Air Products forecasts FY2027 adjusted EPS of $14.15-$14.50
APD•Air Products forecasts fiscal 2027 adjusted EPS of $14.15-$14.50, up 5%-8% from $13.45 a year earlier. It expects capital spending of $3 billion-$3.5 billion, including about $1.5 billion to complete energy transition projects.
1. Fiscal 2027 outlook
Air Products forecasts fiscal 2027 adjusted earnings of $14.15-$14.50 per share, up 5%-8% from $13.45 a year earlier. Adjusted operating income is expected to rise 9%-12%, while higher interest expense and taxes are expected to weigh on earnings. First-quarter fiscal 2027 adjusted EPS is projected at $3.35-$3.45, up 6%-9% year over year.
2. Capital spending
The company expects fiscal 2027 capital spending of $3 billion-$3.5 billion, compared with $3.3 billion in fiscal 2026. About $1.5 billion is earmarked to complete energy transition projects, with fiscal 2027 expected to be the last year of significant spending.
