Air Products reports Q2 adjusted EPS $3.20, consensus $3.06

Reports Q2 revenue $3.17B, consensus $3.07B. Commenting on the results, CEO Eduardo Menezes said, “Despite macroeconomic volatility, Air Products (APD) delivered 19% growth in adjusted EPS and adjusted operating income improvement across segments. We saw higher on-site volumes and made continued progress on productivity and pricing. We also took actions to strengthen helium supply chain resilience for customers, including drawing from our U.S. storage cavern, increasing U.S. liquefaction, and optimizing our logistics network and container fleet. Looking ahead, we remain focused on our key priorities-unlocking earnings growth, optimizing large projects and maintaining capital discipline.”