Air Products: EPS up 7% in Q3

(CercleFinance.com) - Air Products reports adjusted EPS for its third fiscal quarter up 7% to $3.
20 and adjusted EBITDA up 5% to $1.3 billion, representing a margin improvement of 2.6 points to 42.4%.

At $3 billion, the industrial gases supplier's revenues were down 2%, due to a 2% unfavorable currency effect and a 1% pass-through of energy costs, partially offset by a 1% rise in prices.

Air Products confirms its adjusted EPS guidance for the current year of $12.20 to $12.50, up 6% to 9%, implying a target range for its final quarter 2023-24 of $3.33 to $3.63.

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