Air Products posts $1.7 billion Q2 net loss on $2.3 billion charge for project exits
Air Products reported a fiscal second-quarter net loss of $1.7 billion, or $7.77 per share, after an after-tax charge of $2.3 billion tied to exiting three U.S. projects and other business actions. Excluding that charge, adjusted EPS of $2.69 fell six percent from a year earlier on flat sales of $2.9 billion, and the company revised its fiscal 2025 adjusted EPS guidance to $11.85 to $12.15.
Key points
- Q2 fiscal 2025 GAAP net loss of $1.7 billion and loss per share of $7.77, versus net income of $581 million and EPS of $2.57 a year earlier
- Adjusted EPS of $2.69, down six percent; sales of $2.9 billion, flat versus the prior year
- Fiscal 2025 adjusted EPS guidance revised to $11.85 to $12.15; third-quarter guidance $2.90 to $3.00
- Eduardo F. Menezes named CEO and Board member; quarterly dividend increased to $1.79 per share, the 43rd consecutive annual increase
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 May 01, 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.