Air Products reports fiscal 2025 loss on asset charges as adjusted earnings exceed guidance midpoint
Reuters
Yesterday
Air Products reports fiscal 2025 loss on asset charges as adjusted earnings exceed guidance midpoint
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.
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