Air Products and Chemicals Q1 Earnings Call Highlights

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Fri, January 30, 2026 astatine 9:13 AM CST 9 min read

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Air Products delivered a "solid start" to fiscal 2026 with adjusted operating income up 12% year‑over‑year, adjusted EPS of $3.16 (+10%) and a 24.4% operating margin, driven by productivity and non‑helium pricing portion helium remains a ~4% EPS headwind for the year.
Management reaffirmed full‑year EPS guidance ($12.85–$13.15) and prioritized unlocking net growth, optimizing ample projects and superior discipline, including reducing fiscal 2026 CapEx by astir $1 cardinal to astir $4 billion, portion the committee approved different dividend summation and the institution returned astir $400 cardinal this quarter.
Air Products is successful precocious talks with Yara connected low‑emission ammonia deals (Saudi selling statement expected H1‑2026) and is imposing a “high bar” for the Louisiana task — requiring a CCS partner, reliable capital‑cost estimates and favorable returns (including imaginable U.S. 45Q credits); the institution besides plans to deconsolidate the NEOM JV erstwhile operational (mid‑2027), which volition region related indebtedness from its equilibrium sheet.
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Air Products and Chemicals (NYSE:APD) reported first-quarter fiscal 2026 results that absorption described arsenic a “solid start” to the year, driven by productivity and pricing actions crossed the company’s halfway concern gases business. On the net call, CEO Eduardo Menezes said the institution delivered a 12% year-over-year betterment successful adjusted operating income, with adjusted net per stock of $3.16 rising 10% versus the anterior year. Adjusted operating borderline accrued to 24.4%.

Menezes said helium has present been successful the CEO relation for a afloat twelvemonth and highlighted actions taken to “refocus connected the halfway concern state business,” including task cancellations, headcount optimization, and plus rationalization. While helium noted “weak economical conditions” and a sluggish macro environment, helium said the institution is seeing “pockets of resilience” successful refining, electronics, and aerospace. Menezes pointed to recently announced NASA proviso contracts for liquid hydrogen arsenic 1 example.

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CFO Melissa Schaeffer said first-quarter income measurement was level arsenic favorable on-site volumes were offset by little helium, including the lack of a sizable, non-recurring helium merchantability successful the Americas successful the prior-year quarter. She said pricing improved connected non-helium merchant products, peculiarly successful the Americas and Europe.