Air products reports fiscal 2023 third quarter gaap eps of $2.67 and adjusted eps of $2.98 and raises full-year adjusted eps guidance

Lehigh valley, pa. , aug. 3, 2023 /prnewswire/ -- q3 fy23 (comparisons versus prior year): gaap eps# of $2.67, up two percent; gaap net income of $611 million, up four percent; and gaap net income margin of 20.1 percent, up 170 basis points adjusted eps* of $2.98, up 16 percent; adjusted ebitda* of $1.2 billion, up 12 percent; and adjusted ebitda margin* of 39.8 percent, up 590 basis points higher pricing and volumes drove improved results in all regional segments recent highlights completed financial close on the world's largest green hydrogen production facility with equal joint venture partners, acwa power and neom, in may; air products is the exclusive off-taker and will absorb the full production volume of the green hydrogen produced in the form of green ammonia from the facility signed $1 billion investment agreement with the republic of uzbekistan and uzbekneftegaz jsc to acquire, own and operate a natural gas-to-syngas processing facility within uzbekneftegaz jsc's multi-billion dollar gas-to-liquids facility, one of the most advanced energy plants in the world announced additional liquefied natural gas (lng) technology and equipment project wins with qatargas (north field south project, ras laffan, the state of qatar) and bechtel energy inc. (nextdecade's rio grande lng phase i project, port of brownsville, texas); announced plans for a nearly 20 percent expansion of the winding capacity at air products' lng equipment manufacturing facility in port manatee, florida continued to support decarbonization of heavy-duty road transport, with new hydrogen supply and technology investments in north america and europe published annual sustainability report detailing the company's sustainability goals, world-scale projects, the role clean hydrogen plays in the energy transition, and how the company's industrial gases and expertise help customers reduce their environmental impact, including avoiding the equivalent of 86 million tonnes of carbon dioxide emissions last year entered into an amended employment agreement with chairman, president and ceo seifi ghasemi to extend the term of his employment until september 30, 2028.
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