Air Products’ Sales Up 13% in Fiscal 2Q - Modern Distribution Management

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Air Products’ Sales Up 13% in Fiscal 2Q

Air Supply’s second quarter results negatively impacted by COVID-19 and severe winter storm on Gulf Coast.
Air Products

Industrial gases distributor Air Products (NYSE:APD), Lehigh Valley, Pennsylvania, reported second quarter revenues of $ $2.5 billion on Monday, which was a 13% increase over the same quarter a year ago. Net income was $477 million, which was down 3% from the prior year.

“Despite ongoing challenges from COVID-19 globally and the severe winter storm in the U.S. Gulf Coast during the quarter, our talented, committed and dedicated team continued to work tirelessly, supporting our customers and successfully executing our mega projects,” said Air Products’ Chairman, President and Chief Executive Officer Seifi Ghasemi. “Adjusted EPS improved over the prior year, we continued to improve pricing, and we again generated strong cash flow.”

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