Air Products and Chemicals (APD) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The company reported higher sales driven by broad-based demand across its end markets.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q2
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The company reported higher sales driven by broad-based demand across its end markets.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.2B
Revenue reported for this quarter.
Quarter-over-quarter
+0.8%
Change from the immediately preceding quarter.
Year-over-year
+8.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $3.2B | +22.4% |
| Sep 30, 2022 | $3.6B | +25.7% |
| Dec 31, 2022 | $3.2B | +6.0% |
| Mar 31, 2023 | $3.2B | +8.7% |
Revenue performance
Revenue rose from the prior quarter, continuing an upward trend. The year-over-year comparison also showed a solid gain.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was higher. Compared with the same quarter one year earlier, revenue also increased.
What to watch
The revenue increase from the prior quarter was less pronounced than the increase from the same quarter a year ago.