Air Products: Q4 EPS down slightly as Covid bites
(CercleFinance.com) - Air Products has reported Q4 2019-20 adjusted EPS that is down 4% at 2.
19 dollars, pretty much in line with expectations, including an estimated negative impact of 15-20 cents stemming from the Covid-19 pandemic.
The industrial and medical gases supplier saw its adjusted EBITDA margin decline by 150 basis points to 40.4% for revenue that is up 2% to 2.3 billion dollars, mainly due to higher prices.
Air Products has reported FY adjusted EPS that is up 2% to 8.38 dollars, despite a 1% decline in sales to 8.9 billion dollars, in particular due to the pandemic.
The share is down over 4.5% in pre-market trading on Wednesday.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
19 dollars, pretty much in line with expectations, including an estimated negative impact of 15-20 cents stemming from the Covid-19 pandemic.
The industrial and medical gases supplier saw its adjusted EBITDA margin decline by 150 basis points to 40.4% for revenue that is up 2% to 2.3 billion dollars, mainly due to higher prices.
Air Products has reported FY adjusted EPS that is up 2% to 8.38 dollars, despite a 1% decline in sales to 8.9 billion dollars, in particular due to the pandemic.
The share is down over 4.5% in pre-market trading on Wednesday.
Copyright (c) 2020 CercleFinance.com. All rights reserved.