Air Products Q4 sales beat estimates on higher volumes, pricing
APD•Air Products’ fourth-quarter sales rose 12% year over year to $3.56 billion, above the $3.33 billion estimate, while adjusted EPS of $3.61 matched expectations. The company expects fiscal 2027 adjusted EPS of $14.15 to $14.50 and capital spending of $3.0 billion to $3.5 billion.
1. Quarterly results
Air Products reported fourth-quarter sales of $3.56 billion, up 12% year over year and above analyst estimates of $3.33 billion. Adjusted EPS was $3.61, in line with expectations; reported EPS was $2.62 and net income was $556.50 million.
2. Volumes and costs
The company said higher volumes and pricing contributed to sales growth, with higher on-site volumes, a significant asset sale in the Americas and new asset contributions supporting results. Increased costs weighed on operating margin.
3. Fiscal 2027 outlook
Air Products expects fiscal 2027 adjusted EPS of $14.15 to $14.50, first-quarter 2027 adjusted EPS of $3.35 to $3.45, and fiscal 2027 capital expenditures of $3.0 billion to $3.5 billion.
