Form 10-Q · Quarterly report
Air Products 10-Q, filed Jul 30, 2026
- Filed
- CIK
- 0000002969
- Accession no.
- 0000002969-26-000036
Summary
Air Products recorded a fiscal third-quarter 2026 GAAP operating loss of $2.1 billion and a loss per share of $6.47, driven by roughly $2.9 billion in pre-tax charges from exiting a Louisiana clean energy complex, a Casa Grande, Arizona green hydrogen facility, and smaller clean energy distribution projects. Sales rose 5% to $3.2 billion, while adjusted operating income rose 9% to $810.3 million and adjusted earnings per share rose 12% to $3.47.
Key points
- The quarter included $2.9 billion in pre-tax project exit charges, or $2.2 billion after tax ($9.92 per share), tied to cancellation of the Louisiana clean energy complex, the Casa Grande green hydrogen facility, and smaller clean energy distribution projects.
- Sales increased 5% to $3.2 billion on 3% higher volumes, 1% higher pricing, and 1% favorable currency.
- Adjusted operating income rose 9% to $810.3 million, and adjusted operating margin improved 110 basis points to 25.6%.
- Equity affiliates' income rose 22% to $205.2 million, driven primarily by affiliates in the Americas and Middle East and India segments.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations Third Quarter 2026 in Summary 48 Third Quarter 2026 Results of Operations 50 First Nine Months 2026 in Summary 57 First Nine Months 2026 Results of Operations 59 Reconciliations of Non-GAAP Financial Measures 67 Liquidity and Capital Resources 73 Pension Benefits 77 Critical Accounting Policies and Estimates 78 This Management’s Discussion and Analysis contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding business outlook. …
An excerpt of the text as filed with the SEC, cut for length.
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