Air Products Q4 2020 Earnings Report
Key Takeaways
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
Air Products
Air Products
Air Products Revenue by Segment
Air Products Revenue by Geographic Location
Forward Guidance
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.
Positive Outlook
- Stable business model
- Strong financial position
- Exciting growth opportunities
- Commitment to sustainability
- Focus on diversity
Challenges Ahead
- Uncertainty in the global economy
- Ongoing challenges from COVID-19
- Lower merchant demand impacts from COVID-19
- Impact of a customer outage
- End of a short-term contract
Revenue & Expenses
Visualization of income flow from segment revenue to net income