Air Products Reports Fiscal 2020 Second Quarter GAAP EPS# of $2.21, Up 16 Percent, and Adjusted EPS* of $2.04, Up Six Percent

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Go back to Air Products Reports Fiscal 2020 Second Quarter GAAP EPS# of $2.21, Up 16 Percent, and Adjusted EPS* of $2.04, Up Six Percent

Air Products (APD) Misses Q2 EPS by 2c, Revenues Beat

April 23, 2020 6:02 AM EDT

Air Products (NYSE: APD) reported Q2 EPS of $2.04, $0.02 worse than the analyst estimate of $2.06. Revenue for the quarter came in at $2.216 billion versus the consensus estimate of $2.15 billion.

Q2 FY20 (comparisons versus prior year):

GAAP EPS of $2.21, including an estimated $0.06 to $0.08 negative impact from COVID-19, up 16 percent; GAAP net income, including discontinued operations, of $490 million, up 13 percent; and GAAP net income margin of 22.1 percent, up 230 basis pointsAdjusted EPS* of $2.04, including an estimated $0.06 to $0.08 negative impact from COVID-19, up six percent; adjusted EBITDA margin* of 40.3 percent, up 260 basis points

Q2 FY20... More