Air Products and Chemical

Q3 FY2026 EarningsQ3 FY26 adjusted results beat consensus across key metrics, with adjusted EPS of $3.47 exceeding the mean expectation of $3.34 and the high-end guidance. Revenue of $3.16B was slightly below the $3.20B consensus, but adjusted operating income grew 9% YoY to $810M. Significant GAAP losses were driven by a $2.9B pre-tax charge for clean energy project exits. Management raised full-year FY26 adjusted EPS guidance to $13.39–$13.49 and lowered CapEx expectations to $3.5B, signaling a shift toward higher-quality traditional industrial gas projects.