Air Products reports Q3 adjusted EPS $3.20, consensus $3.03

Reports Q3 revenue $2.99B, consensus $3.04B. Commenting on the results, Air Products’ Chairman, President and Chief Executive Officer Seifi Ghasemi said, “Our third quarter adjusted EPS of $3.20 exceeded our previous guidance and increased seven percent over the prior year, driven by Americas and Europe operating performance as well as pricing and productivity actions. The results demonstrate our focus on running our core industrial gas business, and our adjusted EBITDA margin is the best in the industry. We announced significant milestones during the quarter, including the long-term renewable hydrogen supply agreement with TotalEnergies, which validates our strategy and the expected growth in the clean hydrogen market. As always, our results reflect the hard work of our dedicated and talented employees, and I want to thank them for their contributions.”