Stock Monitor: Sociedad Quimica y Minera de Chile Post Earnings Reporting

LONDON, UK / ACCESSWIRE / November 28, 2017 / Active-Investors' free earnings report on Air Products and Chemicals, Inc. (NYSE: APD) ("Air Products") has freshly been issued to its members. You can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=APD. The Company posted its financial results on October 25, 2017 for the fourth quarter fiscal 2017. The maker of industrial gases' revenue and adjusted EPS surpassed analysts' expectations. Register today and get free access to our complimentary member's area, where many more reports are available:www.active-investors.com/registration-sg.

Active-Investors.com is currently working on the research report for Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM), which also belongs to the Basic Materials sector as the Company Air Products and Chemicals. Do not miss out, become a member today for free to access this upcoming report at: www.active-investors.com/registration-sg/?symbol=SQM.

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Air Products and Chemicals' most recent news is on our radar and we have decided to include it in our blog post. Today's free coverage is available at: www.active-investors.com/registration-sg/?symbol=APD.

Earnings Highlights and Summary

For three months ended September 30, 2017, Air Products' (NYSE: APD) revenues increased 13% to $2.20 billion from $1.95 billion in Q4 FY16. Revenue surpassed analysts' expectations of $2.09 billion.

During Q4 FY17, Air Products' gross profit increased 10% to $657.8 million from $598 million in the same period last year. For the reported quarter, the Company's gross margin decreased 80 basis points to 29.9% of revenue from 30.7% of revenue in Q4 FY16

During Q4 FY17, Air Products' adjusted EBITDA increased 13% to $768.6 million from $677.2 million in the same period last year. For the reported quarter, the Company's adjusted EBITDA margin increased 10 basis points to 34.9% of revenue from 34.8% of revenue in Q4 FY16.

During Q4 FY17, Air Products' operating income increased 17% to $455.7 million from $391.0 million in the same period last year. During Q4 FY17, the Company's operating margin increased 60 basis points to 20.7% of revenue from 20.1% of revenue in the same period last year. For the reported quarter, the Company's adjusted operating margin increased 50 basis points to 22.4% of revenue from 21.9% of revenue in Q4 FY16.

For the reported quarter, Air Products' net income increased 64% to $474.2 million on a y-o-y basis from $289.4 million in Q4 FY16. During Q4 FY17, the Company's diluted EPS increased 63% to $2.15 on a y-o-y basis from $1.32 in the same period last year. For the reported quarter, Air Products' adjusted net income increased 19% to $386.7 million on a y-o-y basis from $325.7 million in Q4 FY16. During Q4 FY17, the Company's adjusted diluted EPS increased 18% to $1.76 on a y-o-y basis from $1.49 in the same period last year. Adjusted diluted EPS surpassed analysts' expectations of $1.69.

Air Products' Segment Details

Industrial Gases - Americas:

During Q4 FY17, the Industrial Gases - Americas segment's revenue increased 8.6% to $952.9 million from $877.4 million in the same period last year. The increase was driven by 7% higher volumes. For the reported quarter, the segment's operating income increased 18.7% to $266.1 million from $224.1 million in Q4 FY16.

Industrial Gases - EMEA:

During Q4 FY17, the Industrial Gases - Europe, Middle-East, and Africa (EMEA) segment's revenue increased 24.3% to $514.8 million, from $414.3 million in the same period last year. The increase was due to higher volume and favorable currency. For the reported quarter, the segment's operating income increased 20.5% to $118.5 million from $98.3 million in Q4 FY16.

Industrial Gases - Asia:

During Q4 FY17, the Industrial Gases - Asia segment's revenue increased 23% to $552.2 million from $448.9 million in the same period last year. The increase was due to higher volume and pricing. For the reported quarter, the segment's operating income increased 38.2% to $152.0 million from $110.0 million in Q4 FY16.

Industrial Gases - Global:

During Q4 FY17, the Industrial Gases - Global segment's revenue increased 8.9% to $171.1 million from $157.1 million in the same period last year. For the reported quarter, the segment's operating income decreased 45.4% to $12.4 million from $22.7 million in Q4 FY16.

Balance Sheet

As on September 30, 2017, Air Products' cash and cash items increased 153.1% to $3.27 billion from $1.29 billion on September 31, 2016. For the reported quarter, the Company's long-term debt decreased 13% to $3.40 billion from $3.91 billion in Q4 FY16.

For the reported quarter, the Company's net trade receivables increased 2.4% to $1.17 billion from $1.15 billion in the fourth quarter of 2016. For the reported quarter, the Company's payables and accrued liabilities increased 9.8% to $1.81 billion from $1.65 billion in Q4 FY16.

During FY17, the Company's cash provided by operating activities increased 12.2% to $2.53 billion from $2.26 billion in last year.

Outlook

For Q1 FY18, Air Products expects adjusted diluted EPS to be in the range of $1.60 to $1.70 and estimates adjusted diluted EPS to be in the range of $6.85 to $7.05 for fiscal 2018.

Stock Performance Snapshot

November 27, 2017 - At Monday's closing bell, Air Products and Chemicals' stock slightly fell 0.38%, ending the trading session at $160.94.

Volume traded for the day: 819.49 thousand shares.

Stock performance in the last three-month - up 10.40%; previous six-month period - up 11.79%; past twelve-month period - up 13.71%; and year-to-date - up 11.90%

After yesterday's close, Air Products and Chemicals' market cap was at $35.20 billion.

Price to Earnings (P/E) ratio was at 31.18.

The stock has a dividend yield of 2.36%.

The stock is part of the Basic Materials sector, categorized under the Chemicals - Major Diversified industry.

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