Nov 5, 6:16 AM ET
Air Products & Chemicals reported fiscal 2026 full-year sales of $13.0 billion, up eight percent, alongside an adjusted EPS of $13.45. For fiscal 2027, the company expects adjusted EPS between $14.15 and $14.50 and capital expenditures of $3.0 billion to $3.5 billion.
- Fiscal 2026 full-year sales reached $13.0 billion, increasing eight percent compared to the prior year.
- Adjusted EPS for fiscal 2026 rose 12 percent to $13.45, exceeding the guidance midpoint.
- Fiscal 2027 full-year adjusted EPS guidance was set in the range of $14.15 to $14.50.
- Fiscal 2027 capital expenditures are projected to be between $3.0 billion and $3.5 billion.
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Jul 30, 6:58 AM ET
Air Products reported fiscal third-quarter 2026 GAAP results that include a $1,440.8 million net loss attributable to the company, driven by about $2.9 billion of pre-tax charges tied to project exits announced June 30, 2026. On a non-GAAP basis, adjusted EPS rose 12 percent to $3.47 and the company raised its full-year fiscal 2026 adjusted EPS guidance, which matters to shareholders because it signals stronger underlying earnings even as reported results turned sharply negative.
- GAAP loss per share was $6.47 versus earnings of $3.24 per share a year earlier; sales rose 5 percent to $3.2 billion
- Adjusted EPS of $3.47 rose 12 percent; adjusted operating income of $810 million rose 9 percent
- Full-year fiscal 2026 adjusted EPS guidance raised to $13.39 to $13.49; fourth-quarter guidance is $3.55 to $3.65
- Company will not proceed with the Louisiana Clean Energy Complex, discontinued the Casa Grande, Arizona hydrogen facility, and expects capital expenditures of about $3.5 billion for fiscal 2026
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Jun 30, 8:08 AM ET
Air Products said it will exit its Louisiana Clean Energy Complex and its Casa Grande, Arizona green hydrogen project, along with other smaller clean energy projects. The company expects a pre-tax charge of up to $2.9 billion ($2.2 billion after tax) in its fiscal 2026 third quarter, which will weigh on reported results for shareholders.
- Pre-tax charge of up to $2.9 billion, or $2.2 billion after tax, expected in fiscal 2026 third quarter
- Cash expenditures related to the charges are estimated not to exceed $925 million, based on contractual terms
- Louisiana exit followed a review; the company said expected returns did not meet its return criteria
- Further charge details will be provided in the Form 10-Q for the period ending June 30, 2026
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Apr 30, 6:50 AM ET
Air Products reported fiscal second-quarter 2026 results on April 30, 2026, with adjusted EPS of $3.20, up 19% from a year earlier, and sales of $3.2 billion, up 9%. The company raised its full-year fiscal 2026 adjusted EPS guidance to $13.00 to $13.25, which suggests higher expected profit for shareholders, though the company said it remains cautious about the macroeconomic environment.
- Q2 fiscal 2026 GAAP EPS was $3.19, compared with a loss of $7.77 a year earlier, which included about $2.9 billion in business and asset action charges.
- Adjusted operating income was $753 million, up 19%, and adjusted operating margin was 23.7%, up from 21.6%.
- Q3 fiscal 2026 adjusted EPS guidance is $3.25 to $3.35; full-year capital expenditure expectation of about $4.0 billion is unchanged.
- Samsung selected Air Products to build, own and operate production facilities and a bulk specialty gas supply system for a new semiconductor fab in South Korea.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
