Air Products beats Q1 revenue, profit estimates

Reuters
Jan 30
Air Products beats Q1 revenue, profit estimates

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)

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