Air Products sales climb 9 percent
Air Products reported second-quarter sales of $2.2 billion increased nine percent from the prior year on four percent higher volumes and five percent favorable currency.
Volumes were higher in all three industrial gas regions, partially offset by lower activity from the Jazan project in Saudi Arabia.
Net income of $416 million, or $1.89 per share, was up 37 percent from $304 million, or $1.39 per share, in last year's second quarter.
Industrial Gases – Americas sales of $913 million increased three percent over prior year, driven by higher hydrogen and merchant gases volumes. Adjusted EBITDA of $362 million increased three percent over the prior year, primarily driven by the higher volumes.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
