Air Products (APD) Q3 FY26 earnings call

Air Products delivered strong Q3 FY26 results, driven by volume growth from new assets and pricing actions, leading to a raised full-year EPS outlook. The company is optimizing its large project portfolio, exiting several clean energy projects and redeploying assets, while continuing to invest in traditional industrial gas projects, particularly in electronics. A new marketing and distribution agreement for the NEOM green hydrogen project's ammonia output was finalized with Yara, aiming to mitigate volume risk.