By Connor Hart

Air Products and Chemicals logged higher profit and revenue in its fiscal first quarter, boosted in part by higher prices that stemmed from increased energy costs.

The provider of essential industrial gasses and chemicals on Friday posted a profit of $678.2 million, or $3.04 a share, for its three months ended Dec. 31, compared with $617.4 million, or $2.77 a share, a year earlier.

Stripping out certain one-time costs, earnings were $3.16 a share. Analysts surveyed by FactSet had expected adjusted earnings of $3.04 a share.

Revenue climbed 5.8% to $3.1 billion, slightly ahead of the $3.05 billion Wall Street had modeled. The company attributed the increase in part to higher prices, as it was able to pass-through higher energy costs. Volumes were roughly flat.

Chief Executive Officer Eduardo Menezes said the recent quarter marked a solid start to the new fiscal year, and that the company moving forward will continue working to grow earnings, optimize large projects and maintain capital discipline.

For the current quarter, Air Products guided for adjusted earnings of $2.95 to $3.10 a share, compared with the $3.02 a share that analysts modeled.

The Lehigh Valley, Pa., company backed its annual outlook for adjusted earnings of $12.85 to $13.15 a share, compared with Wall Street views for $12.95 a share, as well as capital expenditures of about $4 billion.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

January 30, 2026 06:22 ET (11:22 GMT)

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