Air Products (APD) Tops Q3 EPS by 2c; Lifts Outlook

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Go back to Air Products (APD) Tops Q3 EPS by 2c; Lifts Outlook

Air Products Reports Strong Fiscal 2016 Third Quarter Results*

July 28, 2016 6:01 AM EDT

LEHIGH VALLEY, Pa., July 28, 2016 /PRNewswire/ --

On a GAAP basis, quarterly EPS from continuing operations of $1.63 and operating margin of 22.0 percent Quarterly adjusted EPS from continuing operations of $1.92, up 16 percent versus prior year Quarterly adjusted operating margin of 23.0 percent and adjusted EBITDA margin of 34.2 percent, both up 340 basis points; adjusted Return on Capital Employed (ROCE) of 13.5 percent up 200 basis points versus prior year Announced new plant to provide ultra-high purity gases to customers in Pukou Economic Development Zone in Nanjing, China Filed Form 10 with U.S. Securities and Exchange Commission... More