“Despite continued, broad economic uncertainty in most of the world, we remain confident in the profitable growth strategy we are executing, providing innovative solutions for some of the world’s most significant energy and environmental challenges.”
Those were the words of Seifi Ghasemi, Chairman, President and CEO of Air Products as he reflected on the industrial gas giant’s fiscal quarter one (Q1) 2021 financial results released today (4th Feb).
For the quarter, Air Products reported GAAP EPS from continuing operations of $2.12, down 1%, despite an estimated $0.10 to $0.15 negative impact from Covid-19.
GAAP net income of $487m, including $10m from discounted operations, was flat; and GAAP net income margin of 20.5% was down 120 basis points, versus prior year.
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