---
schema_version: "secwatch.filing_event.v1"
accession: "0000002969-23-000011"
form_type: "8-K"
ticker: "APD"
cik: "0000002969"
company_name: "Air Products & Chemicals, Inc."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:48:44.844912+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Air Products Q1 adj. EPS $2.64 (+6%); dividend raised to $1.75; FY23 adj. EPS guide $11.20-$11.50

## Summary
- GAAP EPS $2.57 (+2% YoY); net income $584M (+6%); GAAP margin 18.4%, flat.
- Adjusted EPS $2.64 (+6%); adjusted EBITDA $1,084M (+8%); margin 34.1% (+60bps).
- Quarterly dividend raised $0.13 to $1.75/share; 41st consecutive annual increase.
- Closed second asset group for $12B Jazan gasification/power JV with Aramco and ACWA Power.
- JV with AES for ~$4B Texas green hydrogen facility; Canada commits ~$475M CAD to Alberta H2 complex.

## SEC filing metadata
- accession: 0000002969-23-000011
- form_type: 8-K
- ticker: APD
- cik: 0000002969
- company_name: Air Products & Chemicals, Inc.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2969/000000296923000011/0000002969-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2969/000000296923000011/apd-20230202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000002969-23-000011
- JSON: https://secwatch.observer/filing/0000002969-23-000011.json
- Plain text: https://secwatch.observer/filing/0000002969-23-000011.txt

## Key facts
- Earnings Releases
  Air Products & Chemicals, Inc. reported first quarter of fiscal year 2023 results: net income $584 million, EPS $2.57. Guidance reaffirmed.
  - Period: first quarter of fiscal year 2023
  - Net income: $584 million
  - EPS: $2.57
  - Guidance: reaffirmed
  - Result: reported results
  source text: Air Products Reports Fiscal 2023 First Quarter GAAP EPS of $2.57 and Adjusted EPS of $2.64
  evidence_url: https://www.sec.gov/Archives/edgar/data/2969/000000296923000011/0000002969-23-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.