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Jun 30, 2021
Air Products Q3 2021 Earnings Report
Air Products reported strong financial results driven by the stability of its business and the dedication of its people.
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.
Advanced the hydrogen energy transition through strategic collaborations and project announcements.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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