Air Products has reported fiscal 2019 results which highlight GAAP net income of $1,809m, up 18% from the prior year, primarily driven by higher pricing, volumes and tax reform impacts.
For the year, on a non-GAAP basis, adjusted diluted EPS from continuing operations totalled $8.21, up 10% compared to the previous year. Adjusted EBITDA of $3.5bn was up 11%, primarily due to higher pricing and volumes.
Full year sales of $8.9bn were flat versus last year on 2% volume growth and 3% higher pricing, offset 3% by unfavourable currency and 2% from a contract modification to a tolling agreement in India, which impacted sales but not profits.
Q4 results
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