Air Products Q4 sales beat estimates on higher volumes, pricing

Overview

• U.S. industrial gases firm's Q4 sales rose 12% yr/yr, beating analyst expectations

• Q4 adjusted EPS was $3.61, in line with analyst expectations

• Company cites higher volumes and pricing, partially offset by higher costs, for Q4 results

Outlook

• Air Products sees fiscal 2027 adj EPS at $14.15 to $14.50

• Company expects Q1 2027 adj EPS of $3.35 to $3.45

• Air Products expects fiscal 2027 capex of $3.0 bln to $3.5 bln

Result Drivers

• VOLUME AND PRICING - Co said higher volumes and pricing contributed to Q4 sales growth

• ON-SITE VOLUMES AND ASSET SALES - Higher on-site volumes, including a significant asset sale in the Americas and new asset contributions, supported Q4 results

• HIGHER COSTS - Co said increased costs weighed on Q4 operating margin

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the commodity chemicals peer group is "buy"

• Wall Street's median 12-month price target for Air Products and Chemicals, Inc. is $348.00, about 9.1% above its November 4 closing price of $318.87

• The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 21 three months ago

Reuters Recommended Reads

• Nov 3 - DuPont Q3 sales beat estimates, lifts 2026 profit outlook

• Nov 4 - CF Industries Q3 sales rise 12%, beat estimates

• Nov 4 - Tronox Q3 revenue misses estimates on higher raw material costs

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)