Air Products and Chemicals Inc. reported fiscal 2025 full-year adjusted earnings per share $(EPS)$ of $12.0, exceeding the guidance midpoint. Adjusted operating income reached $2.9 billion. The company posted a GAAP loss per share of $1.7 and an operating loss of $877 million, reflecting significant charges related to business and asset actions. For the fourth quarter of fiscal 2025, sales totaled $3.2 billion, a decrease of 1% from the prior year, with GAAP EPS at $0.02 and operating income of $17 million. The quarter included approximately $795 million in pre-tax charges. Lower sales volumes were partly offset by higher energy cost pass-through and favorable currency effects. The company restored its focus on core industrial gases projects and rationalized its energy transition project portfolio.