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
MU Earnings: Micron Q2 profit jumps on higher revenues, tops expectations
Semiconductor company Micron Technology Inc. (NASDAQ: MU) Thursday reported a sharp increase in revenues and earnings for the second quarter of 2025. Earnings also surpassed Wall Street's forecasts. The Idaho-headquartered
Darden Restaurants sees growth in FY25 and beyond amid menu, tech Innovations
Darden Restaurants, Inc. (NYSE: DRI) has successfully navigated the challenging market environment by constantly innovating its menu offerings and fostering customer loyalty. In the third quarter, sales and profit margin
What to look for when McCormick & Company (MKC) reports Q1 2025 earnings
Shares of McCormick & Company, Incorporated (NYSE: MKC) were down 1% on Thursday. The stock has gained 5% year-to-date. The spice giant is slated to report its first quarter 2025 earnings results
