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Air Products Reports Strong First Quarter Fiscal 2015 Results

Strong performance driven by lower costs and improvement in volumes and price

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Air Products reported net income of $335 million, up 17% versus prior year, and diluted earnings per share (EPS) of $1.55, up 16% versus prior year, on a non-GAAP continuing operations basis for its fiscal first quarter ended Dec. 31, 2014.   On a GAAP basis, net income and diluted EPS from continuing operations were $325 million and $1.50, respectively, for the quarter.   First quarter sales of $2,561 million increased 1% versus prior year, as higher volumes and pricing were largely offset ...

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