Air Products Q3 2021 Earnings Report
Key Takeaways
Air Products reported a strong Q3 fiscal year 2021 with GAAP EPS of $2.36, up 17 percent, and adjusted EPS of $2.31, up 15 percent. Sales increased by 26 percent, driven by higher volumes and pricing.
GAAP EPS of $2.36, up 17 percent; GAAP net income of $532 million, up 16 percent.
Adjusted EPS of $2.31, up 15 percent.
Sales of $2.6 billion increased 26 percent on 12 percent higher volumes.
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Air Products
Air Products
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Forward Guidance
Air Products expects full-year fiscal 2021 adjusted EPS guidance of $8.95 to $9.05, up approximately eight percent over prior year adjusted EPS. For the fiscal 2021 fourth quarter, Air Products' adjusted EPS guidance is $2.44 to $2.54, up 11 to 16 percent over fiscal 2020 fourth quarter adjusted EPS. Air Products expects capital expenditures of approximately $2.5 billion for full-year fiscal 2021.
Positive Outlook
- Full-year fiscal 2021 adjusted EPS guidance of $8.95 to $9.05, up approximately eight percent over prior year adjusted EPS.
- Fiscal 2021 fourth quarter adjusted EPS guidance of $2.44 to $2.54, up 11 to 16 percent over fiscal 2020 fourth quarter adjusted EPS.
- Expects capital expenditures of approximately $2.5 billion for full-year fiscal 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income