Air Products Reports Strong Q1 Earnings Beat, Raises Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 30 2026
0mins
Should l Buy APD?
Source: Benzinga
- Significant Revenue Growth: Air Products reported Q1 revenue of $3.103 billion, a 6% increase from $2.932 billion year-over-year, surpassing the $3.051 billion analyst estimate, indicating successful energy cost pass-through and pricing strategies.
- Adjusted EPS Increase: The adjusted EPS reached $3.16, a 10% year-over-year rise, exceeding the upper end of company guidance, reflecting strong base business performance despite soft helium demand.
- Diverse Regional Performance: Americas sales were $1.3 billion, up 4%, but overall volumes remained flat due to lower helium demand; in contrast, Europe saw a 12% sales increase and a 20% rise in operating income, showcasing strong regional recovery.
- Strong Cash Flow and Debt Position: Operating cash flow totaled $900.7 million, with cash and cash equivalents at $1.026 billion, while long-term debt stood at $17.115 billion, demonstrating robust capital management and financial health.
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Analyst Views on APD
Wall Street analysts forecast APD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for APD is 283.00 USD with a low forecast of 245.00 USD and a high forecast of 345.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
6 Buy
9 Hold
0 Sell
Moderate Buy
Current: 283.500
Low
245.00
Averages
283.00
High
345.00
Current: 283.500
Low
245.00
Averages
283.00
High
345.00
About APD
Air Products and Chemicals, Inc. is an industrial gases company. The Company is focused on serving energy, environmental, and emerging markets. Its base business provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, and food. The Company also develops, engineers, builds, owns and operates clean hydrogen projects supporting the transition to low- and zero-carbon energy in the heavy-duty transportation and industrial sectors. In addition, the Company provides turbomachinery, membrane systems and cryogenic containers globally. The Company has operations in approximately 50 countries. Its industries include aerospace, analytical labs & research/science, automotive, beverages, bioenergy, biotechnology, cement and lime, chemicals, electronics, food, glass and frit, hydrogen energy, medical, metals and materials processing, metals production, medical and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Project Optimization Strategy: The CEO emphasized a continued focus on the core industrial gas business, implementing project cancellations, headcount optimization, and asset rationalization to enhance performance, which is expected to drive future earnings growth.
- Sustained Shareholder Returns: The company announced a dividend increase, marking the 44th consecutive year of raising dividends, reflecting its commitment to shareholder returns while returning nearly $400 million in cash to shareholders in the quarter.
- Stable Outlook: Despite ongoing helium demand pressures, management maintained its fiscal year EPS guidance of $12.85 to $13.15, anticipating growth primarily through pricing actions and productivity improvements.
See More
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- Fed Chair Nomination: President Trump nominated Kevin Warsh as the next Fed Chair, with markets perceiving him as cautious towards rate cuts, which pushed the 10-year Treasury yield to a one-week high of 4.277%, exacerbating downward pressure on stocks.
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See More
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