Air Products — Fiscal 2026 Earnings Summary

Air Products reported fiscal 2026 full-year adjusted earnings per share of $13.45, representing a 12 percent increase over the prior year, while GAAP results included significant charges related to project exits. The company's full-year sales reached $13.0 billion, driven by higher volumes, pricing actions, and favorable currency, with adjusted operating income rising 11 percent to $3.2 billion. Capital expenditures for fiscal 2026 were reduced to $3.3 billion, down $1.8 billion from the previous year, and the company expanded its backlog with over $2.0 billion in new electronics wins. For fiscal 2027, Air Products provided adjusted earnings per share guidance of $14.15 to $14.50 and expects capital expenditures to range between $3.0 billion and $3.5 billion.