Air Products has reported strong fiscal quarter three results (Q3) sales with net income from continuing operation of $488m and GAAP diluted EPS from continuing operations of $2.20 for its fiscal Q3 ended 30th June (2019).
The results include several disclosed items which total to a $0.03 EPS benefit.
For the quarter, a non-GAAP basis, quarterly adjusted net income from continuing operations of $481m and record adjusted diluted EPS from continuing operations of $2.17 increased 12% and 11%, respectively over the prior year.
Record adjusted EBITDA of $892m increased 9% over the prior year. Adjusted EBITDA increased 8% on strong performance in all regions, particularly driven by the Lunar New Year recovery in Asia.
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