Air Products (APD) Q1 Earnings Miss as Americas Unit Sales Slump
APDAir Products and Chemicals(APD) Zacks Investment Research·2024-02-05 22:56

Air Products and Chemicals, Inc. (APD) logged first-quarter fiscal 2024 (ended Dec 31, 2023) earnings from continuing operations of 2.73pershare,upfrom2.73 per share, up from 2.57 recorded in the year-ago quarter. The bottom line was driven by higher pricing and volumes as well as increased equity affiliates' income that more than offset higher costs. Barring one-time items, adjusted earnings per share (EPS) were 2.82.ItmissedtheZacksConsensusEstimateof2.82. It missed the Zacks Consensus Estimate of 2.99. The industrial gases giant recorded revenues of $2,997.4 ...