---
schema_version: "secwatch.filing_event.v1"
accession: "0000002969-25-000025"
form_type: "8-K"
ticker: "APD"
cik: "0000002969"
company_name: "Air Products & Chemicals, Inc."
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T01:19:44.134518+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Air Products Q2 GAAP loss $1.7B from $2.3B charges; cuts FY25 adj EPS to $11.85-$12.15

## Summary
- GAAP net loss $1.7B ($7.77 diluted loss per share); adjusted EPS $2.69, adjusted EBITDA $1.2B.
- Recorded ~$2.9B in charges ($2.3B after-tax) for exiting three U.S. projects and workforce reductions.
- Appointed Eduardo F. Menezes CEO; Wayne T. Smith Chairman, Dennis H. Reilley Vice Chairman.
- Quarterly dividend increased to $1.79 per share, marking 43rd consecutive annual increase.
- FY2025 adj EPS guidance revised to $11.85-$12.15; Q3 adj EPS $2.90-$3.00; capex ~$5B.

## SEC filing metadata
- accession: 0000002969-25-000025
- form_type: 8-K
- ticker: APD
- cik: 0000002969
- company_name: Air Products & Chemicals, Inc.
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2969/000000296925000025/0000002969-25-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2969/000000296925000025/apd-20250501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000002969-25-000025
- JSON: https://secwatch.observer/filing/0000002969-25-000025.json
- Plain text: https://secwatch.observer/filing/0000002969-25-000025.txt

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