Air Products and Chemicals (NYSE:APD – Get Free Report) issued its quarterly earnings data on Thursday. The basic materials company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.13, FiscalAI reports. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.The business’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the business earned $3.09 EPS. Air Products and Chemicals updated its FY 2026 guidance to 13.390-13.490 EPS and its Q4 2026 guidance to 3.550-3.650 EPS.
Here are the key takeaways from Air Products and Chemicals’ conference call:
- Raised fiscal 2026 EPS guidance to $13.39–$13.49, implying 11%–12% year-over-year growth, after third-quarter EPS rose 12% to $3.47 and exceeded expectations.
- The traditional industrial gas backlog is approximately $3 billion, with more than $1.5 billion of electronics-related project wins in the past six months; management expects to invest about $1.5 billion annually in these projects.
- Third-quarter operating income increased 9% and margin expanded to 25.6%, supported by onsite volume, new assets, pricing, productivity, and stronger equity-affiliate contributions.
- Air Products recorded a $2.9 billion pre-tax charge after exiting the Louisiana, Casa Grande, and other clean-energy projects, while management is still working to monetize or redeploy related equipment and assets.
- Helium remains an earnings headwind due primarily to lower pricing, and the company continues to face macroeconomic weakness in Europe and parts of Asia; the NEOM project has no expected fiscal 2027 earnings impact but retains longer-term price exposure and commissioning uncertainty.
Air Products and Chemicals Price Performance
Shares of Air Products and Chemicals stock traded up $5.48 on Thursday, reaching $299.75. The stock had a trading volume of 1,599,154 shares, compared to its average volume of 1,360,709. The business’s 50 day moving average is $289.40 and its two-hundred day moving average is $286.38. The company has a current ratio of 1.43, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95. Air Products and Chemicals has a 1 year low of $229.11 and a 1 year high of $314.87. The company has a market cap of $66.75 billion, a P/E ratio of 31.72, a price-to-earnings-growth ratio of 2.66 and a beta of 0.73.
Air Products and Chemicals Dividend Announcement
Trending Headlines about Air Products and Chemicals
Here are the key news stories impacting Air Products and Chemicals this week:
- Positive Sentiment: Adjusted EPS was $3.47, above the $3.34–$3.36 analyst consensus and up from $3.09 a year earlier. Higher on-site volumes, pricing and favorable currency contributed to the outperformance. APD Q3 Earnings Beat on Volume Growth, Sales Miss Estimates
- Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $13.39–$13.49, above the $13.22 consensus, and provided fourth-quarter guidance of $3.55–$3.65, also exceeding estimates. Air Products Reports Fiscal 2026 Third Quarter Results
- Positive Sentiment: Adjusted operating income reached $810 million, while the company highlighted electronics-sector growth through a long-term Taiwan agreement covering air separation units, bulk gas systems and pipelines. Air Products Stock Surges After Strong Profit Growth, Raised Guidance
- Neutral Sentiment: Revenue increased 4.6% year over year to $3.16 billion, but missed the $3.20 billion estimate. The company also expects fiscal 2026 capital expenditures of approximately $3.5 billion. Air Products Earnings Report
- Negative Sentiment: GAAP results showed a $6.47 loss per share and a $2.1 billion operating loss, largely due to charges from business and asset actions. Air Products also abandoned the Louisiana Clean Energy Complex, an Arizona zero-carbon liquid hydrogen facility and other smaller clean-energy projects, which may raise concerns about execution and growth prospects. Air Products Reports Fiscal 2026 Third Quarter Results
Analyst Upgrades and Downgrades
APD has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $315.00 price target on shares of Air Products and Chemicals in a report on Monday, May 4th. BMO Capital Markets upgraded Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $360.00 target price on the stock in a research note on Friday, May 1st. Bank of America upped their target price on Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. increased their price target on Air Products and Chemicals from $310.00 to $330.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Morgan Stanley boosted their price objective on Air Products and Chemicals from $290.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $326.88.
View Our Latest Research Report on Air Products and Chemicals
Insider Activity
In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of Air Products and Chemicals stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $303.76, for a total transaction of $824,404.64. Following the completion of the sale, the chief financial officer directly owned 14,212 shares in the company, valued at $4,317,037.12. The trade was a 16.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.88% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of APD. StoneX Group Inc. raised its holdings in shares of Air Products and Chemicals by 1.3% during the fourth quarter. StoneX Group Inc. now owns 2,787 shares of the basic materials company’s stock valued at $688,000 after acquiring an additional 36 shares in the last quarter. L2 Asset Management LLC boosted its position in shares of Air Products and Chemicals by 4.8% in the 3rd quarter. L2 Asset Management LLC now owns 1,023 shares of the basic materials company’s stock worth $279,000 after purchasing an additional 47 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in shares of Air Products and Chemicals by 12.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 440 shares of the basic materials company’s stock worth $109,000 after acquiring an additional 48 shares during the last quarter. CreativeOne Wealth LLC grew its position in Air Products and Chemicals by 3.4% during the 4th quarter. CreativeOne Wealth LLC now owns 1,692 shares of the basic materials company’s stock valued at $418,000 after purchasing an additional 56 shares during the last quarter. Finally, Transamerica Financial Advisors LLC increased its position in shares of Air Products and Chemicals by 35.4% during the fourth quarter. Transamerica Financial Advisors LLC now owns 218 shares of the basic materials company’s stock valued at $54,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.
Air Products and Chemicals Company Profile
Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.
The company’s product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.
Featured Stories
- Five stocks we like better than Air Products and Chemicals
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Receive News & Ratings for Air Products and Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.
