Air Products & Chemicals stock soared 5.07% during intraday trading on Friday, following the release of the company's better-than-expected fiscal first-quarter results.

The industrial gases manufacturer reported adjusted earnings per share of $3.16, surpassing analyst estimates of $3.04 to $3.05, and revenue of $3.103 billion, beating expectations of $3.051 billion. The strong performance was attributed to effective pricing strategies and stringent cost controls across its core business, which helped cushion the impact of weak helium demand.

Chief Executive Eduardo Menezes noted that the company delivered solid results despite helium headwinds, focusing on earnings growth and capital discipline. The company also maintained its full-year adjusted EPS guidance of $12.85 to $13.15 and expects second-quarter adjusted EPS between $2.95 and $3.10, with the midpoint aligning with analyst estimates.