Air Products and Chemicals, Inc. APD logged third-quarter fiscal 2025 (ended June 30, 2025) earnings from continuing operations of $3.24 per share, up from $3.13 recorded in the year-ago quarter.
Barring one-time items, earnings per share were $3.09, down from $3.20 a year ago. It beat the Zacks Consensus Estimate of $2.98.
The industrial gases giant generated revenues of $3,022.7 million, up around 1.2% year over year. The figure beat the Zacks Consensus Estimate of $3,017.2 million. The upside was due to higher energy cost pass-through, higher pricing and favorable currency, which were partially offset by lower volumes.
Air Products and Chemicals, Inc. Price, Consensus and EPS Surprise
Air Products and Chemicals, Inc. price-consensus-eps-surprise-chart | Air Products and Chemicals, Inc. Quote
APD’s Segment Highlights
Revenues in the Americas segment were up 2.1% year over year to $1,261 million. The figure missed the Zacks Consensus Estimate of $1,329.6 million. The upside is attributed to higher energy cost-pass through and higher pricing, partly offset by lower volumes.
Revenues in the Europe segment increased 11.1% year over year to $770.5 million. Sales increased due to favorable currency, higher volumes, higher pricing and higher energy cost pass-through. It beat the Zacks Consensus Estimate of $747.6 million.
Revenues in the Asia segment rose 2.6% year over year to $810 million. The increase is driven by higher volumes, greater energy cost pass-through and favorable currency exchange impacts. However, it was partly offset by lower pricing after accounting for power and fuel expenses. The figure topped the Zacks Consensus Estimate of $801.3 million.
APD’s Financials
Air Products ended the fiscal third quarter with cash and cash equivalents of around $2,324.3 million. Long-term debt was $16,411.7 million.
APD’s Outlook
The company has updated its full-year adjusted earnings per share guidance for fiscal 2025 to a range of $11.90 to $12.10. For the fourth quarter of fiscal 2025, adjusted EPS is projected to be between $3.27 and $3.47. Additionally, capital expenditures for the full fiscal year are expected to be around $5 billion.
APD’s Price Performance
The company’s shares have gained 9.9% in the past year compared with an 25% decline of the industry.
Image Source: Zacks Investment Research
APD’s Zacks Rank & Key Picks
APD currently carries a Zacks Rank #4 (Sell).
Better-ranked stocks worth a look in the basic materials space include Royal Gold, Inc. RGLD, Avino Silver & Gold Mines Ltd. ASM and Barrick Mining Corporation B.
Royal Gold is slated to report second-quarter results on Aug 6. The Zacks Consensus Estimate for earnings is pegged at $1.70. RGLD beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 9%. RGLD carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Avino Silver is scheduled to report second-quarter results on Aug 13. The Zacks Consensus Estimate for ASM’s second-quarter earnings is pegged at 3 cents. ASM beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 104.2%. ASM currently carries a Zacks Rank #1.
Barrick Mining is slated to report second-quarter results on Aug 11. The consensus estimate for Barrick’s earnings is pegged at 47 cents. Barrick, carrying a Zacks Rank #1, beat the consensus estimate in three of the last four quarters, with the average earnings surprise being 12.5%.
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
