Air Products Reports Q3 Earnings, Narrows FY25 Guidance

Air Products reported Q3 2025 results with adjusted EPS of $3.09, beating the $2.98 estimate, and sales of $3.02 billion, surpassing the $2.96 billion estimate. The company trimmed its full-year fiscal 2025 adjusted EPS guidance to $11.90 to $12.10. Air Products CEO Eduardo Menezes highlighted solid results, exceeding guidance and last year's performance, excluding the impact of the LNG sale. The company is focused on cost productivity, pricing, operational excellence, and capital discipline.

Title: Air Products Reports Strong Q3 2025 Earnings, Trims Full-Year EPS Guidance

Air Products and Chemicals (APD) reported its fiscal 2025 Q3 earnings on July 31st, 2025, delivering better-than-expected results that exceeded analyst estimates for both EPS and sales. The company's adjusted EPS of $3.09 surpassed the $2.98 estimate, while sales of $3.02 billion exceeded the forecast of $2.96 billion. Air Products maintained its fiscal 2025 adjusted EPS guidance at $11.90 to $12.10, with the midpoint unchanged at $12.

The company's revenue increased by 1.2% to $3.02 billion, driven by a 1% rise in sales compared to the same quarter last year. The on-site segment contributed $1.54 billion, while the merchant segment added $1.34 billion. The sale of equipment also played a significant role, adding $142.90 million to total revenue.

Earnings per share (EPS) rose to $3.20 in Q3 2025 from $3.13 in Q3 2024, reflecting a 2.2% increase. The company's net income grew by 2.0% to $723.20 million from $708.90 million in the same quarter last year, indicating stable financial health.

CEO Eduardo F. Menezes emphasized the company's solid fiscal third-quarter performance, noting that adjusted EPS surpassed guidance. He cited positive base business outcomes despite global heating challenges and outlined a global cost reduction plan expected to yield annual savings of $185 million to $195 million. Menezes expressed confidence in the industrial gas sector, anticipating significant changes through grassroots projects and AI initiatives, while committing to capital discipline and targeting high single-digit adjusted EPS growth through 2030.

Air Products has affirmed its fiscal 2025 adjusted EPS guidance at $11.90 to $12.10, maintaining a midpoint of $12. The company anticipates capital expenditures to remain approximately $5 billion for the year, acknowledging global economic uncertainties yet affirming strong project fundamentals, particularly in hydrogen and electronics.

The stock price of Air Products and Chemicals decreased by 1.59% during the latest trading day, dropped 3.14% over the most recent week, and saw a modest increase of 2.06% month-to-date.

References
[1] https://www.ainvest.com/news/air-products-chemicals-2025-q3-earnings-strong-performance-net-income-grows-2-2508/
[2] https://finance.yahoo.com/news/air-products-trims-earnings-outlook-163220847.html