Last $117.25 USD
Change Today +0.68 / 0.58%
Volume 402.3K
ARG On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

airgas inc (ARG) Snapshot

Open
$118.00
Previous Close
$116.57
Day High
$118.75
Day Low
$116.87
52 Week High
11/21/14 - $118.75
52 Week Low
02/4/14 - $99.32
Market Cap
8.8B
Average Volume 10 Days
255.9K
EPS TTM
$4.83
Shares Outstanding
74.7M
EX-Date
12/10/14
P/E TM
24.3x
Dividend
$2.20
Dividend Yield
1.76%
Current Stock Chart for AIRGAS INC (ARG)

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airgas inc (ARG) Details

Airgas, Inc., together with its subsidiaries, supplies industrial, medical and specialty gases, and hard goods. The company operates through two segments, Distribution and All Other Operations. The Distribution segment offers industrial, medical, and specialty gases, as well as hard goods, such as welding equipment and related products, consumables and equipment, safety products, construction supplies, and maintenance, repair, and operating supplies. It offers atmospheric gases, including nitrogen, oxygen, and argon; helium; hydrogen; welding and fuel gases, such as acetylene, propylene, and propane; carbon dioxide; nitrous oxide; various gases; special application blends; and process chemicals. This segment also rents gas cylinders, cryogenic liquid containers, bulk storage tanks, tube trailers, and welding-related and other equipment. The All Other Operations segment produces carbon dioxide, dry ice, and nitrous oxide; distributes refrigerants, and anhydrous and aqua ammonia; and provides technical and refrigerant reclamation services. The company markets its products and services through various sales channels, including branch-based sales representatives, retail stores, strategic customer account programs, telesales, catalogs, e-business, and independent distributors. It serves various industries, including manufacturing and metal fabrication; non-residential construction; life sciences and healthcare; food, beverage, and retail; energy and chemical production and distribution; basic materials and services; and government and other industries. The company has operations in the United States, Canada, Mexico, Russia, Dubai, and European countries. Airgas, Inc. was founded in 1982 and is based in Radnor, Pennsylvania.

16,000 Employees
Last Reported Date: 05/29/14
Founded in 1982

airgas inc (ARG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $862.8K
Founder, Executive Chairman and Member of Exe...
Total Annual Compensation: $900.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $470.5K
President of North Division
Total Annual Compensation: $329.8K
President of Airgas USA LLC
Total Annual Compensation: $296.9K
Compensation as of Fiscal Year 2014.

airgas inc (ARG) Key Developments

Airgas, Inc. Enters into Second Amended and Restated Credit Agreement

On November 18, 2014, Airgas, Inc. entered into the Second Amended and Restated Credit Agreement by and among the company, certain of its subsidiaries as additional borrowers, Bank of America, N.A. as administrative agent and the lenders named therein. The Second Amended and Restated Credit Agreement consists of a USD 875 million revolving credit line, with a $100 million dollar letter of credit sublimit and a $75 million dollar swingline sublimit, and a $125 million (U.S. dollar equivalent) multi-currency revolving credit line. Under circumstances described in the Second Amended and Restated Credit Agreement, the revolving credit line may be increased by an additional $500 million, provided that the multi-currency revolving credit line may not be increased by more than an additional $50 million. The company entered into the Second Amended and Restated Credit Agreement to amend and restate the previous amended and restated credit agreement, dated as of July 19, 2011, by and among the Borrowers, Bank of America, N.A. as administrative agent and the lenders named therein. The amendments effected by the Second Amended and Restated Credit Agreement include the extension of the maturity date of the facility from July 19, 2016 to November 18, 2019 and provide for a reduction in the commitment fee from 0.20% to 0.15% per annum. The Second Amended and Restated Credit Agreement also increased the basket sizes under certain of the negative covenants. Other significant terms of the Second Amended and Restated Credit Agreement have remained generally consistent with the First Amended and Restated Credit Agreement. As of November 18, 2014, the company has borrowings under the Second Amended and Restated Credit Agreement of 11.4 million, 23.0 million and CAD 7.0 million. The company also has $387.7 million of commercial paper outstanding as of November 18, 2014, which is supported by the Second Amended and Restated Credit Agreement. The foregoing description does not constitute a complete summary of the Second Amended and Restated Credit Agreement and is qualified by reference in its entirety to the full text of the Second Amended and Restated Credit Agreement.

Airgas, Inc. Declares Regular Dividend for Third Quarter of Fiscal Year 2015, Payable on December 29, 2014

Airgas, Inc. announced that the Board of Directors declared a regular quarterly cash dividend of $0.55 per share, payable on December 29, 2014 to shareholders of record as of December 12, 2014.

Airgas, Inc. Presents at Morgan Stanley Global Chemicals & Agriculture Conference 2014, Nov-12-2014 11:00 AM

Airgas, Inc. Presents at Morgan Stanley Global Chemicals & Agriculture Conference 2014, Nov-12-2014 11:00 AM. Venue: Four Seasons Hotel Boston, 200 Boylston Street, Boston, Massachusetts, United States. Speakers: Robert M. McLaughlin, Chief Financial Officer and Senior Vice President.

 

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Industry Analysis

ARG

Industry Average

Valuation ARG Industry Range
Price/Earnings 24.7x
Price/Sales 1.7x
Price/Book 4.4x
Price/Cash Flow 13.0x
TEV/Sales 1.2x
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