Announcement • Jul 15
Air Products and Chemicals, Inc. to Report Q3, 2026 Results on Jul 30, 2026 Air Products and Chemicals, Inc. announced that they will report Q3, 2026 results at 9:30 AM, US Eastern Standard Time on Jul 30, 2026 Announcement • Jul 01
Air Products Discontinues Louisiana Clean Energy Complex Project and Zero-Carbon Liquid Hydrogen Facility in Casa Grande Air Products announced it will not proceed with the Louisiana Clean Energy Complex (LCEC) project. The LCEC project exit and other portfolio actions will result in a pre-tax charge in Air Products' fiscal third quarter. Air Products will record pre-tax charges not expected to exceed $2,900 million (or approximately $2,200 million on an after-tax basis) in its fiscal 2026 third quarter, primarily to write down assets and terminate contractual commitments, primarily related to the LCEC project decision. In addition, Air Products will discontinue a zero-carbon liquid hydrogen facility in Casa Grande, Arizona and other smaller scale projects supporting clean energy distribution. These exits are being driven by challenging commercial conditions, project-specific economic factors, and slower-than-expected development in certain markets, largely hydrogen for mobility. The Company will maximize the redeployment of certain assets to existing or future projects and work to reduce the exposure of existing contractual agreements. Estimated contract cancellation and other project cancellation costs are subject to further refinement and may ultimately differ materially from actual costs recorded in the Company's fiscal third quarter and beyond. Upcoming Dividend • Jun 23
Upcoming dividend of US$1.81 per share Eligible shareholders must have bought the stock before 30 June 2026. Payment date: 10 August 2026. Payout ratio is on the higher end at 76% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Italian dividend payers (4.6%). Lower than average of industry peers (3.2%). Declared Dividend • May 19
Dividend of US$1.81 announced Shareholders will receive a dividend of US$1.81. Ex-date: 30th June 2026 Payment date: 10th August 2026 Dividend yield will be 2.0%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (76% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 19
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. Independent Chairman Wayne Smith is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Declared Dividend • May 13
Dividend of US$1.81 announced Shareholders will receive a dividend of US$1.81. Ex-date: 30th June 2026 Payment date: 10th August 2026 Dividend yield will be 1.9%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (76% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 02
Second quarter 2026 earnings released: EPS: US$3.19 (vs US$7.77 loss in 2Q 2025) Second quarter 2026 results: EPS: US$3.19 (up from US$7.77 loss in 2Q 2025). Revenue: US$3.17b (up 8.8% from 2Q 2025). Net income: US$710.4m (up US$2.44b from 2Q 2025). Profit margin: 22% (up from net loss in 2Q 2025). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Chemicals industry in Italy. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Apr 23
Air Products Declares Quarterly Dividend, Payable on August 10, 2026 Air Products declared a quarterly dividend of $1.81 per share of common stock. The dividend is payable on August 10, 2026 to shareholders of record at the close of business on July 1, 2026. Announcement • Apr 17
Air Products Showcases Hydrogen Decarbonization Solutions At Canadian Hydrogen Convention Air Products highlighted how its innovative hydrogen technologies and expertise can help heavy industry and heavy-duty transportation improve efficiency and reach decarbonization goals at the Canadian Hydrogen Convention on April 21-22, at the Edmonton Convention Centre, in Edmonton, Alberta, Canada. Those attending the Canadian Hydrogen Convention are invited to visit Air Products' booth #614 on the exhibit floor to speak with an industry specialist and learn how industrials gases, such as hydrogen can improve or enhance their industrial processes. Air Products' industry experts will present at the following sessions during the Canadian Hydrogen Convention: Expanding Markets for Hydrogen: A Breakthrough Boiler Burner Technology to Enable Low NOX Performance and Decarbonization Using Hydrogen. Timothy Lebrecht, Air Products' Industry Manager, Chemical and Clean Energy Processes, will highlight a novel, low-carbon, hydrogen–capable boiler burner that enables emission reductions in existing industrial infrastructure. This burner technology provides stable steam performance and nearly identical steam production across the full hydrogen blend range, from zero to 100%, when combined with natural gas. The session is scheduled from 10:15 to 10:45 a.m. on Tuesday, April 21 at H2 Tech Hub 3, exhibition floor. Advancing Hydrogen Mobility: A Liquid to Gaseous Portable Fueler for Accelerating Zero-Emission Transportation in Canada. Kyle Aucker, Air Products' Senior Principal Project Engineer, will share information about a next-generation, liquid to gaseous portable hydrogen fueler designed to expand access to hydrogen fueling across Alberta and broader Canadian markets. The portable fueler was developed by Air Products with support from Alberta Innovates' Hydrogen Center of Excellence Program. The session is scheduled from 1:15 to 1:45 p.m. on April 22 at H2 Tech Hub 1, exhibition floor. Announcement • Mar 12
