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Air Products sees 5% profit rise in Q1 despite revenue dip

Gas
February 7, 2025

Air Products reported steady profit growth, with GAAP net income rising 5% year-over-year in its Q1 2025 financial results, despite a 2% revenue decline primarily due to the sale of its LNG business.

The industrial gas giant published its financials just days after naming former Linde executive Eduardo Menezes as its new CEO, effective today (7^th February).

Menezes takes over from Seifi Ghasemi, who has led Air Products since 2014 and shaped its two-pillar strategy on hydrogen and industrial gases.

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