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Jun 30, 2020
Air Products Q3 2020 Earnings Report
Reported a decrease in GAAP EPS and adjusted EPS amidst COVID-19 challenges, while successfully executing growth strategy.
Key Takeaways
Air Products reported a decrease in GAAP EPS and adjusted EPS due to the negative impacts of COVID-19, but the company continued to execute its growth strategy with new megaprojects and maintained a resilient business model.
GAAP EPS of $2.01, down nine percent, including an estimated $0.35-$0.40 negative impact from COVID-19.
Adjusted EPS of $2.01, down seven percent, including an estimated $0.35-$0.40 negative impact from COVID-19.
Adjusted EBITDA margin of 42.7 percent, up 260 basis points.
Announced ground-breaking $7 billion NEOM project and ~$2 billion investment to build a world-scale coal-to-methanol production facility in Indonesia.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Significant uncertainty in the global economy remains, and the COVID-19 recovery is showing mixed results around the world. Despite these challenges, the company can and will continue creating value for shareholders over the long term, growing its dividend and investing in world-scale, sustainability-focused projects.
Positive Outlook
- Stable business model
- Strong financial position
- Significant growth opportunities
- Total commitment of our people
- Continue creating value for shareholders over the long term
Challenges Ahead
- Significant uncertainty in the global economy remains
- COVID-19 recovery is showing mixed results around the world
- Lower merchant demand impacts from COVID-19
- Unfavorable currency impacts
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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