Air Products announced preliminary fiscal 2025 first quarter GAAP EPS of $2.77 and adjusted EPS of $2.86. Both figures are diluted continuing operations EPS and are preliminary and subject to change upon completion of all quarter-end close processes.

1. 01

   Air Products announced preliminary fiscal 2025 first quarter GAAP EPS of $2.77 and adjusted EPS of $2.86. Both figures are diluted continuing operations EPS and are preliminary and subject to change upon completion of all quarter-end close processes.

2. 02

   The company said preliminary adjusted EPS of $2.86 exceeded the top end of its previous Q1 adjusted EPS guidance of $2.75 to $2.85. Prior-year first quarter GAAP EPS was $2.73 and adjusted EPS was $2.82, with changes of 1% respectively.

3. 03

   Air Products said it incurred costs of $29.9 ($21.9 after tax, or $0.10 per share) in the first quarter of fiscal 2025 in connection with its response to a proxy contest led by activist shareholder Mantle Ridge L.P. The costs include legal and other professional service fees as well as incremental proxy solicitation costs.

4. 04

   The company said it recognized an unrealized gain of $38.8 related to the de-designation of cash flow hedge accounting for interest rate swaps of NEOM Green Hydrogen Company in the first quarter of fiscal 2025, of which $10.3 after tax (or $0.05 per share) was attributable to Air Products. It excluded this from adjusted EPS.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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