Air Products has revealed a $3bn slip in sales in its latest 2024 Q3 earnings call but praised the significant milestone reached in securing the major hydrogen supply deal signed with TotalEnergies.
The industrial gas major did announce its GAAP EPS and net income increased by 17% and 16%, respectively, compared to the previous year. Its adjusted EPS also rose by 7% and adjusted EBITDA went up by 5%.
“In addition to achieving 7% earnings per share growth, we have also reached overall significant milestones,” explained Seifi Ghasemi, CEO, Chairman of the Board and President of Air Products. “This [TotalEnergies agreement] agreement, which has already generated significant interest from other customers, validates a long-term strategy and demonstrates a strong demand for green hydrogen.”
... to continue reading you must be subscribed
