Air Products (APD) Q1 FY26 earnings call

Air Products delivered a solid start to the fiscal year with broad-based operating income improvement and strong EPS growth, driven by pricing actions and productivity. The company is affirming its full-year earnings guidance, focusing on optimizing its large project portfolio and maintaining capital discipline amidst continued helium headwinds and a challenging macroeconomic environment. Strategic negotiations for the Louisiana project are ongoing, aiming for traditional industrial gas project scope and returns.