Air Products (NYSE: APD) reported Q2 EPS of $1.43, $0.04 better than the analyst estimate of $1.39. Revenue for the quarter came in at $1.98 billion versus the consensus estimate of $1.85 billion.

• On a GAAP basis, EPS of $1.39, up nine percent versus the prior year; operating margin of 19.8 percent, down 110 basis points versus the prior year
• Adjusted EPS of $1.43*, up four percent versus prior year; adjusted operating margin of 20.5 percent and adjusted EBITDA margin of 32.9 percent, down 150 and 300 basis points, respectively, versus the prior year
• Maintaining fiscal 2017 adjusted EPS guidance of $6.00 to $6.25, which at the midpoint, represents a nine percent increase over the prior year; fiscal 2017 third quarter adjusted EPS guidance of $1.55 to $1.60, which at the midpoint, also represents a nine percent increase over the prior year
• Completed the sale of the Performance Materials Division for $3.8 billion, resulting in a $1.8 billion after-tax book gain in discontinued operations
• Awarded expanded supply to Marathon Petroleum in Garyville, Louisiana; started-up first phase of hydrogen/ASU project in India; brought onstream first phase of new facilities serving South Korea fab; brought two China plants onstream

GUIDANCE:

Air Products maintains FY2017 EPS of $6.00-$6.25.

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