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Air Products and Chemicals released strong Q3 2024 results, exceeding EPS guidance and confirming a positive outlook. Recent transactions and agreements show APD's liquidation value and growth potential. A strong balance sheet with a growing DPS and a positive EPS trajectory make APD a buy.
Air Products and Chemicals, Inc.'s results beat expectations, with EPS up 7% and revenue slightly below estimates. Operational concerns arose with its COO's departure, but there were no major issues reported in the latest financial results. The company continues to execute growth projects, reducing project risk and signing new contracts, with shares potentially reaching $320 in 12 months.
Air Products is a leading supplier of industrial gases. The company beat bottom-line expectations for the third quarter.
Air Products and Chemicals, Inc. (NYSE:APD ) Q3 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Sidd Manjeshwar - Vice President, Investor Relations Seifi Ghasemi - Chairman, President and Chief Executive Officer Eric Guter - Investor Relations Melissa Schaeffer - Chief Financial Officer Conference Call Participants John McNulty - BMO Capital Markets Jeff Zekauskas - JPMorgan Vincent Andrews - Morgan Stanley David Begleiter - Deutsche Bank Chris Parkinson - Wolfe Research Duffy Fisher - Goldman Sachs Salvator Tiano - Bank of America Mike Leithead - Barclays Mike Sison - Wells Fargo John Roberts - Mizuho Josh Spector - UBS Patrick Cunningham - Citi Dan Rizzo - Jefferies Operator Good morning and welcome to Air Products Third Quarter Earnings Release Conference Call. Today's call is being recorded at the request of Air Products.
Although the revenue and EPS for Air Products and Chemicals (APD) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Air Products (APD) sees lower sales in Q3 as higher prices are more than offset by lower energy cost pass-through and unfavorable currency swings.
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.
Chemical companies are expected to have benefited from demand recovery across key end markets and moderated de-stocking activities. Let's see how APD, CE, CC and AXTA are poised ahead of their earnings releases.
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Evaluate the expected performance of Air Products and Chemicals (APD) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Air Products and Chemicals (APD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.