Air Products beats Q2 adjusted EPS estimates, raises outlook

Air Products and Chemicals

30/04/2026 11:09

Overview

U.S. industrial gases supplier's fiscal Q2 sales rose 9%, beating analyst expectations

Adjusted EPS for fiscal Q2 increased 19% and beat consensus

Company raised full-year adjusted EPS guidance, citing higher volumes and productivity gains

Outlook

Air Products raises fiscal 2026 full-year adjusted EPS guidance to $13.00-$13.25

Company sees fiscal 2026 third quarter adjusted EPS at $3.25-$3.35

Air Products continues to expect fiscal 2026 capital expenditures of about $4.0 bln

Result Drivers

HIGHER VOLUMES - Co said higher on-site volumes supported sales and profit growth across segments

PRODUCTIVITY IMPROVEMENTS - Productivity actions and lower depreciation reduced costs, aiding profit growth

HELIUM PRICING HEADWIND - Lower helium pricing weighed on results, but was partially offset by pricing improvements in other products

Company press release: ID:nPn9y4Pv3a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$3.20 bln
$3.07 bln (15 Analysts)
Q2 Adjusted EPS
Beat
$3.20
$3.06 (17 Analysts)
Q2 EPS
$3.19
Q2 Net Income
$710.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commodity chemicals peer group is "buy"

Wall Street's median 12-month price target for Air Products and Chemicals Inc is $325.00, about 7.4% above its April 29 closing price of $302.50

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)