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Dec 31, 2020
Air Products Q1 2021 Earnings Report
Air Products reported a decrease in GAAP EPS and adjusted EPS amidst COVID-19 challenges.
Key Takeaways
Air Products reported a slight decrease in GAAP EPS and adjusted EPS, impacted by COVID-19, but maintained strong adjusted EBITDA margins and increased its quarterly dividend.
Operated over 750 facilities safely, supplying customers and executing projects despite COVID-19.
Increased quarterly dividend by 12 percent, marking the 39th consecutive year of dividend increases.
Announced agreement for LNG technology supply to Energia Costa Azul LNG export terminal project in Mexico.
Named to the Dow Jones Sustainability North America Index for the 11th consecutive year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Air Products is confident in its profitable growth strategy, providing innovative solutions for energy and environmental challenges, and sees great opportunities in gasification, carbon capture, and hydrogen for mobility.
Positive Outlook
- Executing growth strategy focused on industrial gas projects.
- Addressing significant energy and environmental challenges.
- Meeting customers' and countries' drive for cleaner and more sustainable solutions.
- Developing and investing in strategic opportunities.
- Strong portfolio to drive growth for decades to come.
Challenges Ahead
- Continued, broad economic uncertainty in most of the world.
- Lower demand from COVID-19.
- Reduced contribution from the Lu'An gasification project in Asia.
- Lower volumes in Industrial Gases - Americas due to COVID-19.
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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