Industry News, Suppliers News

Air Products Reports Strong Fiscal 2016 Fourth Quarter, Full-Year Results

Adjusted operating margin of 23.7% and adjusted EBITDA margin of 34.7%, both up at least 250 basis points over prior year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Air Products reported GAAP net income from continuing operations of $402 million, up 16% versus the prior year, and diluted earnings per share (EPS) from continuing operations of $1.84, up 16% versus the prior year, for its fiscal fourth quarter ended September 30, 2016.   For the quarter, on a non-GAAP basis, adjusted net income from continuing operations of $441 million was up 11% versus prior year, and adjusted diluted earnings per share from continuing operations of $2.01 was up 10% versus...

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