Air Products and Chemicals, Inc.

NYSE•APD

CEO: Ms. Melissa N. Schaeffer

Sector: Basic Materials

Industry: Chemicals - Specialty

Listing Date: 1980-03-17

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals. It also designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage. The company was founded in 1940 and is headquartered in Allentown, Pennsylvania.

Contact Information

1940 Air Products Boulevard, Allentown, PA, 18106-5500, United States

610-481-4911

www.airproducts.com

Market Cap

$61.55B

P/E (TTM)

-184.6

30.1

Dividend Yield

2.6%

52W High

$321.47

52W Low

$229.11

52W Range

51%

Rank30Top 19.5%

5.1

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 5.1 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$3.10B+5.83%

4-Quarter Trend

EPS

$3.04+9.75%

4-Quarter Trend

FCF

-$350.50M-73.16%

4-Quarter Trend

2026 Q1 Earnings Highlights

Key Highlights

Sales and Operating Income Growth Sales reached $3,102.5M, increasing 6% driven by energy cost pass-through of 3% and higher pricing.

Strong Earnings Per Share GAAP EPS was $3.04, marking a 10% increase over the prior period results of $2.77 per share.

Operating Income Expansion GAAP Operating Income grew 14% to $734.5M, expanding margin 170 basis points to 23.7%.

Cash Flow Generation Strong Cash provided by operating activities totaled $900.7M, up from $811.7M in the prior year period.

Risk Factors

Stock Sale Volatility Risk Significant stockholder (Mantle Ridge LP, 1.8% stake) may sell shares starting early 2026, impacting stock price.

Project Exit Cost Adjustments Recorded $28.3M charge for updated cost estimates on prior year project exits, impacting current operating income.

International Operations Risks Extensive international operations face risks including political instability, supply chain disruptions, and regulatory actions.

Non-Service Pension Cost Impact Non-service related pension costs were $3.4M, driven by market volatility impacting expected returns on plan assets.

Outlook

Fiscal 2026 Capital Spending Expect capital expenditures around $4.0B for fiscal year 2026, focusing on energy transition projects completion.

Dividend Increase Approved Board approved raising quarterly dividend to $1.81 per share, marking 44th consecutive year of increases.

Debt Repayment Completed Repaid $550.0M principal amount of 1.50% senior notes due in October 2025 during the first quarter.

Monitoring New Accounting Rules Company continues to monitor developments regarding SEC rules for climate-related disclosures effectiveness.

Peer Comparison

Revenue (TTM)

BHP

$107.64B

-6.9%

VALE

$38.39B

+2.3%

FCX

$25.74B

+2.4%

Gross Margin (Latest Quarter)

WPM

84.4%

+20.4pp

SHW

48.8%

+0.3pp

ECL

44.0%

+1.4pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
BHP	$210.77B	20.3	21.4%	27.2%
FCX	$98.15B	44.8	12.0%	19.8%
SHW	$88.23B	34.2	58.5%	56.1%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

2.1%

Moderate Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:Apr 29, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data