Air Products (APD) Q1 Earnings Miss as Americas Unit Sales Slump

Air Products and Chemicals, Inc. (APD) logged first-quarter fiscal 2024 (ended Dec 31, 2023) earnings from continuing operations of $2.73 per share, up from $2.57 recorded in the year-ago quarter. The bottom line was driven by higher pricing and volumes as well as increased equity affiliates' income that more than offset higher costs.Barring one-time items, adjusted earnings per share (EPS) were $2.82. It missed the Zacks Consensus Estimate of $2.99.The industrial gases giant recorded revenues of $2,997.4 m ...