Despite unfavourable currency and the extreme exit of its Energy-from-Waste (EfW) business, Tier One player, Air Products, has achieved its seventh consecutive quarter of delivering double-digit revenue growth in its latest fiscal quarter, ending 31st March, 2016.
Strong operations across its Asian business unit seemingly saved the day for the industrial gas corporation, as it reported shaky and mixed results across all its other regional procedures. And despite the recent price hike for industrial gases products, pricing overall was flat in the US, and the Europe, Middle East and Africa (EMEA) territory.
Air Products’ drastic termination of its EfW business on 4th April has been accounted for as a discontinued operation in these quarterly results, and as a result, the company has recorded a loss of $946m pre-tax.
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