Air Products profit rises as operating margin improves


Air Products & Chemicals (APD) +0.8% premarket after reporting its FQ1 earnings rose 4.3% as improved operating margins offset a slight decline in revenue.

APD backs its full-year EPS outlook of $5.70-$5.90, and expects FQ2 earnings of $1.32-$1.37/share vs. $ 1.44 analyst consensus.

CEO John McGlade says APD's cost reduction efforts and signings helped boost profits, and says the company was bringing on new plants in China.

Sales in the merchant gases segment rose 3.8% to $1.05B, the tonnage gases segment reported a 10% drop in revenue, and sales in electronics and performance materials added 5.5%.

The operating margin widened to 15.1% from 14.5% as input costs fell 1.8%.

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  • Retail Investor
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    Ackman is losing his brand and reputation every day. His emotional investing in Herbalife is an example. He is reducing himself to salesman coming on TV and stating APD is trading at bargain basement price. Where the heck is his thesis ? we are now 7 months past those sales pitch
    28 Jan 2014, 07:51 PM Reply Like
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