For the quarter ended June 2024, Air Products and Chemicals (APD) reported revenue of $2.99 billion, down 1.6% over the same period last year. EPS came in at $3.20, compared to $2.98 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.04 billion, representing a surprise of -1.79%. The company delivered an EPS surprise of +5.26%, with the consensus EPS estimate being $3.04.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Core Viewpoint - Air Products and Chemicals, Inc. reported a year-over-year increase in earnings per share for the third quarter of fiscal 2024, despite a slight decline in revenues, primarily due to unfavorable currency impacts and lower energy cost pass-throughs [1][2]. Financial Performance - Earnings from continuing operations for Q3 fiscal 2024 were $3.13 per share, up from $2.67 in the same quarter last year [1]. - Adjusted earnings per share, excluding one-time items, were $3.20, surpassing the Zacks Consensus Estimate of $3.04 [1]. - Total revenues for the quarter were $2,985.5 million, a decrease of approximately 1.6% year-over-year, and below the Zacks Consensus Estimate of $3,039.8 million [1]. Segment Highlights - Revenues in the Americas segment fell 2.1% year-over-year to $1,234.7 million, missing the Zacks Consensus Estimate of $1,279.6 million, due to lower energy cost pass-throughs and reduced volumes [2]. - The Europe segment saw a 1.9% decline in revenues to $693.4 million, also below the Zacks Consensus Estimate of $697.8 million, attributed to lower energy cost pass-throughs and adverse currency effects [2]. - The Asia segment experienced a 4% revenue decline to $789.6 million, which was above the Zacks Consensus Estimate of $783.8 million, with decreased demand for merchant products and reduced volumes being the main factors [2]. Financial Position - As of the end of Q3, the company had cash and cash equivalents of approximately $2,375.7 million, reflecting a 25% year-over-year increase [3]. - Long-term debt rose by 48% year-over-year to $12,786.4 million [3]. Outlook - Air Products maintained its full-year adjusted EPS projection for fiscal 2024 at $12.20 to $12.50, indicating a 6-9% increase from the previous year [4]. - The adjusted EPS guidance for the fiscal fourth quarter is set at $3.33-$3.63 [4]. - The company anticipates capital expenditures between $5 billion and $5.5 billion for fiscal 2024 [4]. Price Performance - Over the past year, the company's shares have declined by 11.8%, compared to an 8.1% decline in the industry [5].

Air Products and Chemicals (APD) came out with quarterly earnings of $3.20 per share, beating the Zacks Consensus Estimate of $3.04 per share. This compares to earnings of $2.98 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.26%. A quarter ago, it was expected that this seller of gases for industrial, medical and other uses would post earnings of $2.72 per share when it actually produced earnings of $2.85, delivering a surp ...

Moving forward Creating Shareholder Value Third Quarter 2024 Earnings Results Teleconference August 1, 2024 Moving forward Forward-Looking Statements This presentation contains "forward-looking statements" within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements about earnings guidance, business outlook and investment opportunities. These forward-looking statements are based on management's expectations and assumptions as of the date of this presentatio ...

Exhibit 99.1 News Release Air Products and Chemicals, Inc. 1940 Air Products Boulevard Allentown, PA 18106-5500 www.airproducts.com Air Products Reports Fiscal 2024 Third Quarter GAAP EPS of $3.13 and Adjusted EPS of $3.20 Q3 FY24 (comparisons versus prior year): # • GAAP EPS of $3.13, up 17 percent; GAAP net income of $709 million, up 16 percent; and GAAP net income margin of 23.7 percent, up 360 basis points • Adjusted EPS* of $3.20, up seven percent; adjusted EBITDA* of $1.3 billion, up five percent; and ...

Q3 FY24 (comparisons versus prior year):GAAP EPS# of $3.13, up 17 percent; GAAP net income of $709 million, up 16 percent; and GAAP net income margin of 23.7 percent, up 360 basis pointsAdjusted EPS* of $3.20, up seven percent; adjusted EBITDA* of $1.3 billion, up five percent; and adjusted EBITDA margin* of 42.4 percent, up 260 basis pointsRecent HighlightsClean hydrogen / energy transitionSigned a 15-year agreement to supply 70,000 tons of green hydrogen annually starting in 2030, helping to decarbonize T ...

Chemical companies are expected to have benefited from a rebound in demand across several key end markets and a moderation of de-stocking activities in the June quarter. The results of these companies are likely to be supported by the benefits of pricing and cost-saving actions. Per the Zacks industry classification, the chemical industry falls under the broader Basic Materials sector. The second-quarter earnings picture for this sector looks bleak. Basic Materials is among the Zacks sectors that are expect ...

In its upcoming report, Air Products and Chemicals (APD) is predicted by Wall Street analysts to post quarterly earnings of $3.04 per share, reflecting an increase of 2% compared to the same period last year. Revenues are forecasted to be $3.04 billion, representing a year-over-year increase of 0.2%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projec ...

LEHIGH VALLEY, Pa., July 25, 2024 /PRNewswire/ -- Today, Air Products (NYSE: APD) unveiled plans to build a network of permanent, commercial-scale hydrogen refuelling stations (HRSs), strategically located along major transportation corridors near the Trans-European Transport Network (TEN-T). This vital infrastructure will help connect key locations across Europe and support the advancement of a safe and resilient hydrogen ecosystem.   Air Products' commercial-scale stations will deliver enhanced fueling te ...

Core Viewpoint - Many investors are increasingly using options trading to manage risk and returns, with the Relative Strength Indicator (RSI) being a key tool for identifying oversold stocks [1][2]. Group 1: Air Products & Chemicals (APD) - Air Products & Chemicals has delivered a total return of 23.67% over the past five years, including a dividend yield of 2.83% [3]. - The company is focusing on investments in green hydrogen, having signed a 15-year contract with TotalEnergies to supply 70,000 tons of green hydrogen annually starting in 2030 [4]. - Air Products is also planning to build a $4 billion green hydrogen plant in Texas and is recognized as the world's leading provider of patented LNG technology and equipment [4]. Group 2: Celsius (CELH) - Celsius manufactures a low-calorie line of energy drinks and has seen significant stock growth since 2020, aided by a distribution agreement with PepsiCo [6]. - Following an oversupply announcement from PepsiCo, CELH stock dropped 33% in the last three months, with an RSI around 25, indicating it is oversold [6]. - Analysts project a 29% increase in earnings over the next 12 months, with a consensus price target of $78.65, suggesting a potential 63% gain from the current stock price [6]. Group 3: Cameco (CCJ) - Cameco, the largest publicly traded uranium company, has an RSI of around 40, down from 66 in early June, correlating with a drop in uranium spot prices [7]. - Despite the decline, uranium prices remain high compared to levels not seen since 2008, with a growing recognition of nuclear energy as a clean renewable energy source [7]. - CCJ stock has shown a total return of 370.25% over the last five years, with earnings expected to grow by over 85% in the next 12 months, indicating significant upside potential [8].