---
schema_version: "secwatch.filing_event.v1"
accession: "0000002969-25-000051"
form_type: "8-K"
ticker: "APD"
cik: "0000002969"
company_name: "Air Products & Chemicals, Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-17T00:04:06.092924+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000002969-25-000051
- form_type: 8-K
- ticker: APD
- cik: 0000002969
- company_name: Air Products & Chemicals, Inc.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2969/000000296925000051/0000002969-25-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2969/000000296925000051/apd-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000002969-25-000051
- JSON: https://secwatch.observer/filing/0000002969-25-000051.json
- Plain text: https://secwatch.observer/filing/0000002969-25-000051.txt

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