Air Products & Chemicals Inc. (NYSE:APD) announced better-than-expected fiscal third-quarter 2025 results, with adjusted earnings per share (EPS) of $3.09, beating the $2.98 estimate, and sales of $3.02 billion, surpassing the $2.96 billion estimate.
Third-quarter sales climbed 1% year over year, driven by higher energy cost pass-through, favorable pricing, and currency impacts. These largely offset volume declines from the September 2024 LNG business sale, lower global helium demand, and previously exited projects.
GAAP EPS rose 4% to $3.24, with GAAP operating income up 7% to $791 million, benefiting from asset sales. Adjusted operating income was flat at $741 million, reflecting strong base business performance despite the portfolio adjustments.
Also Read: Dow Analysts Slash Their Forecasts After Weak Q2 Results
Air Products’ Americas sales rose 2% to $1.3 billion, driven by higher energy pass-through and pricing, though offset by 6% lower volumes due to project exits and weaker helium demand. Operating income dropped 4% to $374 million, with the margin falling 200 basis points to 29.7%.
In …