Overview
Industrial gases firm's fiscal Q1 revenue rose 6%, beating analyst expectations
Adjusted EPS for fiscal Q1 beat analyst expectations, rising 10% yr/yr
Company announced advanced negotiations for low emission ammonia projects
Outlook
Air Products maintains fiscal 2026 full-year adjusted EPS guidance of $12.85 to $13.15
Company expects fiscal 2026 second quarter adjusted EPS of $2.95 to $3.10
Air Products anticipates fiscal 2026 capital expenditures of approximately $4.0 bln
Result Drivers
FAVORABLE BUSINESS MIX - Operating income rose due to a favorable business mix and improved non-helium pricing, despite helium headwinds
PRODUCTIVITY IMPROVEMENTS - Cost reductions from productivity improvements contributed to lower overall costs, aiding operating income
REGIONAL PERFORMANCE - Europe saw a 20% increase in operating income due to favorable volumes, pricing, and currency, despite higher depreciation
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales | Beat | $3.10 bln | $3.05 bln (15 Analysts) |
Q1 Adjusted EPS | Beat | $3.16 | $3.05 (17 Analysts) |
Q1 EPS | $3.04 | ||
Q1 Net Income | $678.20 mln |
Press Release: ID:nPn7W8pCHa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)