Air Products Reports Fiscal 2018 Third Quarter GAAP EPS Up 315 Percent and Record Adjusted EPS Up 18 Percent over Prior Year

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Go back to Air Products Reports Fiscal 2018 Third Quarter GAAP EPS Up 315 Percent and Record Adjusted EPS Up 18 Percent over Prior Year

Air Products (APD) Tops Q3 EPS by 11c; Boosts FY18 EPS Outlook Above Consensus

July 26, 2018 6:08 AM EDT

Air Products (NYSE: APD) reported Q3 EPS of $1.95, $0.11 better than the analyst estimate of $1.84.

Q3 FY18 (all from continuing operations):

GAAP EPS of $1.95, up 315 percent from the prior year; GAAP net income of $431 millionRecord adjusted EPS of $1.95, up 18* percent versus prior yearRecord adjusted EBITDA margin of 36.3* percent, up 220 basis points versus prior year

Highlights

Closed on Lu\'An gasification project in China; acquired Shell\'s coal gasification technology/patentsBrought $350 million steam methane reformer onstream, supplying Covestro (Baytown, Texas), other customers linked to Air Products\' Gulf Coast... More