Air Products (APD) Tops Q3 EPS by 2c

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Go back to Air Products (APD) Tops Q3 EPS by 2c

Air Products Reports Fiscal 2020 Third Quarter GAAP EPS# and Adjusted EPS* of $2.01

July 23, 2020 6:00 AM EDT

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

Q3 FY20 (comparisons versus prior year):

GAAP EPS of $2.01, down nine percent, including an estimated $0.35-$0.40 negative impact from COVID-19; GAAP net income of $457 million, down nine percent; and GAAP net income margin of 22.1 percent, down 40 basis points  Adjusted EPS* of $2.01, down seven percent, including an estimated $0.35-$0.40 negative impact from COVID-19; adjusted EBITDA margin* of 42.7 percent, up 260 basis points

Q3 FY20 Highlights

Continued execution of the Company's strategy amid COVID-19, providing financial security for employees, reliable supply of critical products and... More