Core Insights - Air Products and Chemicals (APD) reported quarterly earnings of $3.16 per share, exceeding the Zacks Consensus Estimate of $3.04 per share, and up from $2.86 per share a year ago [1] - The company achieved revenues of $3.1 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.90% and increasing from $2.93 billion year-over-year [3] Earnings Performance - The earnings surprise for the quarter was +3.91%, while the previous quarter had a surprise of -0.59% [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times [2] Stock Performance - Air Products and Chemicals shares have increased approximately 3.6% since the beginning of the year, compared to the S&P 500's gain of 1.8% [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $3.05, with expected revenues of $3.05 billion, and for the current fiscal year, the EPS estimate is $12.97 on revenues of $12.48 billion [8] - The estimate revisions trend for the company was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [7] Industry Context - The Chemical - Diversified industry, to which Air Products and Chemicals belongs, is currently ranked in the bottom 14% of over 250 Zacks industries, suggesting potential challenges ahead [9]