Air Products expects full-year EPS of $14.15 to $14.50, up 5% to 8%, and CapEx of $3 to $3.5 billion, while its industrial gas backlog reached $3.3 billion.
APD · Air Products & Chemicals, Inc.
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Air Products and Chemicals, Inc. reported fiscal 2026 adjusted EPS of $13.45, up 12 percent, and sales of $13.0 billion. It guided to fiscal 2027 adjusted EPS of $14.15 to $14.50 and capital expenditures of $3.0 billion to $3.5 billion.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q4 FY26 earnings call · Nov 5, 2026TL;DR. Fiscal 2026 delivered 8% sales growth, 11% adjusted operating income growth and 12% adjusted EPS growth, while cost actions produced approximately $95 million of savings and headcount fell 15% from the FY24 peak. Fiscal 2027 guidance calls for 5%-8% adjusted EPS growth and sizable margin improvement, but results face project-exit charges, cost inflation, helium pressure and fourth-quarter margin contraction.
- + The industrial gas backlog expanded to approximately $3.3 billion, including over $2 billion of electronics project wins in the last 12 months.
- + Management expects sizable fiscal 2027 margin improvement from new asset contributions, base volume, price-over-cost recovery, and productivity. new
- + Fiscal 2026 cost-reduction actions delivered approximately $95 million of savings and reduced headcount by 15% from the FY24 peak. new
- − Fiscal 2026 included approximately $3.2 billion of pre-tax business and asset action charges, primarily related to project exits. new
- − Fiscal 2027 results face a 2% non-operating headwind from higher interest expense and a higher tax rate of 19%. new
- − Inflation and incentive compensation increased fiscal 2026 costs, while helium created a 3% headwind. new
- − Helium is expected to remain a first-quarter fiscal 2027 headwind because of lower pricing on a strategic-customer contract renewal. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Mentioned in fund letters
Equibles Rating
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted effective tax rate non-GAAP | 18.6% | Three Months Ended 30 June 2026 filing | — |
| Adjusted EPS non-GAAP | $3.47 | Q3 FY2026 | — |
| Adjusted operating income non-GAAP | $810M | Q3 FY2026 | — |
GAAP → non-GAAP reconciliationGAAP Operating Income/Loss -2.1B
+2.91B Business and asset actions
+0M Non-service pension cost, net
= Adjusted Operating Income 810.3M
|
|||
| Adjusted operating margin non-GAAP | 25.6% | Q3 FY2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Specialty Chemicals — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
APD
this stock
Air Products & Chemicals, Inc.
|
$70.49B | +28.1% | -0.5% | — | 2.1% |
|
LIN
Linde PLC
|
$241.51B | +23.4% | +3.0% | 34.9 | 1.4% |
|
AIQUF
L Air Liquide SA
|
$137.11B | +14.4% | — | — | 0.0% |
|
ECL
Ecolab Inc.
|
$86.74B | +17.8% | +2.2% | 42.1 | 1.5% |
|
SHW
Sherwin Williams Co
|
$84.53B | +8.0% | +2.1% | 32.2 | 2.5% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Amount
- $1.0K–$15.0K
- Traded
- Jul 30, 2026
- Filed
- Nov 5, 2026
- This year
- 9
Air Products and Chemicals, Inc. reported fiscal 2026 adjusted EPS of $13.45, up 12 percent, and sales of $13.0 billion. It guided to fiscal 2027 adjusted EPS of $14.15 to $14.50 and capital expenditures of $3.0 billion to $3.5 billion.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| APD | +3.8% | +5.7% | +9.3% | +0.0% | +28.1% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +1.2% | +6.8% | +8.8% | +0.2% | +17.5% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.