Air Products: Q2 adjusted EPS up 2%

(CercleFinance.com) - Air Products has posted Q2 2020-21, adjusted EPS that is up 2% at 2.
08 dollars, slightly lower than the consensus, with it estimating Covid-19 knocking off 10 to 15 cents from this figure.

The industrial and medical gas supplier's adjusted EBITDA margin declined 300 basis points to 37.3% on revenue that was up 13% at 2.5 billion dollars, largely benefiting from cost increases being passed on.

Air Products management says it expects FY adjusted EPS of 8.95 to 9.10 dollars, which represents y-o-y growth of 7% to 9%.


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