2023-05-09 06:03:29 ET
- Air Products and Chemicals press release ( NYSE: APD ): Q2 Non-GAAP EPS of $2.74 beats by $0.08 .
- Revenue of $3.2B (+8.5% Y/Y) beats by $120M .
- Adjusted EBITDA of $1,151 million, up 13 percent; and adjusted EBITDA margin of 36.0 percent, up 140 basis points.
- Outlook: Increased fiscal 2023 full-year adjusted EPS guidance to $11.30 to $11.50 vs. consensus of $11.38, up 10 to 12 percent over prior year adjusted EPS calculated on the same basis; fiscal 2023 third quarter adjusted EPS guidance of $2.85 to $2.95 vs. consensus of $3.29B, up 10 to 14 percent over prior year third quarter adjusted EPS calculated on the same basis.
- Continue to expect fiscal year 2023 capital expenditures of $5.0 - $5.5 billion.
For further details see:
Air Products and Chemicals beats Q2 top and bottom line estimates; initiates Q3 and raises FY23 outlook