Air Products reported a net income of $167 million for its first fiscal quarter ending December 31, 2004.
The company’s net income was up 27 percent and diluted EPS had increased 24 percent on the previous year.
The revenues from the quarter were up a record 18 percent from the previous year, representing $1,991 million dollar revenues. The increase was mainly due to strong volumes across the Gases and Chemical businesses. Strong volume increases across all businesses, a favourable currency and productivity gains were offset by higher raw material costs and productivity schemes.
Air Products and CEO John P Jones ///Photo courtesy of Air Products
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