Air Products and Chemicals, Inc.
APD · NYSE
APD · NYSE
Air Products and Chemicals sells industrial gases and related equipment and services, generating revenue from on-site customer volumes, merchant sales, pricing and newly commissioned assets. Equity affiliates also contribute to earnings. Its customers are industrial users that purchase gases through on-site and other supply arrangements, although the supplied evidence does not identify individual customers or quantify contributions by operating segment. APD operates at substantial scale, reporting fiscal 2025 revenue of $12.0 billion. Fiscal 2025 net income was a $0.4 billion loss, compared with $12.1 billion of revenue and $3.8 billion of net income in fiscal 2024.
APD rose 0.64% over the week, from $292.85 to $294.71. The stock initially advanced, reaching $300.20 on July 30 after fiscal third-quarter results showed adjusted earnings of $3.47 per share, 12% above the prior year and ahead of guidance, supported by higher on-site volumes, pricing, currency and new assets. However, it gave back most of that gain on July 31 after the same release showed a $1.44 billion attributable loss and a narrow sales miss, despite higher fourth-quarter and fiscal 2026 EPS outlooks. Shares slipped again Monday before recovering Tuesday. Broader materials sentiment was also pressured by a reported $105.9 million outflow from the XLB ETF, although no APD-specific corporate news was identified beyond earnings.
