Air Products and Chemicals, Inc. (APD) News & EventsAPDAir Products and Chemicals, Inc.

Air Products Signs Long-Term Agreement with Semiconductor Manufacturer

Air Products announced it has signed a long-term agreement with one of the leading semiconductor manufacturers to supply high-purity industrial gases and related infrastructure to support the customer's plant and production expansion plans in the United States. This is the second semiconductor manufacturing supply win Air Products has recently announced with a combined investment of more than $900M overall with the two projects. Air Products will invest approximately $250M in Arizona to build, own and operate new gas supply infrastructure for the customer's semiconductor manufacturing and advanced packaging operations. The investment includes PRISM hydrogen generation units, carbon dioxide purification units, bulk gas systems for helium, hydrogen, and carbon dioxide, and associated storage, purification, analytical equipment and pipeline infrastructure. Supply is targeted to come onstream in phases.

Air Products Reports Q3 Revenue of $3.16B

Reports Q3 revenue $3.16B, consensus $3.2B. CEO Eduardo Menezes said, "Despite macroeconomic volatility, Air Products delivered 12 percent growth in adjusted EPS and high single-digit adjusted operating income improvement this quarter through continued discipline in our underlying business. Having taken additional decisions to further optimize our large project portfolio, we have a clear pathway to reduce capital expenditures and drive continued profitable growth through high-quality, traditional industrial gas projects. We are also pleased to have finalized our marketing and distribution agreement with Yara, creating the first fully integrated value chain for renewable ammonia by enabling product from the world's first large-scale green ammonia plant to be sold and delivered through Yara's existing global supply chain."

Air Products Adjusts Q4 FY2026 EPS Guidance to $3.55-$3.65

The company said, "For the fiscal 2026 fourth quarter, Air Products' adjusted EPS guidance is $3.55 to $3.65. Air Products remains cautious given macroeconomic uncertainty but expects to see benefits from new asset contributions, pricing actions, and progress on productivity initiatives."