---
schema_version: "secwatch.filing_event.v1"
accession: "0000002969-24-000008"
form_type: "8-K"
ticker: "APD"
cik: "0000002969"
company_name: "Air Products & Chemicals, Inc."
filed_at: "2024-02-05T23:59:59+00:00"
generated_at: "2026-06-06T09:26:06.653269+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000002969-24-000008
- form_type: 8-K
- ticker: APD
- cik: 0000002969
- company_name: Air Products & Chemicals, Inc.
- filed_at: 2024-02-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2969/000000296924000008/0000002969-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2969/000000296924000008/apd-20240205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000002969-24-000008
- JSON: https://secwatch.observer/filing/0000002969-24-000008.json
- Plain text: https://secwatch.observer/filing/0000002969-24-000008.txt

## Key facts
- Earnings Releases
  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
  source text: fiscal 2024 second quarter adjusted EPS guidance* of $2.60 to $2.75
  evidence_url: https://www.sec.gov/Archives/edgar/data/2969/000000296924000008/0000002969-24-000008-index.htm
- Earnings Releases
  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
  source text: Updated fiscal 2024 full-year adjusted EPS guidance* of $12.20 to $12.50, up six to nine percent over prior year adjusted EPS*
  evidence_url: https://www.sec.gov/Archives/edgar/data/2969/000000296924000008/0000002969-24-000008-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/2969/000000296924000008/0000002969-24-000008-index.htm

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