APD Air Products (APD) Q4 FY25 earnings call
Air Products concluded fiscal 2025 by meeting its financial commitments, driven by strong non-helium pricing and productivity gains. The company is focused on optimizing its large project portfolio, particularly NEOM and Louisiana, and rebalancing capital allocation with a planned reduction in CapEx post-2026. Despite ongoing helium headwinds and a sluggish macroeconomic environment, management is confident in delivering high single-digit EPS growth in fiscal 2026 through new asset contributions and continued operational excellence.
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