Air Products is reflecting on strong underlying performance across its gases business, as the company disclosed its fiscal 2017 third quarter results with a headline 11% increase in sales in the quarter.
While Air Products reported (GAAP) net income from continuing operations of $104m (down 58% over the prior year) and diluted earnings per share (EPS) from continuing operations of $.47 (down 59%) for its fiscal third quarter ended 30th June 2017, these results include non-cash impairment charges.
On a non-GAAP basis, adjusted net income from continuing operations of $363m was actually up 16% versus the prior year, and adjusted diluted earnings per share from continuing operations of $1.65 was up 15%, respectively.
... to continue reading you must be subscribed
