Alternative Energy Forum | Nature2Energy.com  

Sponsors
Our Forums
Stock Market Cats
Motorized Bicycles



Go Back   Alternative Energy Forum | Nature2Energy.com > Alternative Energy Investments, News and Money Saving Tips > Alternative Energy Stocks, Mutual Funds & Other Traded Securities

Alternative Energy Stocks, Mutual Funds & Other Traded Securities Alternative Energy Trade able Securities--Stocks, Mutual Funds, Bonds, ETF's, Options & Futures.


APD Air Products and Chemicals, Inc NYSE

Alternative Energy Trade able Securities--Stocks, Mutual Funds, Bonds, ETF's, Options & Futures.


Reply
 
Thread Tools Display Modes
  #1  
Old 10-24-2010, 03:04 PM
greencat's Avatar
greencat greencat is offline
Administrator
 
Join Date: Jun 2009
Posts: 1,176
Default APD Air Products and Chemicals, Inc NYSE

Air Products reports 12 percent rise in 4Q profit
ALLENTOWN, Pa. (AP) -- Air Products and Chemicals Inc. said Thursday its fiscal fourth-quarter net income rose 12 percent on improved sales of its industrial and medical gases in all business sectors and it forecast 10 to 14 percent profit growth for 2011.

"We expect a continued, gradual global economic recovery in 2011. Our focus will be on loading our existing assets, winning new business and continuing to lower our costs," Chairman and CEO John McGlade said in a statement.

The Allentown, Pa., company, which has been negotiating a takeover of rival Airgas Inc., reported net income of $272.1 million, or $1.25 per share, for the quarter that ended Sept. 30, compared with $243.9 million, or $1.13 per share, in the year-ago period.

Excluding $22 million in costs associated with its offer for Airgas, the company said it earned $1.35 per share in the latest quarter.

Revenue rose 10 percent to $2.35 billion. Sales of merchant gases rose 2 percent from the fourth quarter of last year, while tonnage gas sales climbed 17 percent. Sales of electronics materials increased 20 percent and equipment and energy sales rose 5 percent.

Analysts polled by Thomson Reuters had expected earnings of $1.32 per share on revenue of $2.35 billion. Analysts typically exclude one-time charges from their estimates.

For the full fiscal year, Air Products reported net income of just over $1 billion, or $4.74 per share, up 63 percent from fiscal 2009's earnings of $631.3 million, or $2.96 per share.

Air Products announced initial guidance for the new fiscal year, forecasting earnings per share of $5.50 to $5.70. First-quarter 2011 earnings are expected to range between $1.31 to $1.35 per share. That compares with analysts' average forecasts of $1.31 and $5.59 per share, for the quarter and full year respectively.

Air Products has been negotiating a takeover of Radnor, Pa.-based Airgas for several months.

Air Products reports 12 percent rise in 4Q profit - Yahoo! Finance

APD Chart
__________________
"People are not remembered by how few times they fail, but how often they succeed."
- Thomas Edison


http://motorbicycling.com/
motorbicycles that get over 150 MPG. Stop by and learn how to beat the gas wars.....

Stocks, Forex, ETF's, Funds, Learn Trading Techniques and other trading styles at
http://www.stockmarketcats.com/
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT. The time now is 03:17 PM.


Powered by vBulletin® Version 3.8.3
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Alternative Energy Forum | Nature2Energy.com