Air Products reported its fiscal 2026 first quarter results, posting sales of USD 3.1 billion, an increase of 6 percent for the three months ended December 31, 2025. GAAP earnings per share $(EPS)$ reached USD 3.04, up 10 percent, while adjusted EPS was USD 3.16, also up 10 percent. GAAP operating income was USD 735 million, representing a 14 percent increase, and adjusted operating income stood at USD 757 million, up 12 percent. Equity affiliates' income was USD 172.2 million. Interest expense for the period was USD 54.5 million. The company maintained its fiscal 2026 full-year adjusted EPS guidance at USD 12.85 to USD 13.15, and expects second quarter adjusted EPS in the range of USD 2.95 to USD 3.10. Capital expenditures for fiscal 2026 are expected to be approximately USD 4.0 billion.

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