Air Products and Chemicals 2025 Q4 Earnings Sharp Net Income Drop of 99.5%

Air Products and Chemicals (APD) reported fiscal 2025 Q4 earnings on Nov 6, 2025, . The results missed Wall Street estimates, . Management provided 2026 guidance aligned with expectations, forecasting adjusted EPS of $12.85–$13.15 and $4 billion in capital expenditures.

Revenue

, with mixed performance across segments. Revenue from the Americas declined to $1.29 billion, , . Europe outperformed, reporting $789.4 million in revenue (+8% YoY), and the Middle East and India segment reached $32 million (+4.9% YoY). Corporate and other revenue plummeted 27.9% to $185.6 million.

Earnings/Net Income

, , . Despite the sharp drop, Air Products has maintained profitability for over two decades in this quarter, reflecting operational resilience. .

Post-Earnings Price Action Review

, . However, . Investors should balance this approach with diversification to mitigate short-term fluctuations.

CEO Commentary

, CEO, emphasized disciplined execution of industrial gas projects, operational excellence, and cost management. He highlighted a focus on high-return projects, customer relationships, and organizational optimization, expressing confidence in margin improvement and shareholder value creation.

Guidance

For fiscal 2026, . , reflecting investments in high-return projects and operational efficiency.

Additional News

, targeting high-return industrial gas projects. The CEO emphasized strategic priorities, including disciplined capital allocation and organizational right-sizing. Analysts noted mixed sentiment, , reflecting cautious optimism amid sector challenges.