Air Products' second quarter 2026 adjusted EPS grew 19% to $3.20, prompting raised full-year guidance.

Air Products reported second quarter fiscal 2026 sales of $3.2 billion, an increase of 9% from the prior year. The company delivered adjusted EPS of $3.20, up 19% year-over-year, and raised its full-year fiscal 2026 adjusted EPS guidance.

Key Highlights

• On the back of strong first-half performance, the company raised its fiscal 2026 full-year adjusted EPS guidance to a range of $13.00 to $13.25.
• Sales growth was driven by a 4% increase in volumes and a 4% tailwind from favorable currency, which offset a 1% decline in pricing caused by lower helium prices.
• Adjusted operating margin expanded 210 basis points year-over-year to 23.7%, attributed to higher volumes and productivity improvements.