Global Finance News
30 Jan 2026, 15:46
Air Products reported a strong start to fiscal 2026, exceeding first-quarter guidance as adjusted EPS rose 10% year over year to $3.16, above the top end of expectations. GAAP EPS increased 10% to $3.04, while GAAP operating income climbed 14% to $735 million, supported by favorable pricing, business mix and lower costs.
The company reaffirmed full-year fiscal 2026 adjusted EPS guidance of $12.85–$13.15, set second-quarter adjusted EPS guidance at $2.95–$3.10, and maintained capital expenditure expectations of around $4.0 billion. Recent developments include advanced talks with Yara on low-emission ammonia projects, a dividend increase to $1.81 per share marking the 44th consecutive annual raise, and more than $140 million in NASA hydrogen supply contracts.
The company reaffirmed full-year fiscal 2026 adjusted EPS guidance of $12.85–$13.15, set second-quarter adjusted EPS guidance at $2.95–$3.10, and maintained capital expenditure expectations of around $4.0 billion. Recent developments include advanced talks with Yara on low-emission ammonia projects, a dividend increase to $1.81 per share marking the 44th consecutive annual raise, and more than $140 million in NASA hydrogen supply contracts.
