Air products reports fiscal 2022 third quarter gaap eps and adjusted eps of $2.62

Lehigh valley, pa. , aug. 4, 2022 /prnewswire/ -- q3 fy22 (comparisons versus prior year): gaap eps# of $2.62, up 11 percent; gaap net income of $587 million, up 10 percent; and gaap net income margin of 18.4 percent, down 200 basis points adjusted eps* of $2.62, up 13 percent; adjusted ebitda* of $1,081 million, up 11 percent; and adjusted ebitda margin* of 33.9 percent, down 360 basis points recent highlights advancing the energy transition: developing potential projects in oman, the united kingdom and the netherlands for the supply of low- and zero-carbon hydrogen growing the base on-site business: signed long-term supply agreement with indian oil corporation limited ("iocl") to build, own and operate a new industrial gases complex supplying hydrogen, nitrogen and steam to iocl's barauni refinery in bihar, india in 2024 demonstrating sustainability in action: announced additional sustainability commitments, including $15 billion in capital investments for first-mover zero- and low-carbon hydrogen projects, goal to reduce scope 3 co2 emissions intensity by one-third by 2030, path to achieve net zero operations by 2050, and engagement with the science based targets initiative to help support development of the sectoral framework that will shape the methodology for the chemicals sector published 2022 sustainability report detailing the company's sustainability strategy in action, world-scale energy-transition projects and industrial gases and expertise helping customers reduce environmental impacts hosted second annual week of inclusion, providing activities and resources for all employees in support of the company's diversity goals guidance maintained fiscal 2022 full-year adjusted eps guidance* of $10.20 to $10.40, up 14 percent at the midpoint, over prior year adjusted eps*; fiscal 2022 fourth quarter adjusted eps guidance* of $2.68 to $2.88, up seven to 15 percent over prior year fourth quarter adjusted eps* expect fiscal year 2022 capital expenditures* of over $4.5 billion # earnings per share is calculated and presented on a diluted basis from continuing operations attributable to air products.
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