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Air Products Reports Strong Fiscal 3Q 2016 Results

On a GAAP basis, reports quarterly EPS from continuing operations of $1.63 and operating margin of 22.0%.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Air Products reported GAAP net income from continuing operations of $356 million, up 11% versus the prior year, and diluted earnings per share (EPS) from continuing operations of $1.63, up 10% versus the prior year, for its fiscal third quarter ended June 30, 2016.   On a non-GAAP basis, adjusted net income from continuing operations of $420 million was up 17% versus prior year, and adjusted diluted earnings per share from continuing operations of $1.92 was up 16% versus prior year.   Third ...

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