Air Products (APD) Tops Q2 EPS by 2c, FY EPS Guidance Tops Concensus
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Air Products Reports Fiscal 2016 Second Quarter Adjusted EPS Up 17* Percent
April 28, 2016 6:01 AM EDTLEHIGH VALLEY, Pa., April 28, 2016 /PRNewswire/ --Â
Quarterly adjusted EPS from continuing operations of $1.82 up 17 percent driven by restructuring and self-help measures, up 20 percent at constant exchange rates Quarterly adjusted EBITDA margin of 35.1 percent up 560 basis points, and adjusted Return on Capital Employed (ROCE) of 13.0 percent up 200 basis points versus prior year Quarterly GAAP EPS from continuing operations of $1.74 versus prior year of $1.34 Announced decision to exit Energy-from-Waste (EfW) business; segment presented as a discontinued operation Fiscal 2016 third quarter adjusted EPS from continuing operations guidance of $1.87 to $1.92, up 13 to 16 percent... More