Exhibit 99.1
  News Release   Airgas, Inc.
259 N. Radnor-Chester Road
Suite 100
Radnor, PA 19087-5283
Investor Contact:
  Media Contact:
Jay Worley (610) 902-6206
  James Ely (610) 902-6010
For release:            Immediately
Airgas Reports Strong Second Quarter EPS of $0.60
after $0.03 National Welders Charge and $0.04 Acquisition Integration Expense
RADNOR, PA – October 24, 2007 —
Airgas, Inc. (NYSE: ARG), the largest U.S. distributor of industrial, medical, and specialty gases, and welding, safety, and related products, today reported strong growth in sales, operating income, and earnings for its second quarter ended September 30, 2007.
Quarterly net earnings increased 28% to $51 million, or $0.60 per diluted share, compared to $40 million, or $0.49 per diluted share, in the prior year. The current year quarter includes a one-time non-cash charge of $0.03 per diluted share related to the previously announced conversion of National Welders Supply Company from a joint venture to a wholly owned subsidiary, and $0.04 per diluted share of integration expense primarily associated with the acquisition of Linde’s U.S. packaged gas business. These charges reduced the year-over-year quarterly net earnings growth by $5 million, or 12%.
Second quarter sales grew 27% over the prior year to $1 billion. Acquisitions contributed 21% to the sales growth, with a full quarter of the Linde packaged gas acquisition accounting for approximately half of that increase. Total same-store sales increased 6%, with hardgoods up 7% and gas and rent up 5% from the prior year quarter.
“This was another excellent quarter for Airgas with solid internal growth, plus the Linde and other acquisitions contributing to our top line. Our integration of the Linde packaged gas business is progressing well and on schedule. Non-residential construction and energy markets have sustained their strong performance, as have our strategic products,” said Airgas Chairman and Chief Executive Officer Peter McCausland. “These revenue gains and our continued focus on operating efficiencies have helped us expand operating margins by 80 basis points over last year, to 11.5%, and Return on Capital* was up 40 basis points, to 13.2%, even with the acquisition integration expense. Our strong cash flow is also encouraging.”


The following information was filed by Airgas North Central Inc on Thursday, October 25, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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