The company said its GAAP net income for fiscal 2024 Q1 was $622 million and its diluted GAAP EPS was $2.73, each up 6% from a year earlier. Sales for the same quarter were $3.0 billion, down 6%.

1. 01

   The company said its GAAP net income for fiscal 2024 Q1 was $622 million and its diluted GAAP EPS was $2.73, each up 6% from a year earlier. Sales for the same quarter were $3.0 billion, down 6%.

2. 02

   Air Products said adjusted EPS for Q1 rose 7% to $2.82, and adjusted EBITDA rose 8% to $1.2 billion. It said adjusted EBITDA margin was 39.2%, up 510 basis points. The company cited a positive impact of about 400 basis points from lower energy cost pass-through in that margin increase.

3. 03

   The company updated its full-year fiscal 2024 adjusted EPS guidance to $12.20 to $12.50, up 6 to 9% over prior-year adjusted EPS. It also gave adjusted EPS guidance of $2.60 to $2.75 for Q2. The company said it continues to expect capital expenditures of $5.0 billion to $5.5 billion for the year.

4. 04

   The company reported operating cash flow of $626.6 million, investing cash outflow of $1,665.6 million and financing cash inflow of $1,362.8 million for Q1 (3 months). Over the same period, net increase in commercial paper and short-term borrowings was $1,020.9 million, and long-term debt proceeds were $810.4 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.