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

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

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

April 23, 2020 6:00 AM EDT

LEHIGH VALLEY, Pa., April 23, 2020 /PRNewswire/ --

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 points Adjusted 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 Highlights

Safely maintained plant operations and business continuity, provided essential products to customers,... More