Air products reports fiscal 2023 first quarter gaap eps of $2.57 and adjusted eps of $2.64

Lehigh valley, pa. , feb. 2, 2023 /prnewswire/ -- q1 fy23 (comparisons versus prior year): gaap eps# of $2.57, up two percent; gaap net income of $584 million, up six percent; and gaap net income margin of 18.4 percent, flat adjusted eps* of $2.64, up six percent; adjusted ebitda* of $1,084 million, up eight percent; and adjusted ebitda margin* of 34.1 percent, up 60 basis points recent highlights announced financial close and transfer of the second group of assets for the $12 billion gasification and power joint venture with aramco, acwa power and air products qudra in the jazan economic city, saudi arabia increased quarterly dividend on the company's common stock by 13 cents per share to $1.75 per share, marking the 41st consecutive year of dividend increases continued to advance mega-scale hydrogen energy projects globally: announced joint venture with aes corporation to invest approximately $4 billion to build, own and operate the u.s.'s largest green hydrogen facility in wilbarger county, texas canadian federal and provincial governments announced approximately $475 million (cad) in project funding for air products' multi-billion-dollar landmark net-zero hydrogen energy complex in alberta continued to develop downstream infrastructure to supply green hydrogen to europe guidance maintaining 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 second quarter adjusted eps guidance* of $2.50 to $2.70, up seven to 15 percent over prior year second quarter adjusted eps* calculated on the same basis continue to 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.
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