Air Products Reports Very Strong Fiscal 2019 Third Quarter Results
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Air Products (APD) Tops Q3 EPS by 2c, Revenues Miss; Offers Q4 & FY19 EPS Guidance
July 25, 2019 6:03 AM EDTAir Products (NYSE: APD) reported Q3 EPS of $2.17, $0.02 better than the analyst estimate of $2.15. Revenue for the quarter came in at $2.22 billion versus the consensus estimate of $2.32 billion.
GAAP EPS of $2.20 and GAAP net income of $488 million, both up 13 percentRecord adjusted EPS of $2.17*, up 11 percent; adjusted EPS up 14 percent on a constant currency basisRecord adjusted EBITDA margin of 40.1 percent*, up 380 basis pointsCommenting on the results, Seifi Ghasemi, chairman, president and chief executive officer, said, "The committed team at Air Products continues to execute on our well-defined short-... More
