---
schema_version: "secwatch.filing_event.v1"
accession: "0000002969-25-000012"
form_type: "8-K"
ticker: "APD"
cik: "0000002969"
company_name: "Air Products & Chemicals, Inc."
filed_at: "2025-02-06T23:59:59+00:00"
generated_at: "2026-05-27T01:58:07.730727+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Air Products Q1 GAAP EPS $2.77, Adj. EPS $2.86; maintains FY2025 guidance

## Summary
- GAAP net income $650M (+5% YoY); GAAP net income margin 22.2% (+150 bps YoY).
- Adjusted EBITDA $1.2B (+1%); adjusted EBITDA margin 40.6% (+140 bps).
- Quarterly dividend raised to $1.79/share, marking 43rd consecutive annual increase; expects ~$1.6B returned to shareholders in FY2025.
- FY2025 adjusted EPS guidance maintained at $12.70–$13.00; Q2 guidance $2.75–$2.85.
- FY2025 capital expenditures expected $4.5B–$5.0B.

## SEC filing metadata
- accession: 0000002969-25-000012
- form_type: 8-K
- ticker: APD
- cik: 0000002969
- company_name: Air Products & Chemicals, Inc.
- filed_at: 2025-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2969/000000296925000012/0000002969-25-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2969/000000296925000012/apd-20250206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000002969-25-000012
- JSON: https://secwatch.observer/filing/0000002969-25-000012.json
- Plain text: https://secwatch.observer/filing/0000002969-25-000012.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.