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

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

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

July 26, 2018 6:01 AM EDT

LEHIGH VALLEY, Pa., July 26, 2018 /PRNewswire/ --

Q3 FY18 (all from continuing operations):

GAAP EPS of $1.95, up 315 percent from the prior year; GAAP net income of $431 million Record adjusted EPS of $1.95, up 18* percent versus prior year Record 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/patents Brought $350 million steam methane reformer onstream, supplying Covestro (Baytown, Texas), other customers linked to Air Products' Gulf Coast hydrogen and CO... More