Education
About Us
Working with TipRanks
Follow Us
Air Products and Chemicals (APD)
NYSE:APD
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.05Last Year’s EPS
2.69Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive operational and financial trajectory: the company delivered double-digit adjusted operating income growth, a 10% EPS increase that beat guidance, margin expansion, continued cash returns to shareholders and active steps to optimize large projects and reduce CapEx. At the same time, several material headwinds and execution risks remain — most notably helium-related pressure, equipment cost overruns, Europe cost inflation, and uncertainty and capital-cost risk around major clean-energy/ammonia projects (including regulatory risk tied to CBAM). Management emphasized capital discipline, project de-risking and partnership formation to mitigate these risks.Company Guidance
Improved Profitability and EPS Growth
Adjusted operating income increased 12% year-over-year; adjusted EPS was $3.16, up 10% YoY and exceeded the top end of guidance; operating margin expanded to 24.4% (up ~140 basis points).
Affirmed Full-Year Guidance and Q2 Outlook
Company reaffirmed fiscal 2026 EPS guidance of $12.85–$13.15 (midpoint implies ~7%–9% improvement) and provided Q2 EPS guidance of $2.95–$3.10 (implying 10%–15% YoY growth for Q2).
Capital Discipline and CapEx Reduction Plan
Management remains focused on capital discipline: expects to reduce capital expenditures by approximately $1 billion in fiscal 2026 and maintained FY26 CapEx guidance at ~ $4 billion while prioritizing de-risking of large projects.
Shareholder Returns and Strong Cash Generation
Returned nearly $400 million to shareholders during the quarter and announced a dividend increase (44th consecutive year of increases); continued generation of strong cash flows from the base business.
Segment-Level Resilience
Americas sales up ~4%; Asia sales up ~2% with Asia operating income up ~7%; Europe sales and operating income also increased (Europe volumes benefited from lapping prior-year turnarounds).
Progress on Strategic Projects and Partnerships
Advanced negotiations with Yara International for low-emission ammonia projects in the U.S. and Saudi Arabia; launched RFPs and discussions for CO2 transport and storage partners to de-risk Louisiana project scope.
Pipeline in High-Growth End Markets
Notable wins and momentum in resilient end markets (refining, electronics, aerospace). Signed multiple NASA liquid hydrogen supply contracts; management estimates ~40%–50% U.S. space market share and expects space-related sales growth of ~6%–7% annually.
Leverage Management and Deconsolidation Plan
Net debt-to-EBITDA was 2.2x this quarter; management reiterated plan to deconsolidate the Neom green hydrogen joint venture once operational (mid-2027), which would reduce consolidated leverage when deconsolidation occurs.
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 |
|---|---|---|---|
Jan 30, 2026 | $256.02 | $272.50 | +6.44% |
Nov 06, 2025 | $235.84 | $256.91 | +8.93% |
Jul 31, 2025 | $286.14 | $283.92 | -0.78% |
May 01, 2025 | $265.66 | $266.71 | +0.40% |
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 Apr 30, 2026, Before Open (Confirmed).
What is Air Products and Chemicals (APD) earnings time?
Air Products and Chemicals (APD) earnings time is at Apr 30, 2026, Before Open (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 2026 (Q2) is 3.05.
