IHS Chemical Week

Markets :: Industrial Gases

Air Products reports drop in earnings, sales for fiscal fourth quarter

7:58 AM MDT | October 29, 2013 | Lindsay Frost

Air Products today reported solid fiscal fourth quarter results, ended 30 September—with strength showing in hydrogen, electronics, liquefied natural gas (LNG) and China. Net income of $137.1 million dipped 1% year-over-year (YOY). Earnings per share of  $1.47/share were in line with analyst estimates, according to Thomson Reuters (New York). These results exclude after-tax expenses of $164 million, primarily for cost reduction, and asset and product rationalization actions, mainly in the company's electronics and merchant gases businesses, and for...

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