Air Products & Chemicals Plunges 6.29% on $1.73B Q2 Loss

On May 1, 2025, Air Products and Chemicals experienced a significant drop of 6.29% in pre-market trading, reflecting a challenging period for the company.

Air Products and Chemicals reported a fiscal second-quarter loss of $1.73 billion, a stark contrast to the profit recorded in the same period last year. This loss was driven by a loss per share of $7.77 and a net loss of $1.7 billion, highlighting the company's financial struggles during this quarter.

The company has also revised its fiscal year 2025 adjusted earnings per share (EPS) range to $11.85 - $12.15, indicating a cautious outlook for the remainder of the year. This adjustment comes as Air Products continues to invest approximately $1.5 billion annually in lower-risk projects with offtake and high-quality customers, aiming to stabilize its financial performance.

Despite these challenges, Air Products anticipates productivity gains of at least $75 million in fiscal 2025. The company is focused on improving pricing strategies to mitigate the impact of the inflationary environment, demonstrating its commitment to navigating through these difficult times.