IHS Chemical Week

People & Business :: Companies

Earnings Rise for Industrial Gases

1:03 PM MDT | August 8, 2007 | Nancy Seewald

Industrial gases producers in the U.S. reported strong earnings for the most recent quarter, beating the consensus of analysts’ estimates as reported by First Call (Boston). Air Products reported net income for its fiscal third quarter of $285 million ($1.28/share), up 35% over the year-ago quarter and ahead of consensus estimates of $1.06/share. Sales climbed 16%, to $2.6 billion. “Sales were at their highest ever, as demand for our gases and materials across core manufacturing, energy, and electronics markets remained strong,” says John Jones...

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