Airgas CEO on Earnings Beat
Cramer has long maintained that Airgas, the U.S.'s largest distributor of packaged gases, could make shareholders more money as an independent company. Air Products was unrelenting in its hostile takeover bid, but Airgas secured its independence in February.
Airgas reported a strong quarter on Thursday, reinforcing Cramer's belief that it can bring out more value as an independent company. The Radnor, Pa.-based delivered 88 cents of earnings per share on a stronger-than-expected 12.1 percent rise in revenues. Its fourth-quarter profit rose by 56 percent as sales improved. Airgas also authorized a $300 million buyback.
Despite its positive earnings, Airgas' stock fell on Thursday, as the industrials continued to struggle. Cramer likes to look for companies that report good news in the midst of a sector-wide pullback, though. He thinks Airgas' underlying business is intact and its stock could be a buy. To learn more about its future prospects, he interviewed CEO Peter McCausland. Check out the video to see the full conversation.
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