---
title: "Air Products Stock Surges After Strong Profit Growth, Raised Guidance"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294395936.md"
description: "Air Products stock rose after reporting fiscal Q3 2026 earnings that beat estimates, driven by a 12% increase in adjusted EPS to $3.47 and raised full-year guidance. Despite a revenue miss and significant one-time project-exit charges impacting GAAP results, the company highlighted strong margin expansion, a $3 billion backlog, and robust cash flow, leading to a 1.49% share price increase."
datetime: "2026-07-30T16:38:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294395936.md)
  - [en](https://longbridge.com/en/news/294395936.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294395936.md)
generator: "portal-rs"
---

# Air Products Stock Surges After Strong Profit Growth, Raised Guidance

**Air Products and Chemicals Inc.** (NYSE:APD) shares traded higher Thursday after the industrial gases company reported fiscal third-quarter 2026 results, as an earnings beat and raised outlook offset a revenue miss.

Adjusted EPS of $3.47 beat the $3.34 estimate, while sales of $3.161 billion missed the $3.202 billion estimate. Revenue rose 4.6% year over year on higher volumes, pricing, and favorable currency.

 **• Air Products stock is showing upward movement. What’s pushing APD stock higher?**

## **Earnings and One-Time Charges**

GAAP loss per share was $6.47, compared with earnings of $3.24 a year earlier. Adjusted EPS rose 12%, while adjusted operating income increased 9% to $810.3 million. 

Adjusted operating margin expanded 110 basis points to 25.6%.

GAAP operating loss totaled $2.10 billion, reflecting $2.91 billion in pre-tax project-exit charges. 

The charges equaled $2.21 billion after tax, or $9.92 per share, and were tied to the Louisiana Clean Energy Complex, the Casa Grande green hydrogen facility and smaller clean-energy projects.

## **Regional Performance**

Americas sales increased 5% to $1.32 billion, with operating income up 6% to $395.4 million and margin at 29.9%. 

Asia sales rose 9% to $886 million, while operating income climbed 18% to $256.4 million and margin expanded to 28.9%.

Europe sales grew 6% to $815.7 million. Operating income rose 2% to $230.7 million, though margin declined 90 basis points to 28.3%. 

Middle East and India equity-affiliate income increased 18% to $101.1 million.

 **Read Also: Air Products Dumps Flagship Clean Energy Project After Returns Fall Short** 

## **Backlog and Cash Flow**

Air Products reported a $3 billion traditional industrial-gas backlog, including $2.4 billion of electronics projects. 

Air Products San Fu will build and operate four air-separation units and related infrastructure for a semiconductor manufacturer’s expansion in Taiwan.

Nine-month operating cash flow was $3.31 billion, while capital expenditures totaled $2.65 billion. 

Cash stood at $980.5 million. Long-term debt was $16.59 billion, plus a $769.5 million current portion.

## **Guidance Raised**

The company raised full-year adjusted EPS guidance to $13.39-$13.49 from $13.00-$13.25, compared with the $13.16 estimate. 

Fourth-quarter adjusted EPS is expected at $3.55-$3.65 versus the $3.51 estimate, while fiscal 2026 capital spending is projected at about $3.5 billion.

**APD Stock Price Activity:** Air Products shares were up 1.49% at $298.79 at the time of publication on Thursday, according to Benzinga Pro data.

*Photo: Andy Borysowski/Shutterstock*

### Related Stocks

- [APD.US](https://longbridge.com/en/quote/APD.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**