Categories Earnings, Other Industries

Earnings Summary: Air Products reports fiscal 2023 fourth-quarter results

Air Products and Chemicals, Inc. (NYSE: APD), a leading developer of industrial gas projects, reported an increase in profit for the fourth quarter of 2023, despite a decline in net sales.

  • Fourth-quarter net income, on a reported basis, increased to $692.6 million or $3.11 per share from $583.1 million or $2.62 per share in the year-ago quarter
  • Adjusted profit was $3.15 per share in the third quarter, which is up 11% from the prior-year period
  • Fourth-quarter adjusted EBITDA increased 10% year-over-year to $1.3 billion; At 39.5%, adjusted EBITDA margin was up 740 basis points
  • Net income margin came in at 21.8%, which is up 520 basis points; Q4 net sales declined to $3.19 billion from $3.57 billion in Q4 2022
  • For fiscal 2024, the company expects adjusted earnings to be in the range of $12.80 per share to $13.10 per share
  • For the first quarter of 2024, the management forecasts adjusted earnings between $2.90 per share and $3.05 per share

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

DRI Earnings: Darden Restaurants’ Q2 2026 sales and profit rise YoY

Darden Restaurants, Inc. (NYSE: DRI), a leading fine dining restaurant chain, on Thursday reported an increase in sales and adjusted earnings for the second quarter of fiscal 2026. Total sales

CarMax (KMX) Q3 2026 earnings drop on lower sales; results beat estimates

Used car retailer CarMax, Inc. (NYSE: KMX) on Thursday reported a decline in earnings for the third quarter of fiscal 2026, hurt by lower sales. However, both revenues and earnings

ACN Earnings: Key quarterly highlights from Accenture’s Q1 2026 financial results

Accenture (NYSE: ACN) reported its first quarter 2026 earnings results today. Revenues of $18.7 billion increased 6% in US dollars and 5% in local currency compared to the same period a

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top