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

The 10-second takeaway
For the quarter ended June 30 (Q3), Air Products & Chemicals met expectations on revenues and met expectations on earnings per share.

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

Margins shrank across the board.

Revenue details
Air Products & Chemicals reported revenue of $2.55 billion. The 14 analysts polled by S&P Capital IQ foresaw revenue of $2.53 billion on the same basis. GAAP reported sales were 8.9% higher than the prior-year quarter's $2.34 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 $1.36. The 20 earnings estimates compiled by S&P Capital IQ predicted $1.36 per share. GAAP EPS of $1.36 for Q3 were 40% lower than the prior-year quarter's $2.25 per share. (The prior-year quarter included $0.59 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 26.4%, 130 basis points worse than the prior-year quarter. Operating margin was 14.4%, 250 basis points worse than the prior-year quarter. Net margin was 11.3%, 940 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $2.69 billion. On the bottom line, the average EPS estimate is $1.47.

Next year's average estimate for revenue is $10.26 billion. The average EPS estimate is $5.50.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 677 members out of 697 rating the stock outperform, and 20 members rating it underperform. Among 187 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 181 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 outperform, with an average price target of $96.67.

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