Airgas acquires Metroplex Service Welding and Excel Welding & Industrial Airgas announced that it has acquired the assets and operations of two industrial gas and welding supply distributors with combined annual revenues of more than $30M. Financial terms of the transactions were not disclosed. Effective December 31 Airgas USA acquired the assets and operations of Metroplex Service Welding Supply and effective December 31 Airgas USA Excel Welding & Industrial Supplies.
Airgas sees FY15 EPS $5.00-$5.10, consensus $5.09 Third quarter guidance assumes a year-over-year organic sales growth rate in the mid single digits. Full year guidance includes a negative 9c-11c per diluted share year-over-year impact from variable compensation reset following a below-budget year in fiscal 2014. The company’s previous fiscal 2015 guidance range for earnings per diluted share was $5.00 to $5.20, an increase of 6% to 10% over fiscal 2014 adjusted earnings per diluted share