Air Products Q3 adjusted EPS falls 3% to $3.09; GAAP EPS rises 4% to $3.24
Air Products reported fiscal third-quarter 2025 results, with sales of $3.0 billion, up 1%, and GAAP EPS of $3.24, up 4%, while adjusted EPS fell 3% to $3.09. The company revised its fiscal 2025 adjusted EPS guidance to $11.90 to $12.10 and expects capital expenditures of about $5 billion for the year, which gives shareholders an updated outlook for the year's final quarter.
Key points
- Q3 GAAP operating income was $791 million, up 7%, helped by $99 million in pre-tax gains from asset and subsidiary sales.
- Q3 adjusted operating income was flat at $741 million, and adjusted EPS was $3.09, down 3%, as the September 2024 LNG sale and lower helium demand offset cost gains.
- Fiscal 2025 adjusted EPS guidance is revised to $11.90 to $12.10, with fourth-quarter adjusted EPS guidance of $3.27 to $3.47.
- Year-to-date through June 30, 2025, the company recorded $2.95 billion in business and asset action charges, and net loss attributable to Air Products was $399.4 million.
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 July 31, 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.