Air Products Sales Down 6.5% in 2Q

Year-to-date sales down 3 percent.

Air Products (NYSE: APD), Lehigh Valley, PA, reported sales for the fiscal second quarter ended March 31 of $2.4 billion, a 6.5 percent decrease from the previous year. Profit increased 2.3 percent to $290 million.

Second quarter industrial gases sales in the Americas were $890 million, a decrease of 14 percent year-over-year. In Europe, the Middle East and Africa sales decreased 17 percent to $449 million, while in Asia sales increased 7 percent to $393 million.

Materials technologies sales for the second quarter were $533 million, an increase of 7 percent compared to the prior year quarter.

Year-to-date sales were $5 billion, down 3 percent from the same period the previous year. Profit increased 7.7 percent to $614.6 million.

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