Air Products Q3 financial results outperform guidance
US industrial gas major Air Products has reported its third quarter fiscal 2025 financial results, with sales rising 1% year-on-year to $3bn and GAAP EPS increasing 4% to $3.24.
Adjusted operating income was flat at $741m, as growth in on-site volumes, improved non-helium pricing, and productivity gains were offset by the September sale of its LNG business to Honeywell, weaker global helium demand, and previously announced project exits. Adjusted EPS fell 3% year-on-year to $3.09.
Eduardo Menezes, CEO of Air Products, described the results as solid, and they were in contrast to the $1.7bn second quarter loss, which saw the company return ‘back to basics’ following project cancellations.
“The Air Products team delivered solid results this quarter that exceeded guidance and were higher than last year on a comparable basis, excluding the impact of the LNG sale,” he said.
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