APD Reports FY2026 Adjusted EPS of $13.45, Up 12%; Issues FY2027 Guidance of $14.15–$14.50
· The NYC Memo
Air Products and Chemicals reported fiscal year 2026 full-year sales of $13.0 billion, up 8% year-over-year, with adjusted EPS of $13.45, up 12% year-over-year, and Q4 FY2026 sales of $3.6 billion, up 12%, with Q4 adjusted EPS of $3.61, up 6%. Full-year GAAP EPS was $2.39 compared to a loss of $1.74 in the prior year, with GAAP results impacted by approximately $3.2 billion in business and asset action charges related to exits of the Louisiana clean energy complex, Casa Grande green hydrogen facility, and China coal gasification plants.
The company issued FY2027 full-year adjusted EPS guidance of $14.15–$14.50, representing 5%–8% growth over FY2026, and Q1 FY2027 adjusted EPS guidance of $3.35–$3.45, with capital expenditures expected in the range of $3.0 billion–$3.5 billion.