Air Products Q1: GAAP EPS $2.73 (+6%), Adj EPS $2.82; dividend raised to $1.77

Air Products & Chemicals, Inc.

2024-Q1 EPS reported $2.73 revenue$2,997,400,000

GAAP EPS $2.73, net income $622M (+6% YoY); GAAP margin 20.7% (up 230 bps).
Adjusted EPS $2.82 (+7%); Adjusted EBITDA $1.2B (+8%), margin 39.2% (up 510 bps).
Quarterly dividend increased to $1.77/share, marking 42nd consecutive annual increase.
FY2024 adjusted EPS guidance raised to $12.20-$12.50 (up 6-9% YoY); Q2 guidance $2.60-$2.75.
FY2024 capex expected $5.0B-$5.5B, unchanged.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Air Products & Chemicals, Inc. reported fiscal 2024 second quarter results: EPS $2.60 to $2.75. Guidance raised.

Period: fiscal 2024 second quarter
EPS: $2.60 to $2.75
Guidance: raised
Result: guidance update

Exact text from the filing

fiscal 2024 second quarter adjusted EPS guidance* of $2.60 to $2.75

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Air Products & Chemicals, Inc. reported fiscal 2024 full year results: EPS $12.20 to $12.50. Guidance raised.

Period: fiscal 2024 full year
EPS: $12.20 to $12.50
Guidance: raised
Result: guidance update

Exact text from the filing

Updated fiscal 2024 full-year adjusted EPS guidance* of $12.20 to $12.50, up six to nine percent over prior year adjusted EPS*

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Air Products & Chemicals, Inc. reported first quarter of fiscal year 2024 results: net income $622 million, EPS GAAP EPS of $2.73, adjusted EPS of $2.82.

Period: first quarter of fiscal year 2024
Net income: $622 million
EPS: GAAP EPS of $2.73, adjusted EPS of $2.82
Result: reported results

Exact text from the filing

Air Products Reports Fiscal 2024 First Quarter GAAP EPS of $2.73 and Adjusted EPS of $2.82 Q1 FY24 (comparisons versus prior year): • GAAP EPS # of $2.73, up six percent; GAAP net income of $622 million, up six percent; and GAAP net income margin of 20.7 percent, up 230 basis points • Adjusted EPS* of $2.82, up seven percent; adjusted EBITDA* of $1.2 billion, up eight percent; and adjusted EBITDA margin* of 39.2 percent, up 510 basis points

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Source: SEC EDGAR

accession 0000002969-24-000008

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