Airgas expects double-digit margins

AP News
Posted: Dec 15, 2009 5:42 PM

Airgas, Inc. said Tuesday it expects to report double-digit operating margins during the next few years despite the challenging economy.

Airgas, which distributes industrial, medical and specialty gases, told analysts it expects the company's primary business to post strong results.

"While we are still in a very challenging economy, we expect to grow to more than $5.5 billion in revenues in the next three to four years and attain operating margins of 13 percent to 14 percent with return on capital of 14.5 percent to 15.5 percent," Airgas Chief Financial Officer Bob McLaughlin said.

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Airgas stock dropped 90 cents, or nearly 2 percent, to $47.25 a share in Tuesday trading.