What were Air Products & Chemicals' Q3 FY26 adjusted EPS and GAAP loss per share, and what caused the large GAAP loss?

Air Products & Chemicals reported Q3 FY26 adjusted diluted EPS of $3.47 and a GAAP loss per share of $6.47. The GAAP loss was driven primarily by $2.9 billion in pre-tax charges from project exits, resulting in a GAAP operating loss of $2.1 billion. Despite the GAAP loss, the company generated $810 million in adjusted operating income on $3.161 billion in sales.

How did Air Products & Chemicals revise its full-year FY26 financial guidance, and what is its planned capital expenditure level?

Management raised its full-year FY26 adjusted EPS guidance to $13.39–$13.49 and expects fiscal 2026 capital expenditures to be approximately $3.5 billion, with a focus on profitable growth in traditional industrial gas projects.

Air Products & Chemicals posts Q3 FY26 adjusted EPS $3.47; GAAP loss per share $6.47 on $3.2B sales

Jul 30, 2026

Air Products & Chemicals reported Q3 FY26 adjusted EPS of $3.47 despite a GAAP loss driven by $2.9 billion in project exit charges. The company raised full-year guidance and plans $3.5 billion in capital expenditures for profitable growth in industrial gas projects.

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