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Article: Air Products and Chemicals posts 8 percent rise in first-quarter profit.(Company Profile)
- Article from:
- The Morning Call (Allentown, PA)
- Article date:
- January 26, 2006
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Byline: Kurt Blumenau
Jan. 26--Air Products and Chemicals started its fiscal year on a strong note, saying Wednesday its first-quarter profit rose 8 percent over last year.
The Trexlertown company said net income for the three months ended Dec. 31 reached $181 million, up from $166.8 million in the same period last year. Air Products' fiscal year ends Sept. 30, which makes the last three months of each year the first quarter.
First-quarter earnings per share of 80 cents beat analysts' estimates by 2 cents.
Air Products employs about 4,200 people in Lehigh and Northampton counties, making it the region's third-largest employer. It is ...