Air Products Highlights Freshline IQ Freezer And Food Freezing Solutions Air Products highlighted its Freshline IQ Freezer and food freezing solutions for seafood processors at Seafood Expo North America at the Thomas M. Menino Convention & Exhibition Center in Boston from March 15-17. Air Products' Freshline IQ Freezer offers continuous high throughput freezing or chilling for a broad range of food products, requiring minimal floorspace. It is designed in 10-foot modular sections making it easily field expandable. Couple this advanced machine with Freshline Smart Technology, and Air Products engineers can work with a customer's team to easily troubleshoot from afar, minimizing downtime and the impact to the bottom line. Freshline Smart Technology is an integrative service that allows customers to monitor their food manufacturing equipment remotely to optimize processes and track key performance parameters. Self-monitoring analysis allows customers to see data in real-time, which can help maximize efficiency, productivity, and sustainability. Conference attendees are invited to visit Air Products' booth 1074 to speak with an industry specialist about their specific processes and challenges. Food processors will discover the many benefits of Air Products' Freshline solutions, which use liquid nitrogen (LIN) and carbon dioxide (CO2) to improve a variety of processes. The extremely cold temperatures of these cryogenic gases enable food products to be chilled or frozen in minutes instead of the hours traditionally required with alternative systems. This rapid freeze results in smaller yield losses and helps ensure moisture and quality are preserved. Air Products operates a food and grinding lab at its headquarters in Allentown, Pa. Customers and prospects can utilize the facility to test products on production-scale equipment to help determine the feasibility of using cryogenics in their process. Working with industry specialists, prospective customers can quantify the benefits and cost of using cryogenics in their operation without investing in any capital. Air Products has been supplying the food industry with gases, equipment and technology for over 60 years. The company has Freshline solutions for every type of customer, from large manufacturers with multiple production lines, to small food processors with niche products. Air Products offers industrial gases in a variety of delivery options to match each customer's requirements. To learn more about Air Products' food freezing and chilling solutions, visit Air Products' Cold Zone Virtual Content Hall website. Reported Earnings • Feb 01
First quarter 2026 earnings released: EPS: US$3.04 (vs US$2.77 in 1Q 2025) First quarter 2026 results: EPS: US$3.04 (up from US$2.77 in 1Q 2025). Revenue: US$3.10b (up 5.8% from 1Q 2025). Net income: US$678.2m (up 9.8% from 1Q 2025). Profit margin: 22% (in line with 1Q 2025). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Chemicals industry in Italy. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Declared Dividend • Feb 01
Dividend of US$1.81 announced Shareholders will receive a dividend of US$1.81. Ex-date: 31st March 2026 Payment date: 11th May 2026 Dividend yield will be 2.2%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Announcement • Jan 28
Air Products and Chemicals, Inc. Announces Increase in Quarterly Dividend, Payable on May 11, 2026 The Board of Directors of Air Products has increased the quarterly dividend on the Company's common stock to $1.81 per share, marking the 44th consecutive year of dividend increases. The dividend is payable on May 11, 2026 to shareholders of record at the close of business on April 1, 2026. Announcement • Nov 20
Air Products Declares Quarterly Dividend, Payable on February 9, 2026 The Board of Directors of Air Products declared a quarterly dividend of $1.79 per share of common stock. The dividend is payable on February 9, 2026 to shareholders of record at the close of business on January 2, 2026. Reported Earnings • Nov 07
Full year 2025 earnings released: US$1.74 loss per share (vs US$17.27 profit in FY 2024) Full year 2025 results: US$1.74 loss per share (down from US$17.27 profit in FY 2024). Revenue: US$12.0b (flat on FY 2024). Net loss: US$386.5m (down 110% from profit in FY 2024). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Chemicals industry in Italy. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Board Change • Sep 29
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Director Howard Ungerleider was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 20
Air Products and Chemicals, Inc. Elects Howard Ungerleider as A Director, Member of the Audit and Finance Committee, Effective September 1, 2025 Air Products and Chemicals, Inc. Board of Directors has elected Howard Ungerleider as a director of the Company, effective September 1, 2025. He will serve as a member of the Audit and Finance Committee. Mr. Ungerleider has served as Operating Advisor for Clayton, Dubilier & Rice, a leading private equity firm, since 2024. Prior to his current position, Mr. Ungerleider held various positions of increasing responsibility at Dow Inc. and its predecessors, DowDuPont and Dow Chemical, including service as President from 2018 to 2023 and Chief Financial Officer from 2014 to 2023, as Executive Vice President, Advanced Materials, from 2012 to 2014, and as Senior Vice President and President, Performance Plastics, from 2011 to 2012. Mr. Ungerleider is a member of the boards of directors of American Airlines Group Inc. and Kyndryl Holdings Inc. Mr. Ungerleider holds an M.B.A. from UCLA and a Bachelor of Business Administration degree from The University of Texas at Austin. Board Change • Aug 18
