Highest-materiality recent filing
GAAP operating income $753M, GAAP EPS $3.19, each up >130% YoY (prior year had charges).
Air Products Q1 adjusted EPS $3.16 beats guidance; maintains FY guide, raises dividend
GAAP EPS $3.04 (+10% YoY); adjusted EPS $3.16 (+10%), above top-end of guidance.
Air Products shareholders elect all 10 directors, approve say-on-pay and auditor ratification
Quorum of 202,627,255 shares (91.03% of entitled) present at Jan 28, 2026 Annual Meeting.
Air Products director Lisa Davis will not stand for re-election at Jan 2026 annual meeting
Director Lisa A. Davis not standing for re-election at Jan 28, 2026 annual meeting; retire from board thereafter.
Air Products FY2025 GAAP loss $1.74/sh, adj EPS $12.03; FY2026 adj EPS guidance $12.85-$13.15
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.
Air Products elects Howard Ungerleider to Board, effective Sept 1, 2025
Howard Ungerleider elected to Air Products Board effective September 1, 2025.
GAAP EPS $3.24 (+4% YoY); GAAP operating income $791M (+7%).
Air Products EVP, General Counsel Sean Major resigns effective July 11, 2025
Sean D. Major resigns as EVP, General Counsel and Secretary, effective July 11, 2025.
Air Products issues $1.1B USD notes and €500M Eurobonds; proceeds for general purposes, CP repayment
$600M 4.300% Senior Notes due 2028 and $500M 4.900% Senior Notes due 2032 issued.
Air Products Q2 GAAP loss $1.7B from $2.3B charges; cuts FY25 adj EPS to $11.85-$12.15
GAAP net loss $1.7B ($7.77 diluted loss per share); adjusted EPS $2.69, adjusted EBITDA $1.2B.
Air Products to exit three U.S. projects, expects pre-tax charge up to $3.1B
Pre-tax charge not to exceed $3.1B in fiscal Q2 2025 for exiting World Energy SAF expansion, Massena green H2, and Texas CO projects.
Air Products issues €1B in new notes to refinance commercial paper and upcoming maturity
€500M 2.95% notes due 2031 and €500M 3.45% notes due 2037 issued.
Air Products Q1 GAAP EPS $2.77, Adj. EPS $2.86; maintains FY2025 guidance
GAAP net income $650M (+5% YoY); GAAP net income margin 22.2% (+150 bps YoY).
Air Products board creates Vice Chairman role, appoints Dennis H. Reilley
Board approved amended and restated Bylaws on Jan 31, 2025, authorizing a Vice Chairman of the Board.
Air Products names Eduardo F. Menezes as CEO effective Feb 7, 2025; Ghasemi departs
Eduardo Menezes appointed CEO effective Feb 7, 2025; succeeds Seifi Ghasemi after 10+ years.
Air Products elects three Mantle Ridge nominees; CEO Ghasemi loses board seat
Mantle Ridge nominees Paul Hilal, Andrew Evans, Dennis Reilley elected; six management nominees also elected.
Air Products Q1 prelim adjusted EPS $2.86 tops $2.75-2.85 guidance; GAAP $2.77
GAAP EPS $2.77; adjusted EPS $2.86 for Q1 FY2025.
Mantle Ridge withdraws five director nominees at Air Products; slates four for 2025 meeting
Mantle Ridge withdrew nominations for David Khani, Thomas Linebarger, Nichelle Maynard-Elliott, Donald Wallette Jr., and J. Steven Whisler.
Air Products nominates two new independent directors; Ho and Paull to retire at 2025 annual meeting
David H.Y. Ho and Matthew H. Paull will retire and not stand for re-election at the 2025 Annual Meeting of Shareholders.
Air Products Q4 GAAP EPS $8.81 (+186% YoY), adj. EPS $3.56; FY2024 adj. EPS $12.43, up 8%
Q4 GAAP EPS $8.81, up 186%; adjusted EPS $3.56, up 13%; net income $2.0B, margin 61.2%.
Air Products completes $1.81B sale of LNG business to Honeywell
Sale of LNG process technology and equipment business to Honeywell for $1.81B in cash.
Air Products Q3 GAAP EPS $3.13 (+17%), adjusted EPS $3.20 (+7%); confirms FY guidance
GAAP net income $709M, EPS $3.13 (+17%); adjusted EPS $3.20 (+7%); EBITDA $1.3B (+5%), margin 42.4% (+260bps).
Air Products COO Samir Serhan resigns effective July 18; to stay until Sep 30
Dr. Samir J. Serhan resigned as COO effective July 18, 2024.
Air Products sells LNG process tech & equipment business to Honeywell for $1.81B cash
Honeywell acquires Air Products' LNG business for $1.81B cash, representing ~13x 2024 estimated EBITDA.
Air Products Q2 GAAP EPS $2.57 (+30%), adj EPS $2.85 (+4%); maintains FY guidance
GAAP EPS $2.57, +30% YoY; net income $581M, +29%; margin 19.8%, +570 bps.
the Company announced that its board of directors named Wayne T. Smith as Chairman and Dennis H. Reilley as Vice Chairman.
Mr. Menezes will also join the Company’s board of directors and will serve on the board’s executive committee.
On February 4, 2025, Air Products and Chemicals, Inc. (the “Company”) announced that Eduardo F. Menezes will succeed Seifollah (“Seifi”) Ghasemi as the Company’s Chief Executive Officer effective February 7, 2025.
Eduardo F. Menezes will succeed Seifollah (“Seifi”) Ghasemi as the Company’s Chief Executive Officer effective February 7, 2025.
the Company announced that its board of directors named Wayne T. Smith as Chairman
On July 18, 2024, Dr. Samir J. Serhan resigned as the Chief Operating Officer of Air Products and Chemicals, Inc. (the “Company”), effective immediately.
Max materiality 0.90 · Median 0.70 · Most common event earnings