Air Products and Chemicals, Inc. APD logged first-quarter fiscal 2026 (ended Dec. 31, 2025) earnings of $3.04 per share, up from $2.77 recorded in the year-ago quarter. The growth was due to a favorable mix and lower costs related to productivity improvement and reduced maintenance.
Barring one-time items, earnings per share were $3.16, up from $2.86 a year ago. It beat the Zacks Consensus Estimate of $3.04.
The industrial gases giant generated revenues of $3,102.5 million, up around 5.8% year over year. The figure surpassed the Zacks Consensus Estimate of $3,044.8 million. Sales rose due to higher prices, favorable currency impacts and higher energy cost pass-through. Volumes were flat in the quarter.
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
Air Products’ Segment Highlights
Revenues in the Americas segment were up 4.2% year over year to $1,341.7 million. The figure beat the Zacks Consensus Estimate of $1,332 million. The upside is attributed to higher energy cost pass-through and favorable pricing, which was partially offset by lower volumes.
Revenues in the Europe segment increased 12.2% year over year to $782 million. Sales increased due to higher pricing, volumes and favorable currency, which more than offset lower energy cost pass-through. It also beat the Zacks Consensus Estimate of $746 million.
Revenues in the Asia segment rose 1.8% year over year to $831.5 million. The growth was driven by higher energy cost pass-through and favorable currency exchange impacts, but offset by lower pricing. The figure outperformed the Zacks Consensus Estimate of $811 million.
APD’s Financials
Air Products ended the fiscal first quarter with cash and cash equivalents of around $1,026.4 million, down around 44% year over year. Long-term debt was $17,114.6 million, up roughly 30% year over year.
APD’s Outlook
The company expects adjusted earnings per share for fiscal 2026 in a range of $12.85 to $13.15. For the second quarter of fiscal 2026, adjusted earnings are projected to be between $2.95 and $3.10. Additionally, capital expenditures for the full fiscal year are expected to be around $4 billion.
APD’s Price Performance
The company’s shares have lost 23.6% in the past year compared with the Zacks Chemicals Diversified industry’s 22.2% decline.
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APD’s Zacks Rank & Key Picks
APD currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks worth a look in the basic materials space include Albemarle Corporation ALB, Coeur Mining, Inc. CDE and Avino Silver & Gold Mines Ltd. ASM.
Albemarle is slated to report fourth-quarter results on Feb. 11. The Zacks Consensus Estimate for earnings is pegged at a loss of 53 cents. ALB beat the Zacks Consensus Estimate in three of the last four quarters while missing it in one, with the average earnings surprise being 35.28%. ALB sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Coeur is scheduled to report fourth-quarter results on Feb. 18. The Zacks Consensus Estimate for CDE’s fourth-quarter earnings is pegged at 33 cents. CDE beat the Zacks Consensus Estimate in three of the last two quarters and missed once, with the average earnings surprise being 106.61%. CDE currently sports a Zacks Rank #1.
Avino Silver is slated to report fourth-quarter results on March 11. The consensus estimate for ASM’s earnings is pegged at 6 cents. ASM, carrying a Zacks Rank #2 (Buy), beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 150%.
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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.
