Air Products releases 2009 second quarter earnings


As predicted by Air Products, the company has experienced weaker volumes in its second quarter, resulting in a low point in its fiscal year.

Air Products has reported income from continuing operations of $189m, or diluted earnings per share (EPS) of $0.89, for its fiscal second quarter ended March 31, 2009.

Income from continuing operations decreased by 31% and diluted EPS from continuing operations decreased by 29% compared to the previous year.

Second quarter revenues of $1,955m declined 23% on weaker volumes, unfavorable currency, and lower natural gas and raw material cost pass-through.

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