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Airgas, Inc. An Air Liquide Company
Type
Subsidiary of Air Liquide
Industry Gas
Founded 1982
Founder Peter McCausland
Headquarters Radnor Township, Pennsylvania, United States
Area served
North America
Key people
Peter McCausland
(Executive Chairman)
Michael Molinini
(President and CEO)
Revenue
  • Increase US$ 5,072.537 million (2014)
  • Increase US$ 4,957.497 million (2013)
Operating income
  • Increase US$ 630.534 million (2014)
  • Increase US$ 596.417 million (2013)
Net income
  • Increase US$ 350.784 million (2014)
  • Increase US$ 340.874 million (2013)
Total assets
  • Increase US$ 5,793.314 million (2014)
  • Increase US$ 5,618.225 million (2013)
Total equity
  • Increase US$ 1,840.649 million (2014)
  • Decrease US$ 1,536.983 million (2013)
Number of employees
more than 17,000(Jul 2015)
Website Airgas.com

Airgas, Inc., headquartered in Radnor Township, Pennsylvania, through its subsidiaries, is the largest American distributor of industrial, medical and specialty gases (delivered in packaged or cylinder form), and hardgoods (welding, safety and related products).

In November 2015, Airgas agreed to be acquired by France’s Air Liquide for a total of $13.4 billion. The transaction is expected to close in the second or third quarter of 2016.

Airgas is also the second-largest U.S. distributor of safety products, the largest U.S. producer of nitrous oxide and dry ice, and the largest supplier of liquid carbon dioxide in the Southeastern United States. The company is also a distributor of process chemicals, refrigerants and ammonia products.

Most of its 15,000 employees work in 11 regional companies to serve a diversified customer base. Its integrated network of about 1,100 locations includes branches, cylinder fill plants, production facilities, specialty gas laboratories, and regional distribution centers. Airgas markets through multiple channels, including its own branches and outside sales force, a Strategic Accounts Team focused on large customers, distributors and resellers, telesales, catalog and eBusiness channels.

Airgas was founded by Chairman and Chief Executive Officer Peter McCausland in 1982, and became a publicly traded company in 1986 (jobs). Through more than 400 acquisitions and internal growth, Airgas built the largest national distribution network in the packaged gas industry.

On 8 September 2009 (no jobs), Airgas replaced Cooper Industries in the S&P500 index.

In October 2009 (no jobs), John McGlade, the President and Chief Executive Officer of Air Products, a competing concern, privately asked McCausland whether he'd be interested in merging the two companies. McCausland rejected the idea.

In February 2010 (no jobs), Air Products initiated a public tender offer for Airgas. The offer was extended, and the price increased, throughout the subsequent year.

Air Products abandoned the effort on February 15, 2011, after a decision by the Delaware Chancery Court that upheld Airgas's extensive use of a "poison pill" defense.

In November 2015, Air Liquide announced a deal to purchase Airgas for $13.4B (including debt). This deal was approved by the Airgas Board of Directors and shareholders. The acquisition has now been finalised and announced on the 24th May 2016 and Airgas is now a wholly owned subsidiary of Air Liquide France.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2016 2016-10-24 Future report Set alerts
Q1 2016 2016-07-26 Future report Set alerts
Q4 2015 2016-05-10 1.20 1.05
Q3 2015 2016-01-28 1.19 1.01
Q2 2015 2015-10-27 1.31 1.31
Q1 2015 2015-07-28 1.16 1.16
Q4 2014 2015-04-30 1.15 1.15
Q3 2014 2015-02-03 1.23 1.23
Q2 2014 2014-10-23 1.30 1.30
Q1 2014 2014-07-24 1.18 1.18

