Air Products fiscal 2026 sales hit $13.0B as adjusted EPS surges 12%

Air Products (NYSE:APD) reported fiscal 2026 adjusted earnings per share of $13.45, up 12% year over year, as annual sales increased 8% to approximately $13 billion.

Fourth-quarter sales rose 12% to $3.556 billion, while adjusted EPS increased 6% to $3.61, compared with $3.39 in the same period last year.

GAAP diluted EPS from continuing operations reached $2.39, compared with a loss of $1.74 a year earlier, while operating income was $23 million against an $877 million operating loss.

Both periods included substantial charges related to project exits, and fiscal 2026 capital expenditure fell $1.8 billion to $3.3 billion.

Air Products forecast fiscal 2027 adjusted EPS of $14.15–$14.50, first-quarter adjusted EPS of $3.35–$3.45 and annual capital expenditure of $3 billion–$3.5 billion.

Air Products supplies industrial gases, related equipment and technical services to customers in energy, chemicals, electronics, metals, manufacturing, food, healthcare and other industries across approximately 50 countries.

The company is expanding its industrial gas project backlog, including more than $2 billion in new electronics business wins, while focusing on hydrogen projects, on-site gas supply and capital discipline as part of its longer-term business strategy.