $4.45 |
| Diluted earnings per share | $4.68 | $4.35 |
Source: “Airgas Inc. Form 10-K 2014”