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Air Products (NYSE: APD), Allentown, PA, reported sales for the fiscal third quarter ended June 30, 2012, of $2.3 billion, a 5 percent decrease over the same period a year ago. Profit increased 48 percent to $484.5 million.
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For the first nine months of the fiscal year, sales were $7 billion, a 2.3 percent decrease from the prior-year period. Profit increased 14.4 percent to $1 billion.
“Our recent Indura and DA NanoMaterials acquisitions and Homecare portfolio actions demonstrate our emphasis on execution and position us well for future growth and profitability," said John McGlade, president and CEO.