Air Products and Chemicals Inc. Reports Operating Results (10-K)

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Nov 20, 2012
Air Products and Chemicals Inc. (APD, Financial) filed Annual Report for the period ended 2012-09-30.

Air Products & Chemicals Inc has a market cap of $16.94 billion; its shares were traded at around $81.45 with a P/E ratio of 14.6 and P/S ratio of 997. The dividend yield of Air Products & Chemicals Inc stocks is 3.2%. Air Products & Chemicals Inc had an annual average earning growth of 7.1% over the past 10 years.

Highlight of Business Operations:

Net income was $1,167.3, compared to $1,224.2, and diluted earnings per share was $5.44, compared to $5.63. On a non-GAAP basis, net income was $1,326.7, compared to $1,255.8, and diluted earnings per share was $6.18, compared to $5.77.

Net income was $1,224.2 compared to $1,029.1, and diluted earnings per share was $5.63 compared to $4.74. On a non-GAAP basis, net income was $1,255.8 compared to $1,089.2, and diluted earnings per share was $5.77 compared to $5.02.

The sales backlog for the Equipment business at 30 September 2012 was $450, compared to $334 at 30 September 2011. It is expected that approximately $325 of the backlog will be completed during 2013.

Other operating loss was $6.6, compared to $39.3 in the prior year, primarily due to a reduction in stranded costs, a decrease in the LIFO pool adjustment as a result of decreases in inventory values and favorable foreign exchange, partially offset by gains on asset sales in the prior year.

We have an obligation to purchase 2% of the remaining shares of Indura S.A. within twelve months of the acquisition date for CLP5.0 billion ($11) based on a multiple of earnings formula, which is reflected in other liabilities at 30 September 2012. This liability was reported in payables and accrued liabilities on the consolidated balance sheet as of 30 September 2012. Refer to Note 5, Business Combinations, and Note 22, Supplemental Information, to the consolidated financial statements for additional information.

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