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Air Products: Q3 EPS up 15%

( - Industrial and medical gas supplier Air Products has reported a 15% increase in Q3 2020-21 adjusted EPS to 2.
31 dollars, despite a 520-bp drop in its adjusted EBITDA margin to 37.5%.

Revenues rose 26% to 2.6 billion dollars, driven by a 12-point volume effect, a 6-point energy cost pass-through, a 6-point currency effect and a 2-point price effect.

For the full year, group management said it expects adjusted EPS of 8.95 to 9.05 dollars, thereby reducing the low end of its previous target range, which was 9.10 dollars.

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