Air Products shares rise 5.66% premarket after setting fiscal 2026 adjusted EPS guidance of $12.85–$13.15.

Air Products and Chemicals (APD) surged 5.66% in premarket trading following the release of its fiscal 2025 Q4 results, which included a revised adjusted EPS of $12.03—exceeding guidance—and updated FY2026 adjusted EPS guidance of $12.85–$13.15. Despite a GAAP operating loss of $877 million due to $3.7 billion in pre-tax charges from restructuring, the company highlighted operational resilience through disciplined cost management and strong core performance. The adjusted EPS of $3.39 for Q4, though down 3% year-over-year, surpassed analyst estimates, and the capital allocation strategy for high-return projects bolstered investor confidence. The premarket rally reflects optimism over the company’s strategic focus on core growth areas and improved guidance, offsetting concerns over GAAP losses driven by non-recurring charges.