Air Products Q3 FY26 adjusted EPS rises 12% to $3.47; sales increase 5% to $3.2 billion
APD•Guidance and project changes
Air Products raised full-year fiscal 2026 non-GAAP adjusted EPS guidance to USD 13.39-USD 13.49, with fourth-quarter guidance of USD 3.55-USD 3.65.
Capital expenditures outlook for fiscal 2026 shifted to about USD 3.5 billion, alongside a plan to stop the Louisiana Clean Energy Complex and an Arizona liquid hydrogen project.
Commercial update and outlook
Air Products signed a marketing and distribution agreement with Yara for renewable ammonia from the NEOM Green Hydrogen Project, while highlighting continued discipline amid macro volatility.
Quarterly results and margin pressure
Air Products posted a GAAP operating loss of USD 2.1 billion with a GAAP loss per share of USD 6.47, driven by USD 2.9 billion in pre-tax project exit charges.
Sales rose 5% to USD 3.2 billion, while non-GAAP adjusted EPS increased 12% to USD 3.47 and adjusted operating income climbed 9% to USD 810 million.
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