Air Products & Chemicals
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.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Air Products & Chemicals. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Air Products & Chemicals to My Watchlist.