Air products reports fiscal 2022 fourth quarter gaap eps of $2.56 and adjusted eps of $2.89

Lehigh valley, pa. , nov. 3, 2022 /prnewswire/ -- fiscal year 2022 (comparisons versus prior year): gaap eps# of $10.08, up 11 percent; gaap net income of $2,267 million, up seven percent; and gaap net income margin of 17.8 percent, down 270 basis points adjusted eps* of $10.41, up 15 percent; adjusted ebitda* of $4,247 million, up nine percent; and adjusted ebitda margin* of 33.4 percent, down 420 basis points q4 fy22 (comparisons versus prior year): gaap eps# of $2.56, up two percent; gaap net income of $593 million, down four percent; and gaap net income margin of 16.6 percent, down 520 basis points  adjusted eps* of $2.89, up 15 percent; adjusted ebitda* of $1,145 million, up 10 percent; and adjusted ebitda margin* of 32.1 percent, down 450 basis points fiscal 2022 and recent highlights increased quarterly dividend eight percent to $1.62 per share, the 40th consecutive year of increases demonstrated sustainability in action: increased sustainability commitment to $15 billion for capital investments in first-mover zero- and low-carbon hydrogen projects through 2027 set new goal to reduce scope 3 co2 emissions intensity by one-third by 2030 and path to achieve net zero operations by 2050 announced engagement with the science based targets initiative to help support development of the sectoral framework that will shape the methodology for the chemicals sector advanced the energy transition: announced multi-billion project in paramount, california, to supply sustainable aviation fuel (saf) to world energy under a long-term on-site contract announced long-term supply agreement for imperial oil's proposed strathcona renewable diesel complex, with air products supplying about half the low-carbon hydrogen output from its net-zero hydrogen energy complex in edmonton, alberta, canada announced plans to invest approximately $500 million to build, own and operate a 35 metric ton per day facility to produce green liquid hydrogen at a greenfield site in massena, new york, as well as liquid hydrogen distribution and dispensing operations signed two major on-site agreements valued at $1.3 billion to supply industrial gases to major semiconductor manufacturers closed phase i of the jazan project, delivering significant fy22 contribution; expect phase ii to close in q2fy23 guidance fiscal 2023 full-year adjusted eps guidance* of $11.20 to $11.50, up nine to 12 percent over prior year adjusted eps* calculated on the same basis; fiscal 2023 first quarter adjusted eps guidance* of $2.60 to $2.80, up five to 13 percent over prior year first quarter adjusted eps* calculated on the same basis expect fiscal year 2023 capital expenditures* of $5.0 - $5.5 billion # earnings per share is calculated and presented on a diluted basis from continuing operations attributable to air products.
APD Ratings Summary
APD Quant Ranking