Air Products and Chemicals(US:APD) ZACKSยท2025-05-01 14:40Core Viewpoint - Air Products and Chemicals, Inc. reported a significant loss in Q2 fiscal 2025, with adjusted earnings per share falling short of expectations due to lower volumes and higher costs, despite some favorable pricing [1][2][6]. Financial Performance - The company recorded a loss of $7.77 per share compared to earnings of $2.57 per share in the same quarter last year [1]. - Adjusted earnings per share were $2.69, missing the Zacks Consensus Estimate of $2.84, and fell 6% from the prior-year quarter [1]. - Revenues totaled $2,916.2 million, down approximately 0.5% year-over-year, and also below the Zacks Consensus Estimate of $2,950.1 million [2]. - Operating income decreased by 2% to $366 million due to higher expenses from planned maintenance [3]. Segment Performance - In the Americas segment, revenues increased by 3.3% year-over-year to $1,287.2 million, but missed the consensus estimate of $1,350 million [2]. - The Europe segment saw revenues rise by 8.9% to $727.4 million, exceeding the consensus estimate of $686 million, although operating income declined by 3% [3]. - The Asia segment experienced a revenue decline of 0.7% to $774.1 million, falling short of the consensus estimate of $782 million, with operating income down 6% [4]. Financial Position - Cash and cash equivalents at the end of the quarter were $1,491.4 million, a decrease of about 19% from the previous quarter [5]. - Long-term debt increased by approximately 7.5% sequentially to $14,153.1 million [5]. Outlook - The company revised its full-year fiscal 2025 adjusted EPS outlook to a range of $11.85 to $12.15, with expectations of adjusted EPS between $2.90 and $3.00 for Q3 fiscal 2025 [6]. - Anticipated capital expenditures for fiscal 2025 are around $5 billion [6]. Stock Performance - Air Products' shares have increased by 14.1% over the past year, contrasting with a 24.7% decline in the industry [7].