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Air Products net income up 9%

8:23 AM MDT | July 23, 2014 | Robert Westervelt

Air Products reported net income of $314 million for the quarter ended 30 June, up 9% from the prior-year quarter. Revenues were up 3% year-over-year (YOY), to $2.6 billion. Reported earnings were $1.46/share, up 7% YOY and 1 ct above mean analysts as reported by Thomson Reuters (New York). Earnings were higher on stronger volumes in electronics and performance materials and better pricing in merchant gases. Operating margin of 15.7% improved 70 basis points, with positive volumes more than offsetting higher costs, primarily from maintenance outages, Air...

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