Air Products & Chemicals, Inc. (APD) [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Dec-31-22	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21
	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K
Total revenues	12,978.7	13,134.1	12,879.1	12,698.6	11,969.7	11,385.1	10,942.0	10,323.0
Revenue growth	8.4%	15.4%	17.7%	23.0%	22.1%	22.9%	21.9%	16.6%
Cost of goods sold	9,247.0	9,518.4	9,387.2	9,338.5	8,723.6	8,183.4	7,777.3	7,186.1
Gross profit	3,731.7	3,615.7	3,491.9	3,360.1	3,246.1	3,201.7	3,164.7	3,136.9
Gross margin	28.8%	27.5%	27.1%	26.5%	27.1%	28.1%	28.9%	30.4%
Selling, general and administrative [+]	948.2	926.4	902.2	900.6	878.8	875.2	858.5	828.4
Sales and marketing	724.3	702.5	678.3		676.7	673.1	656.4
General and administrative				223.9				202.1
Research and development	112.0	107.5	104.0	102.9	97.5	95.9	93.3	93.5
Equity in earnings	537.7	488.8	443.7	481.5	476.5	423.6	372.6	294.1
Other operating expenses	-29.3	-43.2	-55.8	-55.9	-59.2	-48.1	-75.6	-89.6
Adjusted EBITDA	4,629.5	4,498.0	4,361.3	4,280.6	4,190.4	4,087.4	4,041.5	3,964.5
Adjusted EBITDA margin	35.7%	34.2%	33.9%	33.7%	35.0%	35.9%	36.9%	38.4%
Stock-based compensation	57.2	53.1	48.7	48.4	46.9	48.6	50.5	44.5
EBITDA [+]	4,572.3	4,444.9	4,312.6	4,232.2	4,143.5	4,038.8	3,991.0	3,920.0
EBITDA growth	10.3%	10.1%	8.1%	8.0%	7.6%	7.5%	6.6%	5.3%
EBITDA margin	35.2%	33.8%	33.5%	33.3%	34.6%	35.5%	36.5%	38.0%
Depreciation and amortization	1,333.8	1,331.1	1,327.4	1,338.2	1,338.0	1,336.5	1,329.9	1,321.3
EBIT [+]	3,238.5	3,113.8	2,985.2	2,894.0	2,805.5	2,702.3	2,661.1	2,598.7
EBIT growth	15.4%	15.2%	12.2%	11.4%	10.0%	8.0%	5.4%	2.5%
EBIT margin	25.0%	23.7%	23.2%	22.8%	23.4%	23.7%	24.3%	25.2%
Non-recurring items	318.3	259.3		73.7
Interest expense	162.0	147.3	138.7	128.0	128.9	131.8	135.6	141.8
Interest expense	162.0	147.3	138.7	128.0	128.9	131.8	135.6	141.8
Other income (expense), net [+]	-6.0	16.2	39.2	62.4	59.4	70.0	77.7	73.7
Other	-6.0	16.2	39.2	62.4	59.4	70.0	77.7	73.7
Pre-tax income	2,752.2	2,723.4	2,812.0	2,754.7	2,736.0	2,640.5	2,580.0	2,507.4
Income taxes	527.6	522.2	523.9	500.8	495.5	463.0	462.2	462.8
Tax rate	19.2%	19.2%	18.6%	18.2%	18.1%	17.5%	17.9%	18.5%
Minority interest	36.6	26.7	22.9		0.5	-4.5	-10.8
Earnings from continuing ops	2,188.0	2,174.5	2,265.2	2,253.4	2,240.0	2,182.0	2,128.6	2,044.6
Earnings from discontinued ops				12.6				70.3
Net income	2,200.6	2,187.1	2,277.8	2,266.0	2,291.8	2,242.0	2,188.6	2,114.9
Net margin	17.0%	16.7%	17.7%	17.8%	19.1%	19.7%	20.0%	20.5%

Basic EPS [+]	$9.85	$9.79	$10.20	$10.15	$10.10	$9.84	$9.60	$9.23
Growth	-2.5%	-0.5%	6.2%	10.0%	-9.4%	-9.2%	-27.5%	-30.7%
Diluted EPS [+]	$9.83	$9.77	$10.18	$10.13	$10.07	$9.81	$9.57	$9.19
Growth	-2.4%	-0.4%	6.4%	10.2%	-9.2%	-9.1%	-27.4%	-30.6%

Dividends per share [+]	$6.74	$6.61	$6.48	$6.36	$6.24	$6.12	$6.00	$5.84
Growth	8.0%	8.0%	8.0%	8.9%	9.9%	10.9%	11.9%	12.7%

Shares outstanding (basic) [+]	222.2	222.1	222.1	222.0	221.9	221.8	221.7	221.6
Growth	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%
Shares outstanding (diluted) [+]	222.7	222.6	222.5	222.5	222.5	222.5	222.5	222.5
Growth	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.1%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.