Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals. It also designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage. Air Products and Chemicals, Inc. has a strategic collaboration with Baker Hughes Company to develop hydrogen compression systems. The company was founded in 1940 and is headquartered in Allentown, Pennsylvania.

Air Products and Chemicals, Inc.

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Other Income (Expense), Net

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Operating Income

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Income from Continuing Operations Before Taxes

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Net Income Attributable to Air Products

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Income from Discontinued Operations, Net of Tax

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Net Income

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Net Income Attributable to Noncontrolling Interests

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Net Income Attributable to Noncontrolling Interests of Discontinued Operations

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Total Revenues

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Selling, General & Administrative Expenses

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Interest and Investment Income

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Revenue

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Net Interest Income

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Income Statement	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Total Revenues	12,003.3	12,150.9	12,113.7	12,127.7	12,193.6	12,104.4
Total Revenues %Chg	-1.6%	0.4%	-0.3%	-2.4%	-3.2%	-6.7%
Sales
Cost of Sales	8,256	8,212.9	8,178.4	8,116	8,166.7	8,271.5
Cost of Sales
Gross Profit	3,747.3	3,938	3,935.3	4,011.7	4,026.9	3,832.9
Gross Profit Margin	31.2%	32.4%	32.5%	33.1%	33%	31.7%
Selling, General & Administrative Expenses	906.1	915	927.8	946.4	942.4	947.1
Selling and Administrative Expense
Research & Development Expenses	96.3	91.1	94	96.5	100.2	102.8
Research and Development Expense
Other Operating Expenses	3,655.9	-2.8	-11.4	-50.4	-1,576.8	-54.3
Facility Closure
Business Separation Costs
Business and Asset Actions
Pension Settlement Loss
Goodwill and Intangible Asset Impairment Charge
Gain on Previously Held Equity Interest
Gain on Exchange with Joint Venture Partner
Shareholder Activism-Related Costs
Gain on Sale of Business
Other Income (Expense), Net
Operating Profit	-971	1,564.4	1,511.4	4,476.6	4,499.9	2,780.3
Operating Income
Operating Margin	-8.1%	12.9%	12.5%	36.9%	36.9%	23%
Interest and Investment Income	647.7	640.8	642.1	639.9	647.7	634
Equity Affiliates' Income
Interest Expense	-214	-195.9	-190.2	-207.9	-218.8	-217.1
Interest Expense
Non-Operating Income	2.6	-34.2	-29.5	-20.1	-73.8	-38.1
Other Non-Operating Income, Net
Loss on Extinguishment of Debt
Total Non-Operating Income	436.3	410.7	422.4	411.9	355.1	378.8
Income Before Provision for Income Taxes	-440.7	1,941.3	1,900	4,854.7	4,821.2	3,159.1
Income from Continuing Operations Before Taxes
Provision for Income Taxes	-94.3	332.9	313.9	950.2	944.9	560.7
Income Tax Expense (Benefit)
Consolidated Net Income	-346.4	1,608.4	1,586.1	3,904.5	3,876.3	2,598.4
Income from Continuing Operations
Net Income Attributable to Minority Interests and Other	40.1	36	38.9	54.3	34.2	34.9
Net Income Attributable to Noncontrolling Interests
Net Income Attributable to Noncontrolling Interests of Discontinued Operations
Net Income Attributable to Discontinued Operations	-8	—	—	—	-13.9	—
Income from Discontinued Operations, Net of Tax
Income (Loss) from Discontinued Operations
Net Income Attributable to Common Shareholders	-394.5	1,564.4	1,547.2	3,850.2	3,842.1	2,570.9
Net Income Attributable to Air Products
Basic EPS	-1.8	7	6.9	17.2	17.2	11.5
Diluted EPS	-1.8	7	6.9	17.2	17.2	11.5
Basic Weighted Average Shares Outstanding	222.7	222.7	222.7	222.6	222.5	222.5
Total Shares Outstanding	222.6	222.6	222.5	222.5	222.4	222.3
Diluted Weighted Average Shares Outstanding	222.7	222.9	222.8	222.8	222.8	222.8
EBITDA	593.2	3,096.6	3,002.9	5,945.3	5,951	4,207.9
Effective Tax Rate	21.4%	17.1%	16.5%	19.6%	19.6%	17.7%