Air Products stock gets fiscal 2027 outlook after Q4 update
Published on 11/05/2026 at 16:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSResults Reset the Fiscal Outlook
- Adjusted fourth-quarter earnings per share exceeded guidance midpoint as sales rose on higher volumes, pricing, energy pass-through and currency.
- Fiscal 2027 adjusted earnings per share guidance points to USD 14.15-14.50, while planned capital spending is USD 3.0-3.5 billion.
- Project-exit charges continued to separate GAAP results from management's adjusted performance measures.
Air Products & Chemicals reported fiscal 2026 fourth-quarter and full-year results on Thursday, November 5, adding a new outlook for the year ahead. The company said adjusted fourth-quarter earnings per share reached USD 3.61, above its guidance midpoint, while fourth-quarter sales increased 12 percent to USD 3.6 billion, according to Air Products' release published by PR Newswire.
Air Products stock traded at 280.20 euros on Lang & Schwarz at 16:04 CET on Thursday, November 5, 2026. Investors can follow the real-time quote of Air Products stock.
Adjusted Results Support New Guidance
Fourth-quarter adjusted operating income rose five percent to USD 856 million, although the adjusted operating margin declined 150 basis points to 24.1 percent as higher costs offset part of the benefit from higher volumes and pricing actions. The company said Americas volumes, including an early contract termination and a new asset contribution, supported the quarter.
Reported figures also reflected business and asset actions. Fourth-quarter GAAP operating income was USD 633 million and GAAP earnings per share was USD 2.62, compared with USD 17 million and USD 0.02 in the prior-year quarter. The company said current-year charges primarily related to updated estimates for two China coal gasification plants.
Fiscal 2027 Priorities Come Into Focus
Air Products expects fiscal 2027 adjusted earnings per share of USD 14.15-14.50 and first-quarter adjusted earnings per share of USD 3.35-3.45. Planned fiscal 2027 capital expenditures range from USD 3.0 billion to USD 3.5 billion, below the USD 3.3 billion spent on the company's fiscal 2026 definition of capital expenditures at the lower end of the range.
Fiscal 2026 sales increased eight percent to USD 13.0 billion, while adjusted full-year earnings per share rose 12 percent to USD 13.45. Management also highlighted more than USD 2.0 billion of new electronics wins and an expanded industrial gas project backlog, giving investors operating-growth markers alongside the charge-related GAAP figures.
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Air Products & Chemicals at a Glance
- Company: Air Products & Chemicals
- ISIN: US0091581068
- Ticker: APD
- Primary exchange: NYSE
- Lang & Schwarz quote: 280.20 euros at 16:04 CET on Thursday, November 5, 2026
- Fiscal 2027 adjusted EPS guidance: USD 14.15-14.50
