Air Products (APD) Tops Q4 EPS by 1c, Revenue Miss; Provides FY19 EPS Outlook

Air Products (NYSE: APD) reported Q4 EPS of $2.00, $0.01 better than the analyst estimate of $1.99. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.31 billion.

Outlook

Ghasemi said, "With our safety, productivity and operating performance as the foundation, I remain very confident in our ability to deliver on our commitments. We continue to deploy capital into value-creating projects in our industrial gas business; in fact, we have already committed over $7 billion. While we cannot predict or control political or economic developments, we do have control over the operational performance and growth of Air Products. Our fiscal 2019 guidance demonstrates our commitment to delivering at least 10 percent annual EPS growth over the long term. Our strategic Five-Point Plan is the roadmap for driving safety, inclusion, profitability and sustainability as we grow."

GUIDANCE:

Air Products sees FY2019 EPS of $8.05-$8.30, versus the consensus of $8.20.

For earnings history and earnings-related data on Air Products (APD) click here.

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