
• Reported GAAP EPS of $3.19 up 141.06% YoY • Reported revenue of $3.17B up 8.76% YoY • Air Products raised its fiscal 2026 full-year adjusted EPS guidance to a range of $13.00 to $13.25 and expects third quarter adjusted EPS guidance of $3.25 to $3.35. Air Products also continues to anticipate capital expenditures of approximately $4.0 billion for fiscal year 2026.
Bullish
Air Products reported strong financial performance with adjusted EPS up 19% and secured key wins in electronics and aerospace. The company also enhanced its helium supply chain resilience.
Bearish
Air Products faced helium pricing headwinds and macroeconomic uncertainty. The Americas operating margin decreased 140 basis points due to higher energy cost pass-through, highlighting ongoing cost pressures.