Exhibit 99.1
News Release
  Airgas, Inc.
259 N. Radnor-Chester Road
Suite 100
Radnor, PA 19087-5283
Media Contact:
  Investor Contact:
Jay Worley (610) 902-6206
  Barry Strzelec (610) 902-6256
For release:
  Airgas Reports Record Second Quarter EPS of $0.86
RADNOR, PA — October 23, 2008 —
Airgas, Inc. (NYSE: ARG), the largest U.S. distributor of industrial, medical and specialty gases, and welding, safety and related products, today reported record earnings and strong growth in sales and operating income for its second quarter ended September 30, 2008.
Quarterly net earnings grew 44% to $72.8 million, or $0.86 per diluted share, compared to $50.6 million, or $0.60 per diluted share, in the prior year. The prior year quarter included $0.04 per diluted share of integration expense primarily associated with the June 30, 2007 acquisition of Linde’s U.S. packaged gas business, and a one-time non-cash charge of $0.03 per diluted share related to the conversion of National Welders Supply Company from a joint venture to a wholly owned subsidiary.
Second quarter sales increased 15% from the prior year to $1.2 billion. Acquisitions contributed 7% to the increase, and total same-store sales grew 8% in the quarter, with gas and rent up 12% and hardgoods up 4%.
“We are performing very well in a moderating economic environment,” said Airgas Chairman and Chief Executive Officer Peter McCausland. “Our expanded offering that targets infrastructure construction has been successful in gaining new business, particularly in the energy and power segments. About 40% of our sales come from our strategic products, which posted 11% organic growth in the quarter and are focused on the medical, life sciences, research, environmental, and food and beverage markets.
“Acquisition activity has been strong in the first half of our fiscal year, with a total of six acquisitions and $142 million of acquired annual revenue to date,” added McCausland. “We are expanding returns by effectively integrating acquisitions and leveraging our distribution infrastructure.” Return on capital* increased 40 basis points over the prior year to 13.6%.

The following information was filed by Airgas North Central Inc on Friday, October 24, 2008 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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