Air Products reported a decrease in GAAP EPS and net income for the fiscal fourth quarter ended September 30, 2020, primarily driven by lower volumes. Despite the challenges, the company demonstrated resilience and commitment, maintaining plant operations and supplying essential products.
GAAP EPS of $2.19, down four percent, including an estimated $0.15-$0.20 negative impact from COVID-19.
GAAP net income of $495 million, down five percent.
Sales increased two percent, driven by higher pricing and favorable currency.
Raised dividend more than 15 percent to $1.34 per share per quarter, the largest per share dividend increase in the company's history
Despite significant uncertainty in the global economy and ongoing challenges from COVID-19, we continue to deliver value through our stable business model, financial position, exciting growth opportunities, and the unwavering commitment and discipline of our people.
Visualization of income flow from segment revenue to net income