Air Products has reported net income of $179 million or diluted earnings per share (EPS) of $.79 for its fourth fiscal quarter ended 30 September 2005.
Net income increased six percent and diluted EPS was up eight percent compared with the prior year.
Revenues of $2,071 million were up five percent over the prior year on higher raw material and energy cost contractual pass-throughs and improved chemicals pricing. Higher gases and equipment volumes were offset by lower chemical volumes.
The impact of hurricanes Dennis, Katrina and Rita reduced revenues in the quarter by approximately two per cent. The hurricanes reduced operating income in the quarter by $20 million ($13 million in gases and $7 million in chemicals), or six cents per share.
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