Air Products stock: Fiscal revenue rose 4.60 percent. Air Products stock is worth USD 66.6 billion

Air Products and Chemicals (ISIN US0091581068) reported fiscal third-quarter revenue of USD 3.16 billion, up 4.60 percent from the same period a year earlier. LineVest News dated the figures to the quarter ended June 30, 2026, when adjusted operating profit rose 9.30 percent despite a USD 2.90 billion project-exit charge. Air Products was trading at EUR 266.70 at Lang & Schwarz on October 20, 2026 at 4:08 p.m. CEST.

Adjusted earnings improved

The underlying operating picture was stronger than the reported loss. Adjusted operating profit increased to USD 810.30 million from USD 741.10 million in the fiscal third quarter, lifting the adjusted operating margin to 25.60 percent from 24.50 percent. Adjusted earnings per share rose to USD 3.47 from USD 3.09.

The reported figures carried a sharp project cost. The USD 2.90 billion pretax charge pushed reported continuing earnings per share to a loss of USD 6.47, compared with a profit of USD 3.24 in the prior-year quarter. The contrast leaves investors with two separate signals: gas operations improved, while earlier project decisions created a substantial accounting burden.

Growth came with project costs

Air Products attributed the revenue increase to 3.00 percent volume growth, 1.00 percent pricing and 1.00 percent currency effects. New on-site plants producing hydrogen, carbon monoxide and synthesis gas supported the volume contribution. Over the first nine months of fiscal 2026, revenue reached USD 9.44 billion, up 6.40 percent year over year, while adjusted operating profit rose 13.40 percent to USD 2.32 billion.

The project charge remains the central counterweight. It included USD 2.21 billion of asset write-downs and USD 696.80 million of other exit costs. Operating cash flow nevertheless rose to USD 3.31 billion in the first nine months from USD 2.00 billion a year earlier, although cash after plant spending and dividends remained negative at USD 1.24 billion.

Results date and valuation

Air Products will discuss fiscal fourth-quarter results on November 5, 2026, at 8:00 a.m. ET, according to PR Newswire on October 15, 2026. That event will test whether the improved gas business can offset project-exit costs and ongoing capital demands.

Air Products had a market capitalization of USD 66.60 billion as of October 20, 2026. Its primary listing is on the NYSE, where the stock was trading at USD 299.21 at 10:21 a.m. ET on October 20, 2026. The 52-week range was USD 229.11 to USD 314.87, placing the latest US quote 4.97 percent below the high.

Stock stays tied to execution

Air Products supplies industrial, specialty and process gases, along with equipment for gas production and handling. The latest numbers show operating improvement, but the project charge and negative post-investment cash balance keep execution central to the investment case.

The stock was trading at EUR 266.70 at Lang & Schwarz on October 20, 2026 at 4:08 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Air Products and Chemicals stock.

Air Products and Chemicals at a glance

• Company: Air Products and Chemicals, Inc.
• ISIN: US0091581068
• Ticker: APD
• Primary exchange: NYSE
• Price Lang & Schwarz (as of October 20, 2026, 4:08 p.m. CEST): EUR 266.70
• Market capitalization: USD 66.6 billion (as of October 20, 2026)
• 52-week range: USD 229.11-314.87 (as of October 20, 2026)
• Sector / Industry: Basic Materials / Specialty Chemicals
• Next earnings date: November 5, 2026

Market context: Market report S&P 500.

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