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
05/07/201416:44:13Court Ruling Bolsters New Type of 'Poison Pill'
04/23/201407:13:10Air Products & Chemicals Earnings Decline on Higher Costs
02/14/201418:00:04Pershing Square Slashes Procter & Gamble Stake
02/14/201417:39:14Pershing Square Slashes Procter & Gamble Stake -- Filing
02/07/201418:55:19Charter to Nominate Full Slate for Time Warner Cable Board...
01/28/201408:48:11Correction to Air Products Earnings Story
01/28/201407:30:50Air Products Profit Rises 4.3% on Lower Operating Margin
11/15/201309:18:03OZ Management LP 3Q 13F: Largest Purchases -2-
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201309:18:02OZ Management LP 3Q 13F: Largest Purchases
11/15/201309:03:11Chilton Investment Co. 3Q 13F: Largest Purchases
11/15/201309:03:09Chilton Investment Co. 3Q 13F: Holdings As Of Sep 30
11/15/201309:03:09Chilton Investment Co. 3Q 13F: Holdings As Of Sep -2-
11/15/201308:27:47S.A.C. Capital Advisors LP 3Q 13F: Holdings As Of Sep 30
11/15/201308:27:47S.A.C. Capital Advisors LP 3Q 13F: Holdings As Of -2-
11/15/201308:26:08Bill & Melinda Gates Foundation Trust 3Q 13F: Largest Purchases
11/15/201308:26:08Bill & Melinda Gates Foundation Trust 3Q 13F: Holdings As Of...
11/15/201307:37:38Pershing Square Capital Management LP 3Q 13F: Largest Purchases
11/15/201307:37:33Pershing Square Capital Management LP 3Q 13F: Holdings As Of...

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