Air Products Reports Fiscal 2026 Third Quarter Results
Air Products reported fiscal Q3 adjusted EPS of $3.47, a 12% increase from the prior year and above the top-end of guidance, despite a GAAP loss of $6.47 per share driven by $2.9 billion in impairment charges. The company announced a strategic optimization of its portfolio, deciding not to proceed with the Louisiana Clean Energy Complex and discontinuing a liquid hydrogen facility in Arizona.
Key figures
- Eps
- 3.47
- Revenue
- $3.2 billion
- Guidance
- Fiscal 2026 full-year adjusted EPS guidance raised to $13.39 to $13.49; Q4 adjusted EPS guidance $3.55 to $3.65
- Revenue Yoy
- 5%
- Gaap operating loss
- $2.1 billion
- Adjusted operating income
- $810 million
- Business asset action charges
- $2.9 billion pre-tax
- Capital expenditures guidance
- $3.5 billion
AI analysis
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