With the recent publication of second quarter fiscal results, Air Products has exhibited growth in both sales and earnings, according to John McGlade this ‘reflects the strength’ of the firm.
Air Products enjoyed a lucrative but steady fiscal second quarter. For the period ended 31st March 2011, the North American company has reported net income of $309m, or diluted earnings per share (EPS) of $1.41.
The result does exclude a net after-tax cost of $4 million, or $0.02 per share, associated with the expired tender offer for the outstanding shares of Airgas, Inc.
With second quarter revenues growing 11% on the prior year’s term, to $2,501, John McGlade, Chairman, President and CEO’s enthusiasm, was justified.
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