Air Products has reported fiscal 2018 full-year results which display GAAP net income from continuing operations of $1.5bn and GAAP diluted EPS from continuing operations of $6.59, both up 28%.
For the year ended 30th September 2018, on a non-GAAP basis, record adjusted diluted EPS from continuing operations of $7.45 was up 18%, the fourth consecutive year of double-digit annual growth.
Full-year sales of $8.9bn increased 9% on 6% higher volumes, 1% higher pricing and 2% favourable currency. Volumes were higher across all three regions, partially offset by lower activity from the Jazan project; excluding Jazan, volumes for the year were up 10%. The higher pricing was driven by the China and Europe merchant businesses.
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