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Vice Chairman of Board Dennis Reilley was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Aug 12
Third quarter dividend of US$1.79 announced Shareholders will receive a dividend of US$1.79. Ex-date: 30th September 2025 Payment date: 10th November 2025 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. EPS is expected to grow by 133% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Board Change • Aug 04
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Vice Chairman of Board Dennis Reilley was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 22
Air Products Appoints Matthew Lepore as Executive Vice President; General Counsel and Secretary; Chief Compliance Officer Effective August 18, 2025 Air Products announced that Matthew Lepore has been appointed Executive Vice President, General Counsel and Secretary and Chief Compliance Officer effective August 18, 2025. Lepore brings 30 years of international legal, commercial and compliance expertise to the role. Lepore will report to Chief Executive Officer Eduardo Menezes and be based at the Company's global headquarters in Allentown, Pennsylvania. Lepore most recently served as Group General Counsel, President for Legal, Compliance and Insurance, Chief Compliance Officer, Chief Human Rights Officer and Corporate Secretary at BASF SE (Ludwigshafen am Rhein, Germany), a role he held since 2021. Prior to that, Lepore served as Senior Vice President and Global Head of Legal at BASF SE from 2018 to 2021; as Senior Vice President and General Counsel, Chief Compliance Officer and Corporate Secretary at BASF Corporation (New Jersey) from 2014 to 2018; and as Senior Vice President and Corporate Secretary and Chief Governance Officer at Pfizer, Inc. (New York) from 2008 to 2014. Before Pfizer, Lepore was a partner at law firm DLA Piper, U.S. LLP in Washington, D.C. and prior to that, a trial attorney for the U.S. Department of Justice.Lepore received his J.D. from Mercer University, Macon, Georgia, and his B.S. from James Madison University, Harrisonburg, Virginia. Announcement • Jul 18
Air Products and Chemicals, Inc. Declares Quarterly Dividend, Payable on November 10, 2025 The Board of Directors of Air Products declared a quarterly dividend of $1.79 per share of common stock. The dividend is payable on November 10, 2025 to shareholders of record at the close of business on October 1, 2025. Board Change • Jul 10
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Vice Chairman of Board Dennis Reilley was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 09
Air Products and Chemicals, Inc. Announces Resignation of Sean D. Major as Executive Vice President, General Counsel and Secretary, Effective July 11, 2025 On July 7, 2025, Sean D. Major resigned as Executive Vice President, General Counsel and Secretary of Air Products and Chemicals, Inc. (the “Company”), effective July 11, 2025. Mr. Major’s successor will be named at a later date. Announcement • Jun 13
Air Products to Showcase Industrial Gas Solutions at the PowderMet2025 International Conference on Powder Metallurgy and Particulate Materials Air Products will showcase industrial gas solutions and technologies for metals and materials processing applications at the PowderMet2025 International Conference on Powder Metallurgy and Particulate Materials from June 15-18 at the Sheraton Phoenix Downtown in Phoenix, Arizona. Those attending are invited to stop by Air Products' booth #412 to speak with an industry specialist and learn how Air Products' industrial gases, technologies, and supply solutions can help metal processors improve product quality, reduce operating costs, increase production and optimize gas usage. Air Products' Smart Technology intelligent systems can help take the guesswork out of sintering, annealing, brazing, hot isostatic pressing, metal injection molding and 3D printing. Declared Dividend • May 28
Second quarter dividend of US$1.79 announced Shareholders will receive a dividend of US$1.79. Ex-date: 27th June 2025 Payment date: 11th August 2025 Dividend yield will be 2.8%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. EPS is expected to grow by 125% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • May 22
Air Products and Chemicals, Inc. Declares Quarterly Dividend, Payable on August 11, 2025 The Board of Directors of Air Products declared a quarterly dividend of $1.79 per share of common stock. The dividend is payable on August 11, 2025 to shareholders of record at the close of business on July 1, 2025. Reported Earnings • May 03
Second quarter 2025 earnings released: US$7.77 loss per share (vs US$2.57 profit in 2Q 2024) Second quarter 2025 results: US$7.77 loss per share (down from US$2.57 profit in 2Q 2024). Revenue: US$2.92b (flat on 2Q 2024). Net loss: US$1.73b (down 402% from profit in 2Q 2024). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Chemicals industry in Italy. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Apr 08
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Vice Chairman of Board Dennis Reilley was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 
