Air Products stock clears 1% move as fiscal 2027 outlook holds

Air Products stock traded at 281.75 euros on Lang & Schwarz at 15:40 CET on Wednesday, November 11, 2026, 1.71 percent above the 277.00-euro quote published in the previous report on November 10. The move gives investors a fresh market reference as the company starts fiscal 2027 with a higher adjusted earnings outlook.

Air Products & Chemicals reported its fiscal 2026 fourth-quarter and full-year results on November 5. The company's SEC filing confirms the results release and identifies APD as the New York Stock Exchange ticker.

Backlog shifts toward industrial gases

Management said the traditional industrial gas project backlog had reached 3.3 billion US dollars, with more than 2 billion US dollars of project wins during the past 12 months. Electronics customers account for a significant share of the pipeline, supporting a greater focus on recurring industrial gas projects.

More than 1 billion US dollars of fiscal 2027 capital spending is expected to support traditional industrial gas growth projects. Total capital expenditures are guided at 3.0 billion to 3.5 billion US dollars, compared with 3.3 billion US dollars in fiscal 2026.

Execution remains the key test

Air Products expects adjusted fiscal 2027 earnings per share of 14.15 to 14.50 US dollars, compared with 13.45 US dollars in fiscal 2026. First-quarter adjusted earnings are forecast at 3.35 to 3.45 US dollars per share.

Management expects productivity actions, pricing and contributions from new assets to support operating margins. The outlook assumes no material financial contribution from NEOM in fiscal 2027, while a first-quarter helium headwind and project-exit costs remain relevant execution factors.

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