Ratings

2015-11-20 Reiterated Rating Deutsche Bank Hold $143.00
2015-11-20 Downgrade Jefferies Group Buy to Hold
2015-11-20 Reiterated Rating Deutsche Bank AG Hold $143.00
2015-11-19 Downgrade Seaport Global Securities Accumulate to Neutral $115.00 to $143.00
2015-11-19 Downgrade Buy Neutral $143.00
2015-11-19 Downgrade Raymond James Market Perform to Underperform
2015-11-19 Downgrade Raymond James Financial Inc. Market Perform to Underperform
2015-11-16 Reiterated Rating Jefferies Group Buy to Buy $113.00
2015-11-03 Boost Price Target Susquehanna Neutral $95.00 to $99.00
2015-10-26 Lower Price Target Robert W. Baird Neutral $111.00 to $105.00
2015-10-07 Lower Price Target Susquehanna Neutral $99.00 to $95.00
2015-09-23 Reiterated Rating Jefferies Group Buy $113.00
2015-08-24 Downgrade Robert W. Baird Outperform to Neutral $111.00
2015-05-29 Downgrade Credit Agricole Outperform to Underperform $110.00
2015-05-29 Downgrade CLSA Outperform to Underperform $110.00
2015-05-29 Downgrade Credit Agricole SA Outperform to Underperform $110.00
2015-05-22 Reiterated Rating Susquehanna Hold $99.00
2015-05-09 Reiterated Rating Robert W. Baird Outperform $121.00 to $113.00
2015-05-06 Lower Price Target Susquehanna Neutral $101.00 to $99.00
2015-03-23 Downgrade Global Hunter Securities Buy to Accumulate
2015-03-23 Downgrade Seaport Global Securities Buy to Accumulate
2015-03-22 Reiterated Rating William Blair Market Perform
2015-02-12 Downgrade William Blair Outperform to Market Perform
2015-02-04 Downgrade First Analysis Overweight to Equal Weight $125.00
2014-12-05 Boost Price Target Jefferies Group Buy $126.00 to $132.00
2014-09-11 Initiated Coverage Northcoast Research Neutral
2014-07-25 Reiterated Rating Deutsche Bank Hold $110.00 to $115.00
2014-07-09 Reiterated Rating Jefferies Group Buy $116.00 to $126.00
2014-05-07 Boost Price Target Susquehanna Neutral $104.00 to $106.00
2014-05-02 Reiterated Rating Deutsche Bank Hold $115.00 to $110.00
2014-05-02 Lower Price Target Robert W. Baird $116.00 to $115.00
2014-05-02 Lower Price Target Jefferies Group Buy $121.00 to $116.00
2014-04-29 Downgrade Atlantic Securities Overweight to Neutral $120.00 to $110.00
2014-03-12 Downgrade BGC Financial Buy to Hold $115.00
2014-02-03 Upgrade First Analysis Equal Weight to Overweight $125.00
2014-02-03 Lower Price Target Susquehanna $107.00 to $104.00
2014-01-31 Lower Price Target Jefferies Group $126.00 to $121.00
2014-01-15 Downgrade Goldman Sachs Neutral to Sell $101.00
2013-10-24 Downgrade BB&T Capital Mkts Buy to Hold
2013-10-24 Lower Price Target Robert W. Baird Outperform $121.00 to $116.00
2013-10-24 Boost Price Target BGC Financial Buy $110.00 to $115.00
2013-10-24 Downgrade BB&T Corp. Buy to Hold $115.00
2013-10-04 Boost Price Target Robert W. Baird Outperform $114.00 to $121.00
2013-10-01 Upgrade Global Hunter Securities Neutral to Buy $107.00 to $130.00
2013-05-06 Reiterated Deutsche Bank Hold $96 to $102
2011-06-29 Upgrade KeyBanc Capital Mkts Hold to Buy $85
2011-05-06 Reiterated Deutsche Bank Hold $64 to $70
2011-02-16 Upgrade BB&T Capital Mkts Hold to Buy
2010-12-10 Upgrade Robert W. Baird Neutral to Outperform $72 to $74
2010-07-22 Downgrade Deutsche Bank Buy to Hold $65 to $65
2010-04-19 Downgrade Piper Jaffray Overweight to Neutral $66 to $60
2010-03-29 Downgrade William Blair Outperform to Mkt Perform
2010-03-11 Downgrade Jefferies & Co Buy to Hold $60
2010-02-08 Downgrade Robert W. Baird Outperform to Neutral $53 to $62
2010-02-08 Downgrade KeyBanc Capital Mkts Buy to Hold
2010-02-01 Upgrade Deutsche Bank Hold to Buy $50
2009-11-17 Reiterated Jefferies & Co Buy $54 to $56
2009-09-22 Initiated William Blair Outperform
2009-08-19 Reiterated Jefferies & Co Buy $49 to $52
2009-06-08 Initiated Piper Jaffray Buy
2009-04-13 Reiterated Jefferies & Co Buy $39 to $49
2009-03-24 Reiterated KeyBanc Capital Mkts Buy $49 to $45
2015-11-20 Reiterated Rating Deutsche Bank Hold $143.00
2015-11-20 Downgrade Jefferies Group Buy to Hold
2015-11-20 Reiterated Rating Deutsche Bank AG Hold $143.00
2015-11-19 Downgrade Seaport Global Securities Accumulate to Neutral $115.00 to $143.00
2015-11-19 Downgrade Buy Neutral $143.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
POWERS B SHAUN Division President - North 0.06%  (44741) ARG /
Young Robert H. Jr. Sr. VP & Gen. Counsel 0.02%  (18571) ARG /

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