Air Products Q3 GAAP EPS $2.67 (+2%), adjusted $2.98 (+16%); raises FY2023 guidance

Air Products & Chemicals, Inc.

2023-Q3 EPS reported $7.22 revenue$9,408,700,000

GAAP net income $611M (+4% YoY); adjusted EBITDA $1.2B (+12%), margin 39.8% (+590 bps).
Full-year adjusted EPS guidance raised to $11.40-$11.50 (up 11-12% YoY); Q4 guidance $3.04-$3.14.
Completed financial close on world's largest green hydrogen facility (JV with ACWA Power/NEOM).
Signed $1B Uzbekistan gas-to-syngas deal; wins LNG project with Qatargas and Bechtel.
CEO Seifi Ghasemi employment extended to September 2028 under amended agreement.

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