Air Products has reported strong fiscal 2019 second quarter (Q2) results, with a Q2 net income of $421m and diluted earnings per share (EPS) of $1.90.
For the quarter, on a non-GAAP basis, adjusted net income from continuing operations of $425m and adjusted diluted EPS from continuing operations of $1.92 increased 13% and 12% over the prior year.
Q2 sales of $2.2bn increased 1% over the prior year. Volumes and pricing both increased 3%.
For the quarter, adjusted EBITDA of $825m increased 12% over the prior year, driven by the higher volumes and positive pricing, partially offset by unfavourable currency and higher costs.
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