Solid underlying growth of 6% driven by Merchant and Electronics & Performance Materials segments, partially offset by lower Equipment & Energy segment sales (2%). Currency +5%, and natural gas pass-thru +12%.
Merchant Gases
16
%
Strong pricing across all regions and better volumes in North America and Asia. Currency +9%.
Tonnage Gases
44
%
Volume growth driven by new plant start-ups. Higher natural gas pass-thru +38%. Currency +3%.
Electronics and Performance Materials
10
%
Strong sales growth driven by volume growth in Electronics net of restructuring activities, and volume and price increases in Performance Materials. Currency +3%.
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. Effective July 2008, Merchant Gases includes European Healthcare; prior periods have been restated.
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