Amidst the coronavirus pandemic, Air Products today (11th Nov) released its fiscal fourth quarter (Q4) 2020 results, highlighting GAAP net income of $495m and GAAP net income margin of 21.3%, down 140 basis points, compared to the prior year.
For the quarter ended 30th September (2020), Air Products reported GAAP EPS from continuing operations of $2.19, down 4%; GAAP net income of $495m, down 5%, and GAAP net income margin of 21.3%, down 140 basis points against the prior year.
Q4 sales of $2.3m increased 2%, as 2% higher pricing and 1% favourable currency more than offset 1% lower energy pass-through.
Results by segment
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