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Air Products and Chemicals (APD)
NYSE:APD
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
3Last Year’s EPS
3.2Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: -0.68%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Air Products' strong core business and strategic refocus on traditional industrial gases, while addressing significant challenges with underperforming projects, cost overruns, and lower earnings guidance. Efforts to improve productivity and reduce costs are underway, but financial impacts from project issues and cancellations weigh heavily.Company Guidance
In the recent earnings call, Air Products' leadership provided detailed guidance, emphasizing a strategic refocus on its core industrial gas business to enhance profitability and efficiency. The company aims to achieve an adjusted operating margin of over 20% for the fiscal year 2025, with expectations of double-digit adjusted return on capital employed (ROCE) and earnings per share (EPS) of around $12. Significant capital discipline is planned, with annual investment in core industrial gas projects projected at approximately $1.5 billion. Air Products also outlined its cautious optimism regarding large projects in Saudi Arabia and Louisiana, emphasizing that progress will rely on securing firm offtake agreements. The CEO highlighted ongoing efforts to address underperforming projects, with a focus on aligning future investments with high-return thresholds. By 2030, the company aims to achieve a 30% adjusted operating margin, mid to high-teens adjusted ROCE, and greater than 10% compounded EPS growth. Additionally, efforts to rightsize the organization include planned headcount reductions to return to 2018 levels, adjusted for growth, and improve productivity by $100 million annually.Strong Core Industrial Gas Business
Air Products' core industrial gas business, including on-site projects and merchant business, has about $12 billion in sales and an operating margin of 24%. The company sees potential for margin improvement and significant value unlocking through disciplined cost, productivity, pricing, and operational excellence.
Progress on Saudi Arabia Green Project
The Saudi Green project is progressing well, with 4 GW of solar and wind power generation expected to be completed by mid-2026 and commissioning of electrolyzers and ammonia production to follow. Product availability is expected in 2027.
Refocusing on Core Business
Air Products plans to return to its core industrial gas business model, investing about $1.5 billion per year in core industrial gas projects, focusing on high-return opportunities.
Cost Reduction and Productivity Improvement Plan
Air Products plans to reduce its headcount by 1,300 positions, with an additional 2,500 to 3,000 reductions planned between 2026 and 2028, aiming to align with 2018 levels adjusted for growth.
APD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
APD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2025 | $271.09 | $272.16 | +0.39% |
Feb 06, 2025 | $331.13 | $326.14 | -1.51% |
Nov 07, 2024 | $303.01 | $309.02 | +1.98% |
Aug 01, 2024 | $259.10 | $282.29 | +8.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Air Products and Chemicals (APD) report earnings?
Air Products and Chemicals (APD) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Air Products and Chemicals (APD) earnings time?
Air Products and Chemicals (APD) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is APD EPS forecast?
APD EPS forecast for the fiscal quarter 2025 (Q3) is 3.
