Air Products swings to $6.47 Q3 loss per share on $2.9 billion project exit charges
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.
Key points
- 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
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 30, 2026.
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.