Air Products Exceeds Q1 Guidance with Strong Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 30 2026
0mins
Should l Buy APD?
Source: PRnewswire
- Significant Revenue Growth: Air Products reported GAAP operating income of $735 million for Q1 FY26, a 14% increase year-over-year, primarily driven by favorable business mix and non-helium pricing, showcasing the company's robust market performance.
- Improved Adjusted Earnings: The first quarter adjusted operating income reached $757 million, up 12% from the previous year, with an adjusted operating margin of 24.4%, indicating substantial progress in optimizing large projects and maintaining capital discipline.
- Steady Sales Increase: Q1 sales totaled $3.1 billion, reflecting a 6% year-over-year growth, with a 3% increase from energy cost pass-through and a 2% favorable currency impact, demonstrating effective pricing strategies and market demand management.
- Optimistic Future Outlook: The company expects full-year FY26 adjusted EPS guidance in the range of $12.85 to $13.15, reflecting confidence in future earnings growth, while planning approximately $4.0 billion in capital expenditures for the year, indicating ongoing investment in growth opportunities.
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Analyst Views on APD
Wall Street analysts forecast APD stock price to fall
15 Analyst Rating
6 Buy
9 Hold
0 Sell
Moderate Buy
Current: 291.500
Low
245.00
Averages
283.00
High
345.00
Current: 291.500
Low
245.00
Averages
283.00
High
345.00
About APD
Air Products and Chemicals, Inc. is an industrial gases company. The Company is focused on serving energy, environmental, and emerging markets. Its base business provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, and food. The Company also develops, engineers, builds, owns and operates clean hydrogen projects supporting the transition to low- and zero-carbon energy in the heavy-duty transportation and industrial sectors. In addition, the Company provides turbomachinery, membrane systems and cryogenic containers globally. The Company has operations in approximately 50 countries. Its industries include aerospace, analytical labs & research/science, automotive, beverages, bioenergy, biotechnology, cement and lime, chemicals, electronics, food, glass and frit, hydrogen energy, medical, metals and materials processing, metals production, medical and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Sustained Shareholder Returns: The company announced a dividend increase, marking the 44th consecutive year of raising dividends, reflecting its commitment to shareholder returns while returning nearly $400 million in cash to shareholders in the quarter.
- Stable Outlook: Despite ongoing helium demand pressures, management maintained its fiscal year EPS guidance of $12.85 to $13.15, anticipating growth primarily through pricing actions and productivity improvements.
See More
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See More
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