Nov. 6, 2025
— Jeff Ward, Lehigh Valley News Briefs
Shares in Air Products rose after the industrial-gas company reported fourth-quarter earnings.
The adjusted earnings per share of $3.39 fell short of the consensus estimate of $3.41 from Zacks Investment Research, but investors liked the report enough to send the shares up $22.10 to $259.66 as of 9:50 a.m.
The Upper Macungie Township-based company also reported fourth-quarter revenue of $3.2 billion, in line with estimates.
“As we move through fiscal 2026, we remain focused on high-return industrial gas projects … ” Chief Executive Eduardo Menezes said in the earnings statement.
Menezes took over the company in February after activist investors forced out Seifi Ghasemi. The boardroom battle focused on Ghasemi’s moves to serve the clean-energy market by producing hydrogen.
His opponents sought to focus the company on serving its traditional industrial-gas markets.
Even after today’s increase, the shares (NYSE:APD) remain short of their 52-week high of $341.14, and the stock hasn’t done much for years.
On a GAAP (Generally Accepted Accounting Principles) basis, Air Products earned 2 cents per share in the fourth quarter. GAAP does not allow for adjustments for items the company considers to be one-time or unusual, such as writing off investments in abandoned projects.
For fiscal 2026, Air Products forecasts adjusted earnings per share of $12.85 to $13.15, and adjusted EPS of $2.95 to $3.10 in the first quarter. Capital expenditures are estimated at $4 billion in fiscal 2026.
Lehigh Valley News Briefs 