Versum Materials Inc. (NYSE: VSM), Tempe, AZ, reported sales for fiscal 2016 of $970.1 million, a decrease of 4 percent compared to the same period a year ago. Profit increased 15 percent to $212 million.
Sales for the fourth quarter were $248.4 million, a 7 percent increase year-over-year. Profit increased 5 percent to $45.2 million.
These results reflect the performance of Versum Materials as a wholly owned subsidiary of Air Products and Chemicals Inc. (NYSE: APD), Lehigh Valley, PA, and are derived from the consolidated financial statements and accounting records of Air Products as if Versum operated on a stand-alone basis during the periods presented.
