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; nathalie.tadena@dowjones.com

Stock News for Air Products (APD)
DateTimeHeadline
03/26/201503:20:53Top Large Cap Stocks That Investors Can Buy Now
03/23/201510:50:35Dividend Increases, March 8-20, 2015
03/19/201514:25:00Air Products Increases Quarterly Dividend for 33rd Consecutive...
03/17/201520:41:39Dividend Growth Checkup - Part II
03/16/201510:06:00Air Products to Feature Industrial Gas Supply Options and Advanced...
03/15/201513:15:53Dividend Champions: 15 Increases Expected By The End Of May
03/12/201509:00:00Air Products to Host Investor Conference on March 31
03/09/201510:00:00Air Products 'Cold Zone' to Feature Food Freezing and Cooling...
03/03/201500:13:49Dividend Update - February 2015
03/02/201512:15:00Air Products Announces North American Price Increase for Liquid...
03/02/201508:27:11Air Products And Chemicals: As Transformation Continues, An Insider...
02/27/201517:44:32After Hours Gainers / Losers
02/26/201505:02:31Expected Dividend Increases In March
02/24/201515:03:39Statement of Changes in Beneficial Ownership (4)
02/24/201515:00:00Air Products Presents Paper, Displays Hydrogen Fueling Technology...
02/19/201511:50:00Air Products and Suzuki Shokan Sign Agreement to Develop Hydrogen...
02/19/201508:44:37Statement of Changes in Beneficial Ownership (4)
02/12/201513:05:18Current Report Filing (8-k)
02/12/201513:04:28Securities Registration (section 12(b)) (8-a12b)
02/12/201513:00:00Air Products CEO to Speak at Barclays Industrial Select Conference

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

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad