Summary
Air Products & Chemicals, Inc. (APD) filed an 8-K on January 6, 2017, to disclose supplemental non-GAAP financial information. This information reflects the reclassification of its Materials Technologies segment as discontinued operations, following the sale of its Performance Materials business and the spin-off of its Electronic Materials business. This strategic shift aims to streamline the company's focus and present a clearer picture of its ongoing core businesses. Investors should note that this filing is for informational purposes and is not intended to reflect or be indicative of the company's financial position or results had these dispositions occurred earlier. The supplemental data, available on the company's website, is presented to provide a better understanding of the impact of these divestitures on the company's financial reporting going forward. The information is furnished and not filed, meaning it doesn't carry the same regulatory weight as a standard filing.
Key Highlights
- 1APD is providing supplemental non-GAAP financial information related to its Materials Technologies segment.
- 2The Materials Technologies segment is now classified as discontinued operations.
- 3This reclassification follows the sale of the Performance Materials business and the spin-off of the Electronic Materials business.
- 4The supplemental information is intended to aid in understanding the impact of these divestitures.
- 5The information is presented for illustrative and informational purposes, not as a representation of past or future financial performance.
- 6The supplemental financial information is available on the company's website (www.airproducts.com).
- 7This disclosure is furnished, not filed, and will not be incorporated into registration statements unless explicitly stated.