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News Release Air Products and Chemicals , Inc. 7201 Hamilton Boulevard Allentown , PA 18195-1501 www.airproducts.com AIR PRODUCTS Air Products Reports Fiscal 2021 First Quarter GAAP EPS # and Adjusted EPS * of $ 2.12 Resilient and Focused Air Products Team Continues to Execute Amid COVID - 19 ● Q1 FY21 ( comparisons versus prior year ) : GAAP EPS of $ 2.12 , down one percent , including an estimated $ 0.10- $ 0.15 negative impact from COVID 19 ; GAAP net income of $ 487 million , flat ; and GAAP net income margin of 20.5 percent , down 120 basis points A Adjusted EPS * $ 2.12 , down one percent , including an estimated $ 0.10- $ 0.15 negative impact from COVID - 19 ; adjusted EBITDA margin * of 39.2 percent , down 110 basis points Q1 FY21 Highlights Continued to safely operate more than 750 facilities around the world , reliably supplying customers and executing world - scale projects despite the continued challenges of COVID - 19 Increased quarterly dividend 12 percent to $ 1.50 per share , representing the 39th consecutive year that dividends have increased Announced agreement to provide proprietary LNG technology , equipment and related process license and advisory services to Energia Costa Azul LNG export terminal project in Mexico Named to the Dow Jones Sustainability North America Index ( DJSI ) for 11th consecutive year , honored with Best Social Responsibility Brand Award at 10th China Charity Festival for sixth consecutive year , and received 100 percent score on the Corporate Equality Index for the fifth consecutive year #Earnings per share is calculated and presented on a diluted basis from continuing operations and attributable to Air Products . * Certain results in this release , including in the highlights above , include references to non - GAAP financial measures on a consolidated , continuing operations basis and a segment basis . Additional information regarding these measures and a reconciliation of GAAP to non - GAAP historical results can be found below . LEHIGH VALLEY , Pa . ( February 4 , 2021 ) - Air Products ( NYSE : APD ) today reported first quarter fiscal 2021 GAAP EPS from continuing operations of $ 2.12 , down one percent , despite an estimated $ 0.10 to $ 0.15 negative impact from COVID - 19 ; GAAP net income of $ 487 million , including $ 10 million from discontinued operations , which was flat ; and GAAP net income margin of 20.5 percent , down 120 basis points , each versus prior year . -more On a non - GAAP basis , adjusted EPS from continuing operations of $ 2.12 was down one percent , despite an estimated $ 0.10 to $ 0.15 negative impact from COVID - 19 ; adjusted EBITDA * of $ 932 million was up three percent ; and adjusted EBITDA margin of 39.2 percent was down 110 basis points , each versus prior year .