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Air Products Sees Margins, Sales Increasing Through 2015
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Air Products & Chemicals Inc., the second-biggest U.S. industrial-gas producer, said profit margins will expand 3 percentage points through 2015 and sales will rise about 12 percent annually, led by growth in energy and electronics markets.
Revenue will climb to more than $15 billion in fiscal 2015, from $9 billion in the year ended in September, for an annual growth rate of 11 percent to 13 percent, Chief Executive Officer John McGlade said today in a presentation to investors in New York. Operating profit will rise to 20 percent by then, from 17 percent in the last quarter, the Allentown, Pennsylvania-based company said in a statement.