The 2020 Mid-Year Economic Update_long

Air Products Sales Down 6% in 3Q

Year-to-date sales down 4 percent year-over-year.

Air Products (NYSE: APD), Lehigh Valley, PA, reported sales for the fiscal third quarter ended June 30 of $2.5 billion, a 6 percent decrease year-over-year. Profit increased 1.5 percent to $318.8 million.

Third quarter industrial gases sales in the Americas were $898 million, a decrease of 16 percent year-over-year. In Europe, the Middle East and Africa sales decreased 15 percent to $455 million, while in Asia sales increased 14 percent to $418 million.

Materials technologies sales for the quarter were $540 million, an increase of 3 percent compared to the prior year quarter.

For the first nine months of the fiscal year, sales were $7.4 billion, down 4 percent over the prior-year period. Profit increased 5.5 percent to $933.4 million.

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