US industrial gas major Air Products has reported its third quarter fiscal 2025 financial results, with sales rising 1% year-on-year to $3bn and GAAP EPS increasing 4% to $3.24.
Adjusted operating income was flat at $741m, as growth in on-site volumes, improved non-helium pricing, and productivity gains were offset by the September sale of its LNG business to Honeywell, weaker global helium demand, and previously announced project exits. Adjusted EPS fell 3% year-on-year to $3.09.
Eduardo Menezes, CEO of Air Products, described the results as solid, and they were in contrast to the $1.7bn second quarter loss, which saw the company return .
“The Air Products team delivered solid results this quarter that exceeded guidance and were higher than last year on a comparable basis, excluding the impact of the LNG sale,” he said.
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