Air Products Drops 7.04% on Strategic Actions, Net Loss
1min read On May 1, 2025, Air Products and Chemicals reported a significant drop of 7.04% in pre-market trading, reflecting a challenging quarter marked by strategic business and asset actions.
Air Products and Chemicals reported a net loss of $1.7 billion for the second quarter of fiscal 2025, primarily due to a $2.3 billion after-tax charge related to strategic business and asset actions. These actions included the exit of three U.S. projects and other cost reduction measures. The company's adjusted earnings per share (EPS) for the quarter was $2.69, a decrease of six percent from the prior year, driven by lower volumes and higher costs. Despite these challenges, Air Products increased its quarterly dividend to $1.79 per share, marking the 43rd consecutive year of dividend increases.
The company also announced the appointment of Eduardo F. Menezes as the new Chief Executive Officer and member of the Board of Directors, along with Wayne T. Smith and Dennis H. Reilley as Chairman and Vice Chairman, respectively. Additionally, Air Products revised its full-year fiscal 2025 adjusted EPS guidance to a range of $11.85 to $12.15, and expects capital expenditures of approximately $5 billion for the full year.
