Air Products fourth-quarter income matches expectations

Investing.com - Air Products has posted fiscal fourth-quarter sales of $3.17 billion, meeting Bloomberg consensus estimates, as weak industrial gas sales in its Americas region were offset by demand in international markets.

Adjusted earnings per share stood at $3.39 for the quarter and $12.03 a piece for the year as a whole.

Annual sales dipped by 1% to $12 billion, with the company saying higher energy cost pass-through to customers and increased pricing mostly offset a 4% decrease in volumes linked to a 2024 sale of a LNG business.

For its 2026 fiscal period, the company said it expects to report adjusted per-share income of $12.85 to $13.15.

"As we move through fiscal 2026, we remain focused on high-return industrial gas projects with strong customer relationships, disciplined capital allocation, operational excellence and productivity, and right-sizing the organization to fit our project needs," said CEO Eduardo Menezes in a statement. "With this focus, we have a solid roadmap for improving operating margins and unlocking significant value for our shareholders."

Shares of the industrial gas manufacturer were higher by more than 3% in premarket U.S. trading on Thursday.

Earlier in 2025, Air Products lost a proxy fight with activist investor Mantle Ridge, who had been pushing the firm to replace its 80-year old chief executive. The dispute came as the group was already grappling with pressure from high inventory levels and potentially more tepid demand in areas like China and Europe.

You May Also Be Interested In

• Is the global equity rally broadening? UBS weighs in
• Intchains Group Ltd (ICG) PT Lowered to $2 at Benchmark Following 1H Results
• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics