$ARG (Airgas, Inc.)

$ARG {{ '2015-07-28T15:43:03+0000' | timeago}} • Webcast

$ARG 1Q16 Q&A: Andrews of Morgan Stanley asked about price volume tradeoff. Robert answered that some of ARG’s biggest customers are down and they pay lower prices than smaller ones. Lot of that decline in hardgood sales was wire and other types of hardgoods used in production which have the lowest margins.

$GTLS {{ '2017-03-09T13:10:07+0000' | timeago}} • Announcement

Michael Molinini was appointed to $GTLS BoD on March 6, 2017. He has earlier served as CEO of $ARG.

$ARG {{ '2016-06-15T22:43:57+0000' | timeago}} • SEC

$ARG has recorded deferred tax assets related to the expected future tax benefits of net operating losses of $11.1MM and $12.1MM as of March 31, 2016 and 2015, respectively. State net operating loss carryforwards expire at various times through 2036. Foreign net operating losses are available to offset future income taxes over an indefinite period.

$ARG {{ '2016-06-15T22:38:41+0000' | timeago}} • SEC

$ARG has established insurance programs to cover workers' compensation, business automobile and general liability claims. During FY16, FY15 and FY14, these programs had deductible limits of $1MM per occurrence. For FY17, the deductible limits are expected to remain at $1MM per occurrence.

$ARG {{ '2016-06-15T22:36:11+0000' | timeago}} • SEC

$ARG's total intrinsic value of stock options exercised during the year ended March 31, 2016 was $52.5MM. As of March 31, 2016, $35.3MM of unrecognized non-cash compensation expense related to non-vested stock options is expected to be recognized over a weighted-average vesting period of 1.6 years.

$ARG {{ '2016-06-15T22:33:05+0000' | timeago}} • SEC

On April 15, 2016, $ARG announced it has elected to redeem all $250MM of its outstanding 2.95% notes maturing in June 2016. The notes will be redeemed in full on May 15, 2016, at a price of 100%.

$ARG {{ '2016-05-13T17:42:11+0000' | timeago}} • Announcement

Air Liquide said the U.S. Federal Trade Commission has cleared the acquisition of $ARG by Air Liquide, satisfying the final regulatory condition to the closing of the pending acquisition. The companies anticipate closing the acquisition on May 23.

$ARG {{ '2016-05-10T12:18:15+0000' | timeago}} • Announcement

$ARG, which signed an agreement to merge with Air Liquide and AL Acquisition Corp in November 2015, said that the merger remains subject to receipt of necessary antitrust approvals and other customary conditions. This transaction is expected to be completed in second calendar quarter of 2016.

$ARG {{ '2016-04-26T17:15:49+0000' | timeago}} • Announcement

$ARG announced the commencement of a consent solicitation relating to its outstanding $325MM 1.650% Notes due 2018, $275MM 2.375% Notes due 2020, $400MM 3.050% Notes due 2020, $250MM 2.900% Notes due 2022, and $300MM 3.650% Notes due 2024. As of April 26, 2016, there was $1.55Bil aggregate principal amount of Affected Notes outstanding.

$ARG {{ '2016-04-15T20:50:16+0000' | timeago}} • Announcement

Supplier of industrial, medical and specialty gases $ARG said that it has elected to redeem all $250MM of its outstanding 2.95% Notes maturing in June 2016. The notes will be redeemed in full on May 15, 2016 for a price of 100%.

$ARG {{ '2016-03-22T19:19:57+0000' | timeago}} • SEC

As of Dec. 31, 2015, $ARG had $69MM of borrowings under its Credit Facility, all of which were under the multi-currency revolver. The company had no borrowings under the US dollar revolver at Dec. 31, 2015. $ARG had outstanding US letters of credit of $51MM issued under the Credit Facility.

$ARG {{ '2016-03-22T19:12:54+0000' | timeago}} • SEC

$ARG's agreement with a financial institution to provide access to short-term advances not to exceed $35MM was extended in Dec. 2015 with an expiry of Dec. 27, 2016. The advances may be for 1-6 months with rates at a fixed spread over the corresponding LIBOR. At Dec. 31, 2015, there were no advances outstanding under the agreement.

$ARG {{ '2016-03-22T19:09:36+0000' | timeago}} • SEC

$ARG's net interest expense rose $1MM or 11% to $15MM in 3Q16 vs. 3Q15. The increase in net interest expense was helped by higher average debt balances, partially offset by lower average borrowing rates in 3Q16 vs. 3Q15. The effective income tax rate was 35.6% of pre-tax earnings during 3Q16 vs. 37.4% in 3Q15.

$ARG {{ '2016-03-22T19:06:45+0000' | timeago}} • SEC

For 3Q16, $ARG's consolidated operating income was $126MM, down $37MM, or 23% vs. 3Q15 where merger costs of $21MM contributed to most of the decline. The consolidated operating income margin fell 250 BP to 9.7% from 12.2% in 3Q15, of which 160 BP of decline is due to merger-related costs.

$APD {{ '2016-01-29T15:50:26+0000' | timeago}} • Webcast

$APD, which competes with $ARG and $PX, said that 1Q16 sales of $2.4Bil fell 8% vs. 1Q15 on unfavorable currency and lower energy pass-through impacts of 5% each. Volumes rose 1% as Gases Asia growth continued, while Materials Technologies and Gases Americas and Gases Europe volumes were lower.

$ARG {{ '2015-12-09T15:12:33+0000' | timeago}} • SEC

On Sept. 14, 2015, $ARG redeemed in full its $250MM 3.25% senior notes originally due to mature on Oct. 1, 2015 at 100% of the principal amount of the notes plus accrued interest. At Sept. 30, 2015, $557MM of borrowings were outstanding under the company's commercial paper program.

$ARG {{ '2015-12-09T15:02:21+0000' | timeago}} • SEC

Capital expenditures as a percentage of sales were 9.9% in 2Q16 compared to 8.3% in 2Q15. During 2Q16, $ARG paid $98MM to purchase 12 businesses and to settle holdback liabilities associated with prior year acquisitions. The businesses acquired during 2Q16 had historical annual sales of approx. $80MM.

$ARG {{ '2015-10-27T15:01:51+0000' | timeago}} • Webcast

$ARG's CapEx, excluding operating lease buyouts, was 8.3% of sales for YTD Sept. 2015. This reflects $ARG's continued investment in long-term revenue generating assets. The significant operating lease buyouts this year were related to lease properties related to the acquired Encompass Gas Groups.

$ARG {{ '2015-10-27T14:40:40+0000' | timeago}} • Webcast

$ARG's e-Business platform continues to enhance. Digital sales in 2Q16 were up 42% YoverY as sales on the new airgas.com continue to set new record with majority of growth coming from core field and strategic account customers. The new e-Business capabilities are driving customer adoption at a rate of over 100,000 new locations annually.

$ARG {{ '2015-10-27T14:28:27+0000' | timeago}} • Webcast

From the beginning of its fiscal year through October, $ARG has acquired 12 businesses with aggregate annual sales of about $80MM. During 2Q16, $ARG repurchased 2.8MM shares on the open market for $271MM, thus returning $315MM to shareholder through repurchases and dividends this quarter.

$ARG {{ '2015-10-27T14:06:36+0000' | timeago}} • Announcement

$ARG's 2Q16 sales increased 1% over 2Q15 to $1.4Bil. Organic sales were flat compared to the prior year, with gas and rent up 3% and hardgoods down 5%. Compared to 2Q15, All Other Operations segment organic sales were up 8% while Distribution segment organic sales were down 1%.

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