Air Products and Chemicals reported adjusted earnings of $3.47 per share for its fiscal third quarter, beating the Zacks Consensus Estimate of $3.36 by 3.3% and rising 12.3% from a year ago. Sales increased 4.6% to $3.16 billion but missed the consensus mark of $3.18 billion by 0.5%, supported by higher on-site volumes, favorable currency, and pricing. The company raised its full-year adjusted earnings guidance to $13.39 to $13.49 per share from the prior range of $13.00 to $13.25, and now expects fiscal 2026 capital expenditures of approximately $3.5 billion, down from an earlier projection of about $4 billion. Americas sales grew 5% to $1.32 billion, Asia sales rose 9% to $886 million, and Europe sales advanced 6% to $815.7 million. Air Products ended the quarter with cash and cash equivalents of $980.5 million and long-term debt of $16.59 billion.
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Chemours CoAir Products and Chemicals IncAir Products reported Q3 earnings beat and raised full-year guidance.
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