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
jay.worley@airgas.com   barry.strzelec@airgas.com
For release:                Immediately
Airgas Reports Fourth Quarter EPS of $0.68 and Fiscal 2009 EPS of $3.12
  Fourth quarter diluted EPS of $0.68, down 11%
  Record full year diluted EPS of $3.12, up 17%
  Fourth quarter sales down 9%, same-store sales down 13%
  Full year sales up 8%, same-store sales up 1%
  Record free cash flow: fourth quarter $157 million; full year $328 million
RADNOR, PA — May 5, 2009 —
Airgas, Inc. (NYSE: ARG), the largest U.S. distributor of industrial, medical, and specialty gases, and welding, safety, and related products, today reported solid performance in earnings and cash flow, relative to the weak sales environment, for its fourth quarter ended March 31, 2009.
Quarterly earnings declined 11% to $0.68 per diluted share, compared to $0.76 per diluted share in the prior year. Fourth quarter sales were $1.0 billion compared to $1.1 billion in the prior year, a decline of 9%. Total same-store sales declined 13% in the quarter, with hardgoods down 20% and gas and rent down 8%. Acquisitions contributed 4% sales growth in the quarter.
“Most of our customer segments were under significant pressure this quarter, with manufacturing suffering the deepest declines,” said Airgas Chairman and CEO Peter McCausland. “Given the difficult sales environment, we moved quickly to curtail costs and capital spending. As a result, our operating margin in the quarter held up relatively well, declining modestly to 11.5% from 12.1% last year.”
Free cash flow* in the fourth quarter was a strong $157 million compared to $63 million last year, with a large part of the improvement driven by reductions in working capital. Return on capital* was 12.7% compared to 13.2% in the prior year.

The following information was filed by Airgas West Inc on Wednesday, May 6, 2009 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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