Air Products: Q3 EPS up 13%
(CercleFinance.com) - Air Products has reported Q3 adjusted EPS of 2.
62 dollars, up 13%, with adjusted EBITDA of 1.08 billion dollars, up 11%, i.e. a margin of 33.9%, down 3.6%.
At 3.2 billion dollars, the industrial gas group's revenues rose 22% due to energy cost pass-through, higher prices and higher volumes, although this was partially offset by unfavourable FX factors.
Air Products maintains its FY 2021-22 adjusted EPS guidance of 10.20 to 10.40 dollars, with the midpoint representing 14% growth y-o-y, or 2.68 to 2.88 dollars for Q4.
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