Air Products and Chemicals Inc at Deutsche Bank Global Industrials & Materials Summit Transcript

Jun 06, 2019

Jun 06, 2019 / 01:00PM GMT
David L. Begleiter - Deutsche Bank AG, Research Division - MD and Senior Research Analyst

So good morning. Welcome to day 2 of the Deutsche Bank Global Industrials & Materials Summit. My name is David Begleiter, Deutsche Bank's U.S. chemicals team. With us today is the Air Products team: CFO, Scott Crocco; and Simon Moore, Director of Investor Relations.

We're going to jump right into the Q&A portion of the fireside chat, let me squeeze into here. Scott, welcome. Simon, welcome as well.

Questions and Answers:

David L. Begleiter - Deutsche Bank AG, Research Division - MD and Senior Research Analyst

Scott, maybe first on pricing. Looks like we're now in a very good pricing cycle. Prices rose 3% in your fiscal second quarter. Merchant prices rose 10%, perhaps the best pricing in decade that I've seen. What's driving this improvement in pricing? What's driving this pricing cycle? And well, maybe that's the first couple of questions there.

Michael Scott Crocco - Air Products and Chemicals, Inc. - Executive VP &amp

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