Air Products and Chemicals, Inc. ( (APD) ) has released its Q3 earnings. Here is a breakdown of the information Air Products and Chemicals, Inc. presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Air Products and Chemicals, Inc. is a leading industrial gases company that operates globally, providing essential gases and equipment to various industries, including refining, chemicals, and electronics, with a focus on clean hydrogen projects. In its fiscal 2025 third quarter, Air Products reported a GAAP earnings per share (EPS) of $3.24, a 4% increase from the previous year, and a GAAP operating income of $791 million, up 7%. However, the adjusted EPS decreased by 3% to $3.09, with adjusted operating income remaining flat at $741 million. The company revised its full-year adjusted EPS guidance to a range of $11.90 to $12.10 and expects capital expenditures of approximately $5 billion for the fiscal year. Key financial highlights include a 1% increase in sales to $3 billion, driven by higher energy cost pass-through and favorable currency, despite lower volumes due to project exits and reduced helium demand. The company also reported gains from asset sales, offset by costs related to shareholder activism and project exits. Looking ahead, Air Products remains focused on cost productivity, pricing, and operational excellence, with management providing a cautious yet optimistic outlook for the remainder of fiscal 2025.