Air products reports fiscal 2023 fourth quarter gaap eps of $3.08 and adjusted eps of $3.15
Lehigh valley, pa. , nov. 7, 2023 /prnewswire/ -- fiscal year 2023 (comparisons versus prior year): gaap eps# of $10.30, up two percent; gaap net income of $2.3 billion, up three percent; and gaap net income margin of 18.6 percent, up 80 basis points adjusted eps* of $11.51, up 12 percent; adjusted ebitda* of $4.7 billion, up 11 percent; and adjusted ebitda margin* of 37.3 percent, up 390 basis points q4 fy23 (comparisons versus prior year): gaap eps# of $3.08, up 20 percent; gaap net income of $694 million, up 17 percent; and gaap net income margin of 21.8 percent, up 520 basis points adjusted eps* of $3.15, up 11 percent; adjusted ebitda* of $1.3 billion, up 10 percent; and adjusted ebitda margin* of 39.5 percent, up 740 basis points fiscal 2023 and recent highlights increased quarterly dividend eight percent to $1.75 per share in january, the 41st consecutive year of increases issued inaugural green bonds in concurrent $600 million and €700 million debt offerings in march, making air products the first u.s. chemical company to qualify green and blue hydrogen projects as an eligible expenditure category advanced the energy transition: completed financial close on the world's largest green hydrogen-based ammonia production facility with equal joint venture partners, acwa power and neom, in may; the total value of $8.4 billion is being financed with $6.1 billion non-recourse financing from 23 local, regional and international banks and financial institutions; air products will be the exclusive off-taker of the green ammonia from the facility, which it intends to transport to end-markets to be dissociated to produce green hydrogen for transportation and industrial markets announced plan to build, own and operate state-of-the-art carbon capture and carbon dioxide treatment facility at air products' existing hydrogen production plant in rotterdam, the netherlands; the facility is expected to be on-stream in 2026, and the resulting "blue" hydrogen product will serve exxonmobil's (esso) rotterdam refinery and additional customers via air products' hydrogen pipeline network system announced joint venture with aes corporation to build, own and operate the u.s.'s largest green hydrogen facility in wilbarger county, texas in december 2022 achieved 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 in january 2023 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; brought project on-stream in october 2023, which is expected to be accretive to earnings in fiscal 2024 announced major liquefied natural gas (lng) technology and equipment project wins, including: petronas lng complex (bintulu, sarawak, malaysia), qatargas (north field south project, ras laffan, the state of qatar), bechtel energy inc. (nextdecade's rio grande lng phase i project, port of brownsville, texas), and technip energies' xi'an lng project with shaanxi lng reserves & logistics company ltd.
