Air Products & Chemicals (APD)

Q1 2011 Earnings Call

January 21, 2011 10:00 am ET


Simon Moore - Director of Investor Relations

Nelson Squires - Vice President of North America Merchant Gases

Paul Huck - Chief Financial Officer and Senior Vice President


Brian Maguire

Mark Gulley - Soleil Securities Group, Inc.

David Begleiter - Deutsche Bank AG

Michael Harrison - First Analysis Securities Corporation

Donald Carson - Susquehanna Financial Group, LLLP

Jeffrey Zekauskas - JP Morgan Chase & Co

John McNulty - Crédit Suisse AG

Edward Yang - Oppenheimer & Co. Inc.

Jeffrey Germanotta - William Blair & Company L.L.C.

David Manthey - Robert W. Baird & Co. Incorporated

Kevin McCarthy

Laurence Alexander - Jefferies & Company, Inc.

P.J. Juvekar - Citigroup Inc



Good morning, and welcome to Air Products and Chemicals First Quarter Earnings Release Conference Call. [Operator Instructions] Also, this teleconference presentation and the comments on behalf of Air Products are subject to copyright by Air Products, and all rights are reserved. [Operator Instructions] Beginning today's call is Mr. Simon Moore, Director of Investor Relations. Mr. Moore, you may begin.

Nelson Squires

Thank you, John. Good morning, and welcome to Air Products' first quarter 2011 earnings teleconference. This is Simon Moore. Today, our CFO, Paul Huck, and I will review our fiscal Q1 results and outlook for the remainder of 2011. We issued our earnings release this morning. It is available on our website, along with the slides for this teleconference. Please go to and click on the scrolling red banner to access the materials. Instructions for accessing a replay of this call, beginning at 5 p.m. Eastern time, are also available on the website.

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