Air Products Surges to 77th Most Traded Stock with $988 Million Turnover Amid Financial Challenges

On May 1, 2025, Air Products (APD) experienced a significant surge in trading volume, with a turnover of $988 million, marking a 42.65% increase from the previous day. This surge positioned Air Products as the 77th most traded stock on the market that day.

Air Products reported its fiscal 2025 second-quarter results, revealing a GAAP loss per share of $7.77 and a net loss of $1.7 billion. This financial setback was primarily due to a $2.3 billion after-tax charge related to strategic business and asset actions, including project cancellations and cost reduction measures. The company's adjusted earnings per share (EPS) stood at $2.69, reflecting a 6% decrease from the prior year, driven by lower volumes and higher costs, partially offset by favorable pricing.

During the quarter, Air Products appointed Eduardo F. Menezes as the new Chief Executive Officer and member of the Board of Directors. Additionally, the company increased its quarterly dividend to $1.79 per share, marking the 43rd consecutive year of dividend increases. Air Products also announced the exit of three U.S. projects, including the World Energy Sustainable Aviation Fuel expansion project in paramount, California, and the green liquid hydrogen project in Massena, New York. These strategic initiatives, along with workforce actions under the Company's global cost reduction plan, resulted in charges of approximately $2.9 billion.

Looking ahead, Air Products revised its fiscal 2025 full-year adjusted EPS guidance to a range of $11.85 to $12.15, with third-quarter adjusted EPS guidance set at $2.90 to $3.00. The company expects capital expenditures of approximately $5 billion for the full fiscal year 2025.