Air Products Q4 adjusted EPS beats estimates on cost controls

Air Products and Chemicals

06/11/2025 11:11

Overview

Air Products Q4 sales slightly beat analyst expectations

Adjusted EPS for Q4 beats consensus, reflecting operational excellence

Fiscal 2025 results impacted by significant charges related to business and asset actions

Outlook

Air Products expects fiscal 2026 adjusted EPS of $12.85 to $13.15

Company anticipates fiscal 2026 capital expenditures of approximately $4 bln

Air Products forecasts Q1 fiscal 2026 adjusted EPS of $2.95 to $3.10

Result Drivers

VOLUME DECLINE - Lower volumes due to LNG business sale and reduced helium demand impacted results

COST MANAGEMENT - Productivity improvements partially offset higher fixed-cost inflation and depreciation

PROJECT PORTFOLIO RATIONALIZATION - Exited various energy transition projects to focus on core industrial gases

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Slight Beat*
$3.20 bln
$3.18 bln (15 Analysts)
Q4 Adjusted EPS
Beat
$3.39
$3.38 (17 Analysts)
Q4 EPS
$0.02
Q4 NET INCOME
$10.10 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 9 "hold" and 1 "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 26.9% above its November 5 closing price of $237.56

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nPn95BMjZa

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