AI Earnings Predictions for Air Products and Chemicals Inc. (APD)

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EX-99.1

2 exhibit99131mar26.htm

EXHIBIT-99.1

Document

Exhibit 99.1

News Release

Air Products Reports Fiscal 2026 Second Quarter Results

Delivered strong underlying performance | Positioned for helium supply chain resilience | New wins in Electronics and Aerospace

Continued focus on key priorities: unlock earnings growth, optimize large projects, maintain capital discipline

Raising fiscal 2026 full-year adjusted EPS guidance*

Q2 FY26 Summary of Results:

•GAAP earnings per share ("EPS")# of $3.19 and GAAP operating income of $753 million, each up over 130% versus prior year

•Adjusted EPS* of $3.20 and adjusted operating income* of $753 million, each up 19 percent versus prior year and exceeding top-end of adjusted EPS* guidance

Guidance

•Raising fiscal 2026 full-year adjusted EPS guidance* to $13.00 to $13.25; fiscal 2026 third quarter adjusted EPS guidance* of $3.25 to $3.35

•Continue to expect fiscal year 2026 capital expenditures* of approximately $4.0 billion

News and Highlights

•Electronics growth: Selected by Samsung to build, own and operate multiple production facilities and bulk specialty gas supply system for new advanced semiconductor fab in South Korea

•Space sector growth: Supplied critical liquid hydrogen and helium for NASA’s historic Artemis II mission; announced plans for new air separation unit in City of Cocoa, Florida

•Helium supply chain resilience: Increasing production in U.S. network to support global customers; drawing from dedicated U.S. helium storage cavern and increasing liquefaction to further strengthen inventory; repositioning portions of large ISO container fleet to help manage supply flows

Fiscal 2026 Second Quarter Consolidated Results (comparison versus prior year)

LEHIGH VALLEY, Pa. (April 30, 2026) - Air Products (NYSE:APD) today reported second quarter fiscal 2026 GAAP operating income of $753 million and GAAP EPS# of $3.19, each up over 130%, and GAAP operating margin of 23.7 percent, compared to negative 79.8 percent in the prior year. This improvement primarily reflects prior-year losses related to charges for business and asset actions. The non-GAAP financial measures discussed below exclude these charges, as well as other prior-year items, as described in the "Reconciliations of Non-GAAP Financial Measures" section beginning on page 8 of this release.

On a non-GAAP basis, second quarter adjusted operating income* of $753 million and adjusted EPS* of $3.20 each increased 19 percent, reflecting higher on-site volumes, favorable currency, and lower costs driven by productivity and lower depreciation, net of fixed-cost inflation and higher Americas maintenance. A pricing headwind driven by helium was partially mitigated by pricing improvements across non-helium product lines. Adjusted operating margin* of 23.7 percent increased from 21.6 percent in the prior year, primarily due to higher volumes and productivity, partially offset by energy cost pass-through and price.

Second quarter sales of $3.2 billion increased nine percent, reflecting four percent higher volumes, four percent favorable currency and two percent higher energy cost pass-through, partially offset by one percent lower pricing.

Commenting on the results, Chief Executive Officer Eduardo Menezes said, "Despite macroeconomic volatility, Air Products delivered 19% growth in adjusted EPS and adjusted operating income improvement across segments. We saw higher on-site volumes and made continued progress on productivity and pricing. We also took actions to strengthen helium supply chain resilience for customers, including drawing from our U.S. storage cavern, increasing U.S. liquefaction, and optimizing our logistics network and container fleet. Looking ahead, we remain focused on our key priorities—unlocking earnings growth, optimizing large projects and maintaining capital discipline."

# Per share amounts are calculated and presented on a diluted basis from continuing operations attributable to Air Products.

* Certain results in this release include references to non-GAAP financial measures on a consolidated, continuing operations basis. Additional information regarding these measures and reconciliations of GAAP to non-GAAP historical results can be found below. Management is unable to reconcile, without unreasonable efforts, the Company’s forecasted range of adjusted EPS or capital expenditures to a comparable GAAP range or amount because management is not able to predict the timing or occurrence of events or transactions that management believes are not representative of the Company’s underlying business performance or the timing or occurrence of future investment activity, which are necessary to calculate forward-looking adjusted EPS from continuing operations and capital expenditures, respectively. Refer to the “Capital Expenditures” and “Adjusted EPS Outlook” sections on pages 10 and 11, respectively, for additional information.

-more-

Page 2 of 11

Fiscal 2026 Second Quarter Re

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) 30 January 2026

AIR PRODUCTS AND CHEMICALS, INC.

(Exact name of registrant as specified in charter)

Delaware 001-04534 23-1274455 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

1940 Air Products Boulevard Allentown, Pennsylvania 18106-5500 (Address of principal executive offices and Zip Code) (610) 481-4911 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, par value $1.00 per shareAPDNew York Stock Exchange 0.500% Euro Notes due 2028APD28New York Stock Exchange 2.950% Euro Notes due 2031APD31New York Stock Exchange 0.800% Euro Notes due 2032APD32New York Stock Exchange 3.250% Euro Notes due 2032APD32BNew York Stock Exchange 4.000% Euro Notes due 2035APD35New York Stock Exchange 3.450% Euro Notes due 2037APD37New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Item 2.02.  Results of Operations and Financial Condition. On 30 January 2026, Air Products and Chemicals, Inc. issued a press release announcing its earnings for the first quarter of fiscal year 2026. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. The information in Item 2.02 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise be subject to liability under that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth therein. Item 9.01.  Financial Statements and Exhibits. (d)     Exhibits

Exhibit No.  Description 99.1  Press Release dated 30 January 2026.

104Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Air Products and Chemicals, Inc. (Registrant)

Date: 30 January 2026 By:/s/    Melissa N. Schaeffer Melissa N. Schaeffer Executive Vice President and Chief Financial Officer