Airgas to build new liquid carbon dioxide plant in Houston area Airgas announced plans to build a new 450 ton-per-day liquid carbon dioxide plant in the greater Houston area to replace its plant at the Shell Deer Park Refinery complex that is expected to close late this year. Airgas has entered into long-term agreements with affiliates of Denbury Resources to transport and deliver feedstock of raw carbon dioxide to the new Airgas facility.
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