Air products reports fiscal 2023 second quarter gaap eps of $1.97 and adjusted eps of $2.74

Lehigh valley, pa. , may 9, 2023 /prnewswire/ -- q2 fy23 (comparisons versus prior year): gaap eps# of $1.97, down 17 percent; gaap net income of $450 million, down 16 percent; and gaap net income margin of 14.1 percent, down 410 basis points adjusted eps* of $2.74, up 17 percent; adjusted ebitda* of $1,151 million, up 13 percent; and adjusted ebitda margin* of 36.0 percent, up 140 basis points higher pricing and volume drove improved results in all regional segments recent highlights completed jazan phase ii in january 2023, which began contributing to equity affiliates' income during the second quarter issued inaugural green bonds in $600 million and €700 million debt offerings, making air products the first u.s. chemical company to qualify green and blue hydrogen projects as an eligible expenditure category continued to drive the company's hydrogen leadership through first-mover low-carbon intensity and zero-carbon energy transition mega projects globally; brought over 30 new assets on-stream in asia signed four lng process technology and equipment agreements during the quarter, including with bechtel energy, inc. for sempra infrastructure's port arthur lng phase 1 project in jefferson county, texas and with technip energies for the xi'an lng emergency reserve & peak regulation project with shaanxi lng reserves & logistics company ltd.
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