Air Products Forecasts Adjusted. Earnings Growth in 2023
November 03 2022 - 6:54AM
Dow Jones News
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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