Industrial gases company Air Products and Chemicals, Inc. (APD) caters to the energy, environment, and emerging markets. It provides industrial gases, associated equipment, and expertise to customers across a range of industries including, refining, chemicals, metals, food & beverage, and manufacturing. In its recent Q4 showing, APD’s revenue increased 22.5% year-over-year to $2.84 billion, beating estimates by $171 million. Earnings per share at $2.51 came in ahead of estimates by $0.02. The robust performance was attributable to higher volumes, energy cost pass-through, coupled with favorable pricing and currency movement. APD’s upcoming earnings for the first quarter are expected on February 4. Consensus estimates point to earnings per share of $2.
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Air Products and Chemicals (NYSE:APD)
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