Air products reports fiscal 2024 fourth quarter gaap eps of $8.81 and adjusted eps of $3.56

Fiscal year 2024 (comparisons versus prior year): gaap eps# of $17.24, up 67 percent; gaap net income of $3.9 billion, up 65 percent; and gaap net income margin of 31.9 percent, up 1,330 basis points adjusted eps* of $12.43, up eight percent; adjusted ebitda* of $5.0 billion, up seven percent; and adjusted ebitda margin* of 41.7 percent, up 440 basis points q4 fy24 (comparisons versus prior year): gaap eps# of $8.81, up 186 percent; gaap net income of $2.0 billion, up 181 percent; and gaap net income margin of 61.2 percent, up 3,940 basis points adjusted eps* of $3.56, up 13 percent; adjusted ebitda* of $1.4 billion, up 12 percent; and adjusted ebitda margin* of 44.1 percent, up 460 basis points fiscal 2024 and recent highlights creating shareholder value delivered fiscal fourth quarter adjusted ebitda margin* of 44.1 percent and fiscal year 2024 adjusted ebitda margin* of 41.7 percent increased dividend to $1.77 per share, with approximately $1.6 billion of dividend payments to shareholders in 2024 core industrial gas business completed divestiture of non-core liquefied natural gas ("lng") process technology and equipment business to honeywell for $1.81 billion in an all-cash transaction announced plans to construct two new air separation units at the company's conyers, georgia, and reidsville, north carolina locations to serve local merchant markets announced $70 million investment to expand gas separation and purification membranes at the company's missouri manufacturing and logistics center, driven by growing product demand in biogas and hydrogen recovery applications, as well as customer needs for the use of nitrogen for the aerospace industry and cleaner fuels for the marine industry clean hydrogen / energy transition signed a 15-year agreement to supply 70,000 tons of green hydrogen annually starting in 2030, helping to decarbonize totalenergies' northern european refineries and avoid approximately 700,000 tons of co₂ each year announced plans to build networks of permanent, commercial-scale, multi-modal hydrogen refueling stations in california, canada and europe announced trial of a daimler mercedes-benz genh2 truck, aligned with air products' goal to convert its distribution fleet to hydrogen powered vehicles sustainability      awarded 'a' rating on msci's environmental, social and governance ratings listed among barron's 100 most sustainable companies for the sixth consecutive year set additional sustainability goals, including committing to quadruple renewable energy used to make the company's products by 2030 compared to a 2023 baseline; signed 10-year power purchase agreements for renewable energy with tatung forever energy (taiwan) and eneco (the netherlands) guidance fiscal 2025 full-year adjusted eps guidance* of $12.70 to $13.00; fiscal 2025 first quarter adjusted eps guidance* of $2.75 to $2.85 expect fiscal year 2025 capital expenditures* in the range of $4.5 billion to $5.0 billion air products completed the divestiture of its lng business on september 30, 2024; therefore, this business will not contribute to fiscal 2025 results and, accordingly, is not reflected in fiscal 2025 guidance. refer to page 9 below for additional information.
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