Versum Materials Inc. (NYSE: VSM), Tempe, AZ, reported sales for the fiscal second quarter ended March 31, 2017, of $270.8 million, an increase of 16 percent compared to the same period a year ago. Profit decreased 16.5 percent to $44.9 million.
The company reported sales for the first six months of the year of $541.6 million, up 13.1 percent from the same period in 2016. Profit decreased 19.6 percent.
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.
