Air Products shares up as it announces third quarter earnings

  Company financial news

Air Products (NYSE: APD) has reported net income of $359 million and diluted earnings per share (EPS) of $1.65 for its fiscal third quarter ended June 30, 2015.

Unknownj.
Air Products shares up as it announces third quarter earnings

On a GAAP basis, net income and diluted EPS from continuing operations were $319 million and $1.47, respectively, for the quarter. 

Third quarter sales of $2,470 million decreased six percent versus prior year, as underlying sales growth of four percent was offset by unfavourable currency and lower energy pass-through. Volumes increased three percent, primarily in Industrial Gases–Asia, Materials Technologies and the LNG business, and pricing was up one percent. 

Operating income of $482 million increased 17 percent versus prior year, and operating margin of 19.5 percent improved 380 basis points, driven by cost performance, higher pricing and higher volumes. Adjusted EBITDA of $758 million increased nine percent over prior year, and EBITDA margin of 30.7 percent improved 430 basis points, reflecting strong operating leverage. 

Seifi Ghasemi, chairman, president and chief executive officer, said “the Air Products team has delivered another quarter of great results, with particular strength in our regional Industrial Gases segments, while Materials Technologies continued to improve. We again showed strong improvement in safety, and despite significant currency headwinds and stagnant economic conditions around the globe, our earnings per share were up by 13 percent, EBITDA margins increased to more than 30 percent, and this quarter’s operating margin is the highest in more than 25 years. This significant improvement is a direct result of our people executing our five-point st...

expand
26.319 Total news items since 1996
Next »
Page  1 2 3 4 5 6 7 8 9 10... Last of 627 
latest Order by:

All GlassOnline News

2017-12-22 |  Art & culture
Corning Museum of Glass has announced that it has received grants in support of the launch of GlassBarge in...

WestminsterAbbey2

2017-12-22 |  Art & culture
John Mauro, Penn State glass researcher, will be reporting on the investigation of the 13th-century glass of London's...

STOELZLEMASNIERESPARFUMERIESASPRDEC2017

2017-12-22 |  Company news
At of PCD Paris, 31 January to 1 February 2018, Stoelzle Masnieres Parfumerie will be showing its new technique that...

4c21924406ccda0097b81f291260ce1a1200x622

2017-12-22 |  Other news
Experts in antique drinkware have helped to confirm that wine glass capacity increased from 66ml in the 1700s to an...

Thirdquarter

2017-12-21 |  Company financial news
Libbey saw its shares reach USD 6.69 on 18 December resulting in a market cap of USD 147.29 million for the company.

GoldenGlassAwards

2017-12-21 |  Events
China Glass Network has launched the 5th Top 10 China Glass Brand Appraisal, selected in terms of enterprises, products...

ImgCFL170004AndreaFormicapreview

2017-12-21 |  People
Andrea Formica has been appointed as new CEO of Cefla, taking office as of January 2018. He was appointed by the Board...

Glassforeuropelogostandardimage

2017-12-21 |  Recycling
Thanks to the recently agreed provisional agreement regarding waste, flat glass manufacturers will be able to increase...

Unnamed

2017-12-21 |  Refractories
ACerS members - and non-members - can purchase a two-disk DVD course in which glass industry expert C. Philip Ross...

ScandiccontinentalPR

2017-12-20 |  Building applications
The third version of the Scandic Continental Hotel in Stockholm uses about 3.6 thousand sq.m. of high quality façade ...

Investments

2017-12-20 |  Company financial news
Steklarna Hrastnik is to carry out important investments in development, expansion, and growth, transforming its...

LogoGAWD2018E1502372016copy

2017-12-20 |  Events
WinDoor Middle East 2018 foresees high rate of returning exhibitors; occupying double the area of the previous edition.

Promat

2017-12-20 |  Glazing / Insulating Glass
The Trinity development, which gives a new lease of life to a beautiful unused Victorian church, features fire...

2017-12-19 |  Company news
Horn is the supplier of technology and machinery for Azerfloat’s new project in Azerbaijan – a complete float glass lin...

ICGpressinfo201712

2017-12-19 |  Events
ICG held its third Winter School workshop, attracting 35 research and masters students to Wuhan.

Gpd20112xlarge

2017-12-19 |  Events
The Glass Performance Days (GPD) event in 2019 will celebrate its 27th year of service to the glass industry.

3pharmaceuticalglasspackage03

2017-12-19 |  Markets & trends
The Global Pharmaceutical Glass Packaging Market report presents a complete scenario covering product/service...

Avancis

2017-12-19 |  Photovoltaic glass
Avancis parent company CNBM has celebrated the production launch at China’s most advanced CIGS PV plant.

