IHS Chemical Week

Markets :: Industrial Gases

Air Products Earnings Slide on Higher Energy Costs

9:00 AM MDT | April 24, 2012 | Vincent Valk

Air Products fiscal second-quarter net income fell 2% year-on-year, to $279 million, largely due to higher energy costs. Including discontinued operations, earnings fell 3%, to $296 million. Earnings totaled $1.31/share, slightly short of analysts’ consensus of $1.32/share, as reported by Thomson Reuters (New York). Air Products’ fiscal second-quarter ended on March 31.   As a result of the lower earnings and a more difficult business climate than the company anticipated, Air Products has lowered full-year 2012 earnings guidance to...

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