>Air Products: Beat Consensus, on Track to Boost EPS by 20%+ in Fiscal 2010

April 22, 2010

>A New York presenter commented on Air Products’ fiscal Q2 results (NYSE: APD, $76.77). APD had an excellent quarter virtually across the board. The company beat the consensus by $0.03 and raised its full year earnings guidance. In APD’s take or pay business very few customers are not taking what they’ve paid for, a great sign going forward. The backlog situation signals consistency of future earnings. Margins are moving up and getting closer to the company’s 17% target. Management didn’t offer more clarity on the progress of its offer for Airgas, but the presenter expects resolution by early September.

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