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Air Products earnings, sales up in Q4

November 07/2018

MOSCOW (MRC) -- Air Products reported GAAP net income from continuing operations of USD1.5 billion and GAAP diluted EPS from continuing operations of USD6.59, both up 28 percent, for its fiscal year ended September 30, 2018, said the company.

For the year, on a non-GAAP basis, record adjusted diluted EPS from continuing operations of USD7.45 was up 18 percent, the fourth consecutive year of double-digit annual growth.

Full-year sales of USD8.9 billion increased nine percent on six percent higher volumes, one percent higher pricing and two percent favorable currency. Volumes were higher across all three regions, partially offset by lower activity from the Jazan project; excluding Jazan, volumes for the year were up 10 percent. The higher pricing was driven by the China and Europe merchant businesses.

Adjusted EBITDA of USD3.1 billion for the year increased 11 percent, led by strong volume growth, positive pricing, currency and equity affiliate income, partially offset by higher costs. Record adjusted EBITDA margin of 34.9 percent for the year increased 70 basis points.
Author:Anna Larionova
Tags:Vacuum gasoil, Condensate, gas processing, Air Products, USA.
Category:General News
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