Fox Business - The Power to Prosper
Search Site

John McGlade

Air Products's 2nd-Quarter Net Drops 1.9%; Co Slashes Year View

Air Products & Chemicals Inc.'s (APD) fiscal-second quarter earnings edged down 1.9% as the industrial-gas maker reported a rise in certain costs, while its income tax provision surged.For the year, Air Products lowered its per-share earnings view to a range of $5.45 to $5.60 from its prior view of $5.70 to $5.90. For the current quarter, Air Products said it expects per-share earnings of $1.33 to $1.38. Analysts polled by Thomson Reuters recently expected per-share earnings of $1.50.Air Products, which provides atmospheric, process and specialty gases, has been grappling with higher energy costs, a key expense for many chemical companies.Last week, the company said it plans to raise prices on some of its products in North America by as much as 10% starting next month as the company faces higher costs to produce and deliver its industrial gases. The planned price increases of up to 10% affect sales of liquid argon, liquid oxygen, liquid nitrogen, liquid and bulk hydrogen, bulk carbon m...

Read More

  1. Air Products opens court fight in Airgas deal bid

    * Air Products takes aim at Airgas anti-takeover defenses (Recasts with testimony from Air Products CEO, adds details throughout)By Tom HalsGEORGETOWN, Del., (Reuter...

  2. Airgas shareholders support Air Products slate

    By Ernest ScheyderDREXEL HILL, Pennsylvania (Reuters) - Airgas Incsuffered a blow to its efforts to stave off a takeover by rivalindustrial gases producer Air Produc...

  3. Air Products Ups Bid for Airgas

    Air Products (NYSE:APD) over the weekend boosted its hostile takeover bid of rival Airgas (NYSE:ARG) to $5.5 billion.Airgas said it is reviewing the revised $65.50-a...

  4. Air Products says FTC signs off on Airgas bid

    (Updates stocks, adds context)By Ernest ScheyderNEW YORK, (Reuters) - Industrial gas producer Air Products and Chemicals Inc said Monday it signed a consent degree w...

  5. Air Products says FTC OKs Airgas bid

    NEW YORK, (Reuters) - Air Products and Chemicals Inc said it has signed a consent degree with the U.S. Federal Trade Commission that would let it acquire Airgas Inc,...

  1. Air Products's 1st-Quarter Net Up 12% on Broad Sales Growth; Raises Year-View

    Air Products & Chemicals Inc.'s (APD) fiscal-first quarter earnings rose 12% as the industrial-gas maker recorded revenue growth across all its segments.For the year...

  2. Air Products's 4th-Quarter Net Down 57% on Restructuring Charge; CFO Huck to Step Down

    Air Products & Chemicals Inc.'s (APD) fiscal-fourth quarter earnings slid 57% as the industrial-gas maker recorded a charge related to its business restructuring and...

  3. Air Products and Chemicals' 3Q Results: Postgame Scorecard

    With a rise in net income, Air Products and Chemicals (NYSE:APD) beat Wall Street forecasts in the third quarter.Earnings and Revenue The company announced EPS of $2...

  4. Air Products 2Q Net Falls 2.7% On Lower-Than-Expected Volumes

    ("Air Products 2Q Net Falls 2.7% On Lower-Than-Expected Volumes," at 6:48 a.m. EDT, misstated the timing and number of expected job cuts in the third paragraph. The ...

  5. Air Products Net Profit Falls Amid Weak Business

    Air Products & Chemicals Inc. on Tuesday reported net profit for the second quarter ended March 31 fell slightly as it said business activity was lower than expected...

  6. Air Products Shares Ease on Soft Guidance

    Shares of Air Products’ (NYSE:APD) edged lower on Friday after the company revealed a tepid outlook for the current period while posting quarterly results that hit e...

  7. Air Products, Airgas Continue Wrangling Over Poison Pill

    Airgas Inc. (ARG) Wednesday maintained it is worth markedly higher than the $70-a-share "best and final" offer from hostile rival Air Products & Chemicals Inc. (APD)...

Freebase CC-BY
Source: John McGlade on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL