Exceeded Q1 guidance | Demonstrated strength and resilience in base business | Continued focus on unlocking earnings growth, optimizing large projects and maintaining capital discipline Q1 FY26 Summary of Results: GAAP earnings per share ("EPS")# of $3.04, up 10 percent; GAAP operating income of $735 million, up 14 percent Adjusted EPS* of $3.16, up 10 percent and exceeding top-end of guidance; adjusted operating income* of $757 million, up 12 percent Guidance Maintaining fiscal 2026 full-year adjusted EPS guidance* of $12.85 to $13.15; fiscal 2026 second quarter adjusted EPS guidance* of $2.95 to $3.10 Continue to expect fiscal year 2026 capital expenditures* of approximately $4.0 billion Recent News In December 2025, announced advanced negotiations with Yara International for low emission ammonia projects in the U.S. and Saudi Arabia Increased quarterly dividend on the Company's common stock to $1.81 per share, marking the 44th consecutive year of dividend increases Awarded supply contracts from the National Aeronautics and Space Administration (NASA) totaling more than $140 million to provide liquid hydrogen for several NASA facilities Fiscal 2026 First Quarter Consolidated Results LEHIGH VALLEY, Pa., Jan. 30, 2026 /PRNewswire/ -- Air Products (NYSE:APD) today reported first quarter fiscal 2026 GAAP operating income of $735 million, up 14 percent from the prior year, primarily due to favorable business mix, non‑helium pricing, net of power and fuel costs, and lower costs.
