Air Products and Chemicals IncLifted annual and Q4 adjusted EPS guidance after Q3 beat
Ten of the 13 S&P 500 materials companies that reported quarterly results this week surpassed earnings expectations, while three fell short, and 12 beat revenue forecasts. The State Street Materials Select Sector SPDR ETF fell nearly 2% for the week, compared to the S&P 500's 1% rise. Among the reporters, Nucor easily beat adjusted earnings estimates and achieved record steel shipments of 7.1 million tons, while LyondellBasell Industries posted an earnings beat but missed on revenue. Corteva raised its full-year 2026 guidance on a profit beat, though quarterly revenue missed by $220 million, and Air Products and Chemicals lifted its annual and fourth-quarter adjusted EPS guidance after third-quarter results topped estimates. Linde also reported a beat, supported by 7% growth in quarterly operating profit. Next week, Albemarle and DuPont de Nemours are scheduled to report second-quarter results, with analysts expecting Albemarle to post earnings of $3.24 per share on revenue of $1.63 billion and DuPont to report earnings of $1.76 per share on revenue of $1.81 billion.
Air Products and Chemicals IncLifted annual and Q4 adjusted EPS guidance after Q3 beat
Corteva IncRaised full-year 2026 guidance on profit beat
Linde plc Ordinary SharesBeat estimates with 7% growth in quarterly operating profit
Nucor CorpBeat estimates and achieved record steel shipments of 7.1 million tons
LyondellBasell Industries NVEarnings beat but missed revenue
Albemarle Corp
Dupont De Nemours Inc