Air Products FY2025 GAAP loss $1.74/sh, adj EPS $12.03; FY2026 adj EPS guidance $12.85-$13.15

Air Products & Chemicals, Inc.

2025-FY EPS reported -$1.77 revenue$12,037,300,000

FY2025 GAAP loss per share $1.74 includes $3.7B pre-tax charges; prior-year GAAP EPS $17.24 included $1.6B LNG sale gain.
Adjusted EPS $12.03 for FY2025 and $3.39 for Q4 both exceeded guidance midpoint; adjusted operating income $2.9B and $812M respectively.
FY2026 adjusted EPS guidance $12.85-$13.15; Q1 guidance $2.95-$3.10; capex expected ~$4B.
Company rationalized energy transition project portfolio and restored focus on core industrial gases.
Core business strength driven by pricing, operational excellence, and disciplined cost management.

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