The 2020 Mid-Year Economic Update_long

Air Products Sales Down 5% in Fiscal 2015

Fourth-quarter sales down 9 percent year-over-year.

Air Products (NYSE: APD), Lehigh Valley, PA, reported sales for fiscal 2015 of $9.9 billion, a decrease of 5 percent compared to the same period a year ago. Profit increased 28.9 percent to $1.3 billion.

Sales for the fourth quarter were $2.5 billion, a 9 percent decrease year-over-year. Profit was $344.5 million, compared to $104 million in the prior year quarter.

For the quarter, industrial gases sales in the Americas were $902 million, a decrease of 13 percent year-over-year. In Europe, Middle East and Africa sales decreased 12 percent to $460 million, while in Asia sales increased 7 percent to $428 million.

Materials technologies sales for the quarter were $490 million, a decrease of 13 percent compared to the prior year quarter.

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