Air Products Reports Fiscal 2018 Third Quarter GAAP EPS Up 315 Percent and Record Adjusted EPS Up 18 Percent over Prior Year
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Air Products (APD) Tops Q3 EPS by 11c; Boosts FY18 EPS Outlook Above Consensus
July 26, 2018 6:08 AM EDTAir Products (NYSE: APD) reported Q3 EPS of $1.95, $0.11 better than the analyst estimate of $1.84.
Q3 FY18 (all from continuing operations):
GAAP EPS of $1.95, up 315 percent from the prior year; GAAP net income of $431 millionRecord adjusted EPS of $1.95, up 18* percent versus prior yearRecord adjusted EBITDA margin of 36.3* percent, up 220 basis points versus prior yearHighlights
Closed on Lu\'An gasification project in China; acquired Shell\'s coal gasification technology/patentsBrought $350 million steam methane reformer onstream, supplying Covestro (Baytown, Texas), other customers linked to Air Products\' Gulf Coast... More