Air Products (NYSE: APD), Lehigh Valley, PA, reported sales for the fiscal first quarter of $2.4 billion, a decrease of 8 percent compared to the same period a year ago. Profit increased 12 percent to $363.6 million.
Industrial gases sales in the Americas were $836 million, a decrease of 17 percent versus the prior year. In Europe, the Middle East and Africa sales decreased 12 percent to $438 million, while sales in Asia increased 4 percent to $413 million.
Materials technologies sales totaled $490 million for the quarter, a decrease of 6 percent year-over-year.