6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.
Sequentially, sales increased two percent.
Merchant Gases sales of $988 million increased 6 percent versus prior year, primarily driven by Asia, which saw its highest increase in sales and volumes in recent history. Operating income of $201 million increased 6 percent. Sequentially, sales rose 4 percent.
Tonnage Gases sales of $766 million were up 10 percent on improved volumes. Operating income of $116 million increased 15 percent. Sequentially, sales were up 2 percent with volumes up 5 percent and energy and raw material cost pass-throughs lowering sales by 4 percent.
Electronics and Performance Materials sales of $526 million increased 21 percent. Electronics sales were up 30 percent, and Performance Materials sales rose 11 percent versus last year. Operating income of $69 million increased 42 percent, and sequential sales were up 1 percent.
Equipment and Energy sales of $112 million were up 3 percent. Operating income of $20 million increased significantly from the prior year on higher LNG activity.