Air Products (APD) Reports Q1 EPS of $1.86, Revenues Miss; Offers 2Q19 & FY19 EPS Outlook

Air Products (NYSE: APD) reported Q1 EPS of $1.86, versus $1.71 reported last year. Revenue for the quarter came in at $2.22 billion versus the consensus estimate of $2.26 billion.

• GAAP EPS of $1.57, up 124 percent; GAAP net income of $348 million
• Adjusted EPS of $1.86*, up four percent; adjusted EPS up nine percent excluding the impact of a plant sale in the prior-year quarter
• Adjusted EBITDA margin of 35.7 percent*, up 250 basis points

Ghasemi said, "We do not control events that impact economies around the world, but we do control the operational performance of Air Products. Therefore, we continue to feel confident that we will deliver on our previous adjusted EPS guidance for fiscal year 2019."

GUIDANCE:

Air Products sees FY2019 EPS of $8.02-$8.30, versus the consensus of $8.17.

Air Products sees Q2 2019 EPS of $1.80-$1.90, versus the consensus of $1.93.

For earnings history and earnings-related data on Air Products (APD) click here.

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