Increaseinnetsales

2017-12-18 |  Company financial news
Isra has, once again, matched its full year guidance with revenues and EBT +11%, cash flow significantly stronger,...

Results

2017-12-18 |  Company financial news
In its fourth-quarter results, Quanex saw a fall in sales compared to the same period of last year, also divesting a...

Glaston10

2017-12-18 |  Company news
Glaston has sold a Glaston FC Series™ tempering furnace and a ProL™ laminating line to one of its long-time customers, G...

GUARDIANINDUSTRIESLOGO2016

2017-12-18 |  Other news
Guardian has received the Quality Mark from the Saudi Arabian Standards Organization.

AH1P5708CharlesLeLosqshatterproofglassCompositeresized

2017-12-18 |  Science & technology
Cracked phone screens could soon be a thing of the past — thanks to ongoing work at the Australian National University s...

Zippe

2017-12-15 |  Batch plants
Zippe has received a number of orders from Wiegand-Glas regarding batch transport and a batch house.

Xlineinfactoryweb1lowres

2017-12-15 |  Coatings
EnduroShield’s X-Line has been voted the most significant low maintenance coating machine of 2017in the US Glass M...

Unnamed3

2017-12-15 |  Energy saving
The improved VPFlowScope DP from VPInstruments enables to take measurements in the discharge pipe of a compressor under...

BrianLudwig2017300x385

2017-12-15 |  People
Brian Ludwig has been hired by Quanex as its northeast sales manager, providing solutions and support for customers of...

NGAGANA

2017-12-15 |  Representative organizations
NGA and GANA are sending out ballots to their members, taking the next step to finalizing the combination, resulting in...

Financial

2017-12-14 |  Company financial news
Libbey has entered into an amendment to extend the terms of its existing asset-based loan (ABL) credit facility.

ThermoflexWebsite1

2017-12-14 |  Company news
UK-based Thermoseal Group is working to expand its global network with new languages for its satellite websites...

LIPPfeifferVacuumcmyk

2017-12-14 |  Company news
Strategic cooperation agreement signed by Pfeiffer Vacuum and Lanzhou Institute of Physics (LIP); LIP-Pfeiffer Vacuum...

Corporatefacts1

2017-12-14 |  Other news
O-I, the world's largest glassmaker, has drawn together more than 100 glass designs from around the world in its Global...

EVERLAMSUPERTOUGHlr

2017-12-14 |  Safety glass
Everlam’s new stiff PVB solution for architectural laminated safety glass - Everlam™ Super Tough - provides extra saf...

Content20yearsHistorylogo22411

2017-12-13 |  Company news
Effective 1 January 2018, Dr. Karl Lamprecht for the Semiconductor Manufacturing Technology segment and Dr. Jochen...

Saratov

2017-12-13 |  Energy saving
Saratovstroysteklo will reportedly start the production of energy-saving glass in 2019, with investments in the project...

Unnamed

2017-12-13 |  Events
The GOMD annual meeting has extended its abstract deadline to 15 December 2017.

Merck

2017-12-13 |  Glazing / Insulating Glass
Merck has opened a new production facility for liquid crystal window modules in Veldhoven, near Eindhoven, in the...

PPLGlastonKaiKnuutilaweb

2017-12-13 |  People
Glaston has created a new position in the company – digitalization manager – and has hired Kai Knuutila to bring the pow...

Financialreports

2017-12-12 |  Company financial news
Apogee’s 3Q conference call will take place on 21 December prior to market opening.

SignatureJVdocJFHeris500pxl

2017-12-12 |  Company news
AGC and Kinestral Technologies have set up three joint venture companies that will sell, distribute, and service Halio...

PressGlassFactoryProduction

2017-12-12 |  Company news
The Press Glass Group has announced that it will build its 12th production facility with the surface area of 20,000...

DubaiInvestmentshostsover100officialsinGlassandGlazingFederationForum

2017-12-12 |  Events
The one-day conference, held in Dubai, focused on different aspects of the architectural glass sector, and included...

26.319 Total news items since 1996
Next »
Page  1 2 3 4 5 6 7 8 9 10... Last of 627 

Our Glass Magazines & Annual Guides Read online free of charge

Glass-Technology International
 
Glass Machinery Plants & Accessories
 
World Glass Directory
 
Flat Glass World Directory
 
Return to top

Powered by GlassOnline Logo

Copyright © A151 S.r.l. 1996-2020 - All rights reserved

A151 S.r.l. - publications@glassonline.com - Cookie policy
Registered office: Via Antonio Gramsci, 57 - 20032 Cormano (MI), Italy
Company registry - Milan, REA No.: MI-2111551 | Share capital: € 10,000 | P.IVA/VAT No.: IT 02769870342