“Despite ongoing challenges from Covid-19 globally and the severe winter storm in the US Gulf Coast during the quarter, our talented, committed and dedicated team continued to work tirelessly, supporting customers customers and successfully executing our megaprojects.”
Those were the words of Seifi Ghasemi, Air Products’ Chairman, President and CEO, when the industrial gas giant today (10th May) reported its second quarter (Q2) 2021 financial results.
“Adjusted EPS improved over the prior year, we continued to improve pricing, and we again generated strong cash flow. Meanwhile, Air Products continues to lead with world-scale energy transition projects in gasification, carbon capture and carbon-free hydrogen,” he said.
For the quarter, Air Products reported fiscal 2021 GAAP EPS from continuing operations of $2.13, down 4%; GAAP net income of $477m, down 3%; and GAAP net income margin of 19.1%, down 300 basis points, each versus prior year.
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