Air Products Q3 Results Beat Market; Sees Q4 Earnings Below Street, Revises FY25 View; Stock Up

(RTTNews) - Air Products And Chemicals Inc. (APD), while reporting higher third-quarter results above market estimates, on Thursday issued fourth-quarter adjusted earnings view below market.

Further, the company revised its fiscal 2025 adjusted earnings outlook.

In the pre-market activity on the NYSE, the shares were gaining around 2.6 percent to trade at $298.00.

Looking ahead, for the fourth quarter, Air Products expects adjusted earnings per share of $3.27 to $3.47.

The Wall Street analysts on average expect the company to report earnings of $3.48 per share. Analysts' estimates typically exclude special items.

For fiscal 2025, the company now expects adjusted earnings per share in the range of $11.90 to $12.10. The company previously expected adjusted earnings per share in the range of $11.85 to $12.15.

Analysts expect $12.01 per share in earnings for the year.

Air Products continues to expect capital expenditures of approximately $5 billion for full-year fiscal 2025.

In the third quarter, Air Products' net profit totaled $713.8 million, or $3.20 per share, compared with $696.6 million, or $3.13 per share, last year.

Adjusted earnings were $688.5 million or $3.09 per share for the period. Analysts had expected the company to earn $2.99 per share.

The company's revenue for the period rose 1.2 percent to $3.022 billion from $2.985 billion last year. The Street expected revenues of $2.99 billion.

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