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Dec 31, 2019
Air Products Q1 2020 Earnings Report
Air Products reported strong Q1 2020 results with increased GAAP EPS and net income, driven by higher pricing and volumes across all regions.
Key Takeaways
Air Products reported a strong first quarter in fiscal year 2020, with GAAP EPS up 36 percent and net income up 37 percent compared to the prior year, driven by higher pricing and volumes in all three regions. The company announced an 18-cent dividend increase and a significant U.S. investment. They are maintaining their full-year adjusted EPS guidance.
GAAP EPS increased by 36 percent to $2.14.
GAAP net income rose by 37 percent to $489 million.
Adjusted EPS increased by 15 percent to $2.14.
Announced an 18-cent dividend increase, marking 38 years of consecutive increases.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Air Products is maintaining full-year fiscal 2020 adjusted EPS guidance of $9.35 to $9.60 per share, up 14 to 17 percent over prior year. For the fiscal 2020 second quarter, Air Products' adjusted EPS guidance is $2.10 to $2.20 per share, up nine to 15 percent over fiscal 2019 second quarter adjusted EPS. Air Products continues to expect capital expenditures of approximately $4 billion to $4.5 billion for full-year fiscal 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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