Air Products (APD) Tops Q1 EPS by 7c; Guides Q2 EPS Above Views
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Go back to Air Products (APD) Tops Q1 EPS by 7c; Guides Q2 EPS Above Views
January 29, 2016 6:01 AM EST
LEHIGH VALLEY, Pa., Jan. 29, 2016 /PRNewswire/ --
Quarterly EPS of $1.78 up 15 percent versus prior year despite currency headwinds
Quarterly adjusted EBITDA margin of 33.4 percent up 520 basis points, and ROCE of 11.7 percent up 160 basis points versus prior year
GAAP quarterly EPS of $1.67 versus prior year of $1.50
Fiscal 2016 second quarter EPS guidance of $1.78 to $1.83, up 15 to 18 percent versus prior year
Maintaining fiscal full-year 2016 EPS guidance of $7.25 to $7.50, up 10 to 14 percent
On track for the spin-off of Versum Materials prior to September 2016
*The results and guidance in this... More
January 28, 2016 2:53 PM EST
LEHIGH VALLEY, Pa., Jan. 28, 2016 /PRNewswire/ -- Air Products (NYSE: APD), a world-leading industrial gases company, today announced its four air separation unit (ASU) trains built for Shaanxi Future Energy Chemical Co., Ltd. in Yulin City, Shaanxi Province, China, have been brought fully onstream. The project, capable of producing 12,000 tons per day of oxygen and significant tonnage volumes of nitrogen and compressed dry air for the customer's coal chemical plant, represents one of the largest single on-site ASU orders ever committed to an industrial gas company.
"This is a great... More
