Headlines

Air Products reported net income of $292 million for its fiscal first quarter ended December 31, 2011. Merchant Gases sales of $989 million were unchanged versus prior year as lower volumes were offset by higher pricing in U.S./Canada and Europe Liquid Bulk and Packaged Gases. Operating income of $192 million decreased four percent from the prior year, due principally to weaker volumes. Sequentially, sales decreased five percent, driven by lower volumes and currency effects. Operating income was flat and margin was up 100 basis points sequentially on improved operating performance and productivity.

Tonnage Gases sales of $810 million were up six percent on improved volumes from new plants. Operating income of $111 million decreased four percent from the prior year due to higher maintenance costs from outages. Sequentially, sales were down eight percent due to lower volumes and lower energy pass-through. Sequential operating income decreased 27% on higher maintenance costs, favorable gases contract modifications in the prior quarter and an unfavorable polyurethane intermediates contract modification in the current quarter.

View more here.

0 Comment(s) Post a Comment   Be the first to comment on this item.  Comment on this item: Name: Company: Email: Comment: Security Code: Reload Image Enter the text shown in the box above. Comments that include profanity, personal attacks or antisocial behavior such as "spamming," "trolling," or any other inappropriate material will not be posted to the site and/or will be removed from the site. You are fully responsible for the content you post. Neither the Association nor the publisher of this website, Data Key Communications, Inc, are responsible for the contents thereof or the opinions of the contributors. Contact and company information entered must be true and accurate. By submitting a comment, you agree to these terms and conditions.

More Headlines Showing Page 1 of 239 Next›   Last›› 5/16/2012 Eclipse Viewers Use Welding Glass ...more | comments May 20 solar eclipse is harmful to the naked eye. 5/16/2012 Praxair Adjusts Prices ...more | comments Changes affect bulk and packaged industrial, electronics, specialty and medical gases. 5/16/2012 Welding School Adds Pipefitting Program ...more | comments Tulsa Welding School responds to need for skilled workers. 5/15/2012 Bug-O, Lincoln Hold Open House ...more | comments Event features live welding demonstrations. 5/15/2012 Praxair EVP to Discuss Outlook ...more | comments Menezes to speak at Oppenheimer Industrials Conference. 5/15/2012 Businesses Benefit from Strategic Plans ...more | comments GAWDA magazine draws roadmap for creating a business plan. 5/14/2012 Helium Bill Goes Before Senate Committee ...more | comments Helium Stewardship Act of 2012 seeks to change how the government sells helium. 5/14/2012 Matheson Acquires U.S. Airweld ...more | comments Acquired distributor has locations in Arizona, New Mexico. 5/14/2012 Stage Set for Welding Rodeo ...more | comments 11th annual welding sculpture competition runs May 18-19, 2012. 5/11/2012 A-L Compressed Gases Expands ...more | comments Washington distributor adds location outside of Yakima.