Air Products' Q3 Win: EPS Surge and Margin Expansion Set Stage for Promising Q4
Portfolio Pulse from Akanksha Bakshi
Air Products & Chemicals Inc (NYSE:APD) reported a strong Q3 2024 with adjusted EPS of $3.20, beating expectations. Despite a 2% YoY sales decline, operating profit rose 14.5% and margins expanded. The company provided positive Q4 and 2024 guidance, leading to a 6.88% premarket share price increase.
August 01, 2024 | 1:09 pm
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Air Products & Chemicals Inc (NYSE:APD) reported a strong Q3 2024 with adjusted EPS of $3.20, beating expectations. Despite a 2% YoY sales decline, operating profit rose 14.5% and margins expanded. The company provided positive Q4 and 2024 guidance, leading to a 6.88% premarket share price increase.
The strong Q3 earnings report, margin expansion, and positive guidance for Q4 and 2024 are likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100