Air Products (NYSE: APD) reported Q3 EPS of $1.92, $0.02 better than the analyst estimate of $1.90. Revenue for the quarter came in at $2.43 billion versus the consensus estimate of $2.41 billion.

Commenting on the results, Seifi Ghasemi, chairman, president and chief executive officer, said, "I am very pleased to report that our team at Air Products delivered another set of excellent results this quarter. Despite sluggish economic growth worldwide and continued currency headwinds, our team stayed focused on executing our strategic Five-Point Plan, delivering EPS of $1.92, up 16 percent over last year, and improving EBITDA margin by more than 300 basis points. This is the eighth consecutive quarter that Air Products has reported double-digit EPS growth. Also, our ROCE increased 200 basis points and now stands at 13.5 percent.

"I want to thank the people of Air Products for coming together to prove that they have the determination and the capability to deliver outstanding results and move our company forward to be the best in the industry.

"As we move closer to the sale of our Performance Materials Division to Evonik and the tax-free spin-off of our Electronic Materials Division (Versum Materials) to shareholders, we see great opportunities ahead to win key projects and invest in our core industrial gases business so that we grow Air Products in the years to come."

GUIDANCE:

Air Products raises FY2016 EPS to $7.45-$7.55, versus the consensus of $7.48.

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