Airgas (ARG) Reports Solid Q1 Results; Raises Qtr. Dividend to $0.25/Share; Guides Q2, Raises FY11

Airgas (ARG) reports Q1 adj-EPS of $0.83, 12 cents better than the analyst estimate of $0.71. Revenue for the quarter was $1.05 billion, which compares to the estimate of $1.03 billion. Same store sales were up 6% YoY. Raises its quarterly dividend to $0.25 per common share. Sees Q2 adj-EPS of $0.78-$0.82, versus the consensus of $0.77. Raises its FY11 adj-EPS guidance from $2.68 to $3.15-$3.30, which compares to the Street estimate of $3.04.... Read more