Air Products has reported strong fiscal 2019 first quarter (Q1) results, highlighting a net income of $348m and diluted earnings per share (EPS) of $1.57.
These results included a net $0.29 EPS charge from non-GAAP items.
For the quarter, on a non-GAAP basis, adjusted net income from continuing operation of $410m and diluted adjusted EPS from continuing operations of $1.86 both increased 4% over the prior year. Excluding the impact of a plant sale in the prior year, diluted adjusted EPS from continuing operations increase 9%.
First quarter sales of $2.2bn were flat with the prior year, as 1% higher pricing and 5% higher energy pass-through were offset by 3% lower volumes and 2% unfavourable currency.
... to continue reading you must be subscribed
