Quarterly ResultApr 30, 2026, 11:13 AM
APD Q1 Net Income $710.4M, EPS $3.19; Sales +8.8%
AI Summary
Air Products & Chemicals, Inc. reported a strong financial turnaround for the three months ended March 31, 2026, with net income attributable to Air Products reaching $710.4 million, or $3.19 per diluted share, compared to a net loss of $1,730.6 million, or ($7.77) per diluted share, in the prior year. Sales increased by 8.8% to $3,171.8 million. The company also demonstrated robust cash flow from operating activities and continued progress on strategic projects like the NEOM Green Hydrogen Company joint venture.
Key Highlights
- Q1 Net Income Attributable to APD: $710.4M, a significant turnaround from ($1,730.6M) YoY.
- Q1 Diluted EPS Attributable to APD: $3.19, up from ($7.77) YoY.
- Q1 Sales: $3,171.8M, an 8.8% increase from $2,916.2M YoY.
- Six-month Net Income Attributable to APD: $1,388.6M, a substantial improvement from ($1,113.2M) YoY.
- Cash Provided by Operating Activities (six months): $2,004.4M, up from $1,139.8M YoY.
- Dividends paid to shareholders (six months): $797.0M.
- NEOM Green Hydrogen Company (NGHC) joint venture assets: $7,896.0M as of March 31, 2026.
- Project exit costs (six months): $28.3M, significantly down from $2.9B in prior year.