Rochester, NY 8/5/2009 8:36:52 AM
After Hours - Air Products & Chemicals Inc. APD, Air Products Release Third Quarter Earning Report
Air Products & Chemicals Inc.
Air Products recently reported income status of the company from continuing operations of $115 million, diluted earnings per share (EPS) from continuing operations of $0.54, for its fiscal third quarter ended June 30, 2009. These results included charges of $110 million, or $0.51 per share, for the company's global cost reduction plan, a customer bankruptcy and other asset actions, and a pension settlement.
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John McGlade, chairman, president and chief executive officer, said, "While we are still seeing the impact of the global recession on our volumes, we've seen signs of improvement during this quarter in some of our end markets, particularly in Electronics and Asia. The productivity and continuous improvement efforts of our employees are having an impact, as margins improved substantially both sequentially and versus prior year."
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