Air Products & Chemicals Inc

Latest Results (19.10.2025):

Air Products & Chemicals Inc reported its third quarter fiscal 2025 financial results, demonstrating growth in earnings and operating income compared to the prior year. Despite facing challenges such as lower volumes and project exits, the company maintained steady sales and provided optimistic guidance for the remainder of the fiscal year.

GAAP Earnings Growth

In Q3 FY25, Air Products achieved GAAP earnings per share of $3.24, marking a 4% increase from the previous year. GAAP operating income rose by 7% to $791 million, reflecting the company's effective financial management despite various headwinds.

Sales Performance

The company reported third quarter sales of $3.0 billion, a 1% increase year-over-year. This growth was driven by a 3% rise in energy cost pass-through, a 1% increase in pricing, and a 1% favorable currency impact, partially offset by a 4% decline in volumes due to factors like the September 2024 LNG sale and lower global helium demand.

Adjusted Operating Income

On a non-GAAP basis, adjusted operating income for the quarter was $741 million, remaining flat compared to the prior year. This stability was achieved through higher on-site activities, increased non-helium pricing, and reduced costs from enhanced productivity and lower maintenance expenses.

Financial Guidance

Air Products revised its full-year fiscal 2025 adjusted EPS guidance to a range of $11.90 to $12.10. For the fourth quarter, the adjusted EPS guidance is set between $3.27 and $3.47. The company also expects capital expenditures of approximately $5 billion for the full fiscal year, underscoring its commitment to strategic investments.