By Will Feuer

Air Products & Chemicals Inc. forecast adjusted earnings growth in the fiscal year ahead.

The Allentown, Pa.-based provider of essential industrial gasses and chemicals said it expects adjusted earnings for the fiscal year, which started at the beginning of October, of $11.20 a share to $11.50 a share. That would mark growth of 9% to 12% over fiscal 2022.

For the current quarter, the company forecast adjusted earnings of $2.60 a share to $2.80 a share, marking growth of 5% to 13% over the same period a year earlier.

The company also said it expects capital expenditures to be between $5 billion and $5.5 billion for fiscal 2023, as the company seeks to position itself for growth amid the energy transition to renewables.

Write to Will Feuer at Will.Feuer@wsj.com

(END) Dow Jones Newswires

November 03, 2022 06:39 ET (10:39 GMT)

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