Air Products Reports Q1 EPS $1.35 vs. $1.34

Air Products APD earlier today reported net income of $296 million, or diluted earnings per share (EPS) of $1.35, for its fiscal first quarter ended December 31, 2010 versus $252 million and $1.16 for the first quarter of fiscal 2010. This result excludes an after-tax charge of $27 million, or $0.12 per share, for costs associated with the tender offer for the outstanding shares of Airgas, Inc. First quarter revenues of $2,392 million increased 10 percent versus the prior year driven by higher sales across all segments.