Air Products & Chemicals, Inc. [APD] has reported $2338.6M profit for Q4 2023 ended Q3.

Air Products & Chemicals, Inc. [APD] has reported $2338.6 profit for Q4 2023 ended Q3.

The ALLENTOWN, Pennsylvania based company recorded net profit of $2494.6M on operating income of 2494.6. Earnings per share rose to 222.7.

Comparing the values from the current reporting period to the year over year values in the Balance Sheet table, there are some notable changes. Total assets have increased from $27,192.6 million in September 2022 to $32,002.5 million in September 2023, indicating a growth in the company's overall value. Total liabilities have also increased from $13,490.2 million to $16,342.2 million, suggesting an increase in the company's debt obligations. On the other hand, total stockholders' equity has increased from $13,144.0 million to $14,312.9 million, indicating an improvement in the company's financial position and the shareholders' ownership stake in the company.

In the current reporting period, Air Products reported revenue of $12,600.0 million, a slight decrease from the same period in the previous year ($12,698.6 million). Cost of goods sold also decreased from $9,338.5 million to $8,833.0 million. Despite this, the company managed to increase its net income to $2,338.6 million compared to $2,266.5 million in the previous year. This led to basic earnings per share increasing to $10.35 from $10.16, showing improved profitability. Diluted earnings per share also increased from $10.14 to $10.33. The weighted average number of common shares remained relatively stable at around 222 million. Overall, Air Products performed well, with increased net income and earnings per share in the current reporting period compared to the previous year.