Air Products (APD) Misses Q2 EPS by 5c, Revenues Beat; Offers FY21 3Q EPS Guidance Above Consensus, Affirms FY21 EPS Outlook

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Go back to Air Products (APD) Misses Q2 EPS by 5c, Revenues Beat; Offers FY21 3Q EPS Guidance Above Consensus, Affirms FY21 EPS Outlook

Air Products Reports Fiscal 2021 Second Quarter GAAP EPS# of $2.13 and Adjusted EPS* of $2.08

May 10, 2021 6:00 AM EDT

LEHIGH VALLEY, Pa., May 10, 2021 /PRNewswire/ --  

Q2 FY21 (comparisons versus prior year):

GAAP EPS of $2.13, down four percent; GAAP net income of $477 million, down three percent; and GAAP net income margin of 19.1 percent, down 300 basis points. These results include an estimated $0.10-$0.15 per share negative impact from COVID-19. Adjusted EPS* of $2.08, up two percent; adjusted EBITDA margin* of 37.3 percent, down 300 basis points. These results include an estimated $0.10-$0.15 per share negative impact from COVID-19.

Q2 FY21 Highlights

Delivered base business excellence:... More