earnings
confidence high
sentiment positive
materiality 0.85
Air Products Q4 adj EPS $3.15 (+11% YoY); FY2024 guidance $12.80-$13.10
Air Products & Chemicals, Inc.
2023-FY EPS reported
$10.33
revenue$12,600,000,000
- Q4 GAAP EPS $3.08, net income $694M (+17% YoY); adjusted EPS $3.15, adjusted EBITDA $1.3B (+10%).
- FY2023 GAAP EPS $10.30 (+2%); adjusted EPS $11.51 (+12%), adjusted EBITDA $4.7B (+11%) with margin 37.3%.
- FY2024 adjusted EPS guidance $12.80-$13.10 (13% growth at midpoint); Q1 FY2024 guidance $2.90-$3.05.
- Quarterly dividend raised 8% to $1.75/share in January 2023, 41st consecutive annual increase.
- Capex guided $5.0-$5.5B for FY2024; major energy transition projects advancing including NEOM green H2 JV.