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Air Products targets 10% YOY jump in FY'19 earnings

Air Products & Chemicals Inc. is targeting adjusted EPS in the range of $8.20 to $8.25 in fiscal 2019.

At the midpoint, the projected EPS reflects a 10% increase year over year. Air Products booked adjusted EPS of $7.45 in fiscal 2018.

The company is expecting capital expenditure in the range of $2.4 billion to $2.5 billion in fiscal 2019.

For the fourth fiscal quarter, Air Products expects adjusted EPS in the range of $2.26 to $2.31.

The company reported adjusted third-quarter net income of $480.9 million, or $2.17 per share, up from $430.7 million, or $1.95 per share, in the year-ago period.