Air Products raises full-year earnings forecast after stronger second-quarter sales
Updated
Updated · MarketWatch · Apr 30
Air Products raises full-year earnings forecast after stronger second-quarter sales
7 articles · Updated · MarketWatch · Apr 30
The industrial gases group posted adjusted EPS of $3.20 on sales of $3.17bn for the quarter ended 31 March, beating FactSet forecasts of $3.06 and $3.07bn.
Net income was $710.4m, versus a $1.73bn loss a year earlier, while the company forecast current-quarter adjusted EPS of $3.25-$3.35 and about $4bn in capital spending.
Air Products cited higher on-site volumes, favourable currency and energy pass-through, while CEO Eduardo Menezes said helium supply resilience was strengthened despite macroeconomic uncertainty and helium-related pricing headwinds.
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