Air Products Q1 GAAP EPS rises 1% to $2.77; fiscal 2025 guidance maintained
Air Products reported fiscal first-quarter 2025 results with GAAP EPS of $2.77, up 1%, and GAAP net income of $650 million, up 5%. The company kept its full-year fiscal 2025 adjusted EPS guidance of $12.70 to $13.00 and raised its quarterly dividend to $1.79 per share, while sales fell 2% to $2.9 billion.
Key points
- GAAP net income of $650 million, up 5%; GAAP net income margin of 22.2%, up 150 basis points
- Adjusted EPS of $2.86, up 1%; adjusted EBITDA of $1.2 billion, up 1%
- First-quarter sales of $2.9 billion, down 2% from the prior year, with volumes down 2%
- Fiscal 2025 adjusted EPS guidance of $12.70 to $13.00 maintained; second-quarter guidance of $2.75 to $2.85
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 06, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.