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  "documentTitle": "Pershing Square Holdings Portfolio (multi-position) (PSH)",
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  "authorName": "William Ackman",
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      "text": "FY 2016 EPS of $7.55 up 14%, despite 3% foreign exchange headwind; Exceeded the high-end of initial guidance; Operating margins improved 400 bps to 23.1%; Capex brought on-stream; Announced high-quality project wins; Focus on core Industrial Gas business",
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      "text": "Completed spin-off of Versum Materials; Sold Performance Materials division to Evonik for $3.8bn; Announced exit from Waste-to-Energy project",
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      "text": "APD's Transformation Continues",
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