Air Products & Chemicals (NYSE: APD) reported earnings on Jan. 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Air Products & Chemicals beat expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased.

Gross margins were steady, operating margins contracted, net margins grew.

Revenue details
Air Products & Chemicals reported revenue of $2.56 billion. The 13 analysts polled by S&P Capital IQ looked for revenue of $2.49 billion on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $2.32 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.30. The 17 earnings estimates compiled by S&P Capital IQ forecast $1.29 per share. GAAP EPS of $1.31 for Q1 were 13% higher than the prior-year quarter's $1.16 per share. (The prior-year quarter included $0.10 per share in earnings from discontinued operations.)

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 25.8%, about the same as the prior-year quarter. Operating margin was 14.1%, 140 basis points worse than the prior-year quarter. Net margin was 10.9%, 20 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $2.58 billion. On the bottom line, the average EPS estimate is $1.40.

Next year's average estimate for revenue is $10.44 billion. The average EPS estimate is $5.74.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 672 members out of 691 rating the stock outperform, and 19 members rating it underperform. Among 192 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 186 give Air Products & Chemicals a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Air Products & Chemicals is hold, with an average price target of $89.65.

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