Exhibit 99.1
Quarter-to-Date
Sales Update
August 17, 2007
| July 2007 | ||||||
| % Change | ||||||
| vs. | ||||||
| Prior Year | Commentary | |||||
Consolidated Sales | 17 | % | Underlying growth of +10% on increases across all business segments. Currency +3%, acquisitions +2%, natural gas pass-thru +2%. | |||
Merchant Gases | 22 | % | Sales increased on higher demand and improved pricing across all regions. Currency +4% and acquisitions +6%. | |||
Tonnage Gases | 19 | % | Sales increased mainly due to new plants and higher loading. Higher natural gas pricing +7%, currency +2% and acquisitions +2%. | |||
Electronics and Performance Materials | 8 | % | Sales growth remains strong driven by underlying industry growth. As expected, strong Electronics Specialty Materials sales were offset by weaker Equipment sales. Performance Materials has benefited from growth in all major product lines. Currency +1% | |||
Healthcare | 7 | % | Sales increased due to underlying strength in our European homecare business and currency +4%. | |||
Note: We are providing this information at the request of financial analysts and investors who have indicated that it would assist them in understanding recent business trends at Air Products. This information is based on current estimates and data that we believe in our judgment to be reliable. Please keep in mind that sales are not the only factors that determine future financial performance. Many other factors including raw material, energy, distribution and overhead costs and other price changes also influence results.
