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Sep 30, 2021
Air Products Q4 2021 Earnings Report
Air Products reported Q4 2021 earnings with GAAP EPS and adjusted EPS of $2.51.
Key Takeaways
Air Products reported a strong fourth quarter with a 25% increase in GAAP net income and a 15% increase in GAAP EPS. The company highlighted significant project announcements in gasification, carbon capture, and hydrogen growth platforms.
GAAP EPS of $2.51, up 15 percent.
GAAP net income of $619 million, up 25 percent.
Adjusted EPS of $2.51, up 15 percent.
Sales increased 22 percent on nine percent higher volumes, eight percent higher energy cost pass-through, three percent higher pricing and two percent favorable currency.
Air Products
Air Products
Air Products Revenue by Segment
Air Products Revenue by Geographic Location
Revenue by Segment
Americas Revenue
CapyFin.comAsia Revenue
CapyFin.comEurope Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comAsia Revenue
CapyFin.comEurope Revenue
CapyFin.com Forward Guidance
Air Products expects full-year fiscal 2022 adjusted EPS guidance of $10.20 to $10.40, up 13 to 15 percent over prior year adjusted EPS. For the fiscal 2022 first quarter, Air Products' adjusted EPS guidance is $2.45 to $2.55, up 16 to 20 percent over fiscal 2021 first quarter adjusted EPS. Air Products expects capital expenditures of $4.5 to $5.0 billion for full-year fiscal 2022.
Positive Outlook
- Full-year fiscal 2022 adjusted EPS guidance of $10.20 to $10.40, up 13 to 15 percent over prior year adjusted EPS.
- Fiscal 2022 first quarter adjusted EPS guidance of $2.45 to $2.55, up 16 to 20 percent over fiscal 2021 first quarter adjusted EPS.
- Expect fiscal year 2022 capital expenditures of $4.5 to $5.0 billion.
- The committed at Air Products proved they can deliver results now while developing and executing megaprojects for profitable growth in the future.
- Announced significant projects across our core gasification, carbon capture and hydrogen growth platforms.
Revenue & Expenses
Visualization of income flow from segment revenue to net income