ADVFN - Advanced Financial Network.
HOME» NYSE » A » APD Stock Price » APD Stock News

Air Products Share News

 Air Products & Chemicals, Inc. Stock Price
APD Stock Price
 Air Products & Chemicals, Inc. Stock Chart
APD Stock Chart
 Air Products & Chemicals, Inc. Stock News
APD Stock News
 Air Products & Chemicals, Inc. Company Information
APD Company Information
 Air Products & Chemicals, Inc. Stock Trades
APD Stock Trades

Air Products 3Q Profit Up 29%, Raises Full-Year Outlook Again

DOW JONES NEWSWIRES Air Products & Chemicals Inc.'s (APD) fiscal third-quarter profit jumped 29% on continued volume growth in Asia and higher sales in its electronics and performance materials and tonnage segments. The industrial-gas maker also raised its fiscal-year earnings outlook to $5.70 to $5.75 a share, up 5 cents from its April view. For the fourth quarter, it projected a per-share profit between $1.48 and $1.53, bracketing the $1.52 estimate from analysts polled by Thomson Reuters. Air Products has posted expectation-beating results on increased volume in recent quarters as its merchant gases business--its largest by revenue--continues to grow in Asia. The company, which withdrew its $5.9 billion hostile takeover offer for rival Airgas Inc. (ARG) earlier this year, has had to raise prices to keep up with rising raw material costs. For the quarter ended June 30, Air Products reported a profit of $326.5 million, or $1.50 a share, up from $253.2 million, or $1.17 a share, a year earlier. The latest results included a 4 cent per-share gain in discontinued operations on a tax benefit, while the year-ago period included a loss on the Airgas transaction and other items. The company in April predicted earnings of $1.42 and $1.47. Revenue rose 14% to $2.58 billion, ahead of analysts' projection of $2.52 billion. Operating margin widened to 16.3% from 14.9%. Sales in Air Products' merchant gases business rose 12%, driven by higher volume in Asia. The company's tonnage gases segment, which sells hydrogen, synthesis gas and carbon monoxide to refineries and other large manufacturers, reported a 20% revenue increase. Sales in the electronics and performance materials segment rose 21% while sales in the equipment and energy segment fell 31%. Shares closed at $95.41 on Thursday and were inactive premarket. Through Thursday's close, the stock has gained 33% over the past 12 months. -By Nathalie Tadena, Dow Jones Newswires; 212-416-3287;

Stock News for Air Products (APD)
11/24/201513:24:40Statement of Changes in Beneficial Ownership (4)
11/24/201510:30:00Air Products' CEO to Address Citi 2015 Basic Materials Conference...
11/23/201511:00:00Air Products Named a Thomson Reuters 2015 Top 100 Global Innovator
11/23/201508:03:07Statement of Changes in Beneficial Ownership (4)
11/19/201514:00:00Air Products Declares Quarterly Dividend
11/16/201515:00:00Air Products Again Earns Place on CDP S&P 500 Climate Disclosure...
11/05/201509:45:00Versum Materials is the selected name for the Materials Technologies...
11/03/201511:30:00Air Products' CEO to Address Morgan Stanley Global Chemicals...
11/02/201515:30:00Air Products Publishes GRI Sustainability Report
11/01/201516:37:27S&P Aristocrat Top 10 Average 14.52% Upside And 15.74% Net Gain...
10/29/201507:54:12Current Report Filing (8-k)
10/29/201507:33:00Air Products Reports Higher Profit On Lower Costs
10/29/201506:00:00Air Products Reports Fiscal 2015 Fourth Quarter EPS Up 10* Percent
10/28/201519:52:56Your One-Stop Dividend Aristocrat Resource
10/28/201509:00:00Air Products Building Helium Plant for RasGas; Wins Long-Term...
10/27/201510:15:00Air Products and Kiewit Team-Up to Pursue Smaller-Sized LNG Projects...
10/26/201517:40:00Air Products to Highlight Benefits of Oxy-fuel Combustion Technology...
10/26/201511:30:00Air Products To Build World-Class SMR in Baytown, Texas
10/22/201514:30:00Air Products Wins Hydrogen Supply Agreement for Pallas' Texas...
10/21/201514:42:00Air Products Looks to the Future in Toyota "Fueled by the Future...

Air Products & Chemicals and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations