Airgas Earnings Come in Below Analysts’ Projections
Airgas reported second-quarter results that were below analyst’s projections, and the firm subsequently lowered its 2014 earnings guidance. Although reported revenue increased 4% (2% organic and 2% from acquisitions) compared with the year-ago period, the core business environment was more subdued. The 2% organic sales consisted of pricing up 3% and volume down 1%. Gross margins…
