Air Products & Chemicals Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2014; Provides Earnings Guidance for the Second Quarter and Remainder of 2015
The company expects second quarter EPS from continuing operations to be between USD 1.50 and USD 1.55 per share, and guidance for continuing operations for fiscal 2015 of USD 6.35 to USD 6.55 per share.
The capital expenditure forecast for the fiscal year 2015 remains between USD 1.7 billion and USD 1.9 billion. For the remainder of fiscal 2015, the company expects to continue delivering higher EBITDA due to cost-reduction efforts. The company certainly working towards being free cash flow-positive for fiscal year 2015. The company's tax rate of 24% remained unchanged versus prior year.