FINWIRES · TerminalLIVE
FINWIRES

Research Alert: Air Products And Chemicals Posts Q2 Fy 26 Eps And Sales Beats, Guidance Raised

By

-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

APD posted Q2 FY 26 (Sep.) adj. EPS of $3.20 (+19% Y/Y, $0.14 above consensus), exceeding guidance, while sales rose 9% Y/Y to $3.2B. Operating margin expanded 210 bps to 23.7%, led by favorable volume mix and productivity improvements offsetting helium weakness. We view portfolio rationalization benefits as validation of management's strategic refocusing, with Asia's 25% operating income growth and Samsung selection for semiconductor projects reinforcing competitive positioning. Management lifted FY 26 adj. EPS guidance to $13.00-$13.25 (8%-10% growth), up from $12.85-$13.15. We expect nearly $1B in electronics projects ramping in 2H to drive volume growth over 18-24 months, while aerospace momentum continues with 40%-50% U.S. market share. The disciplined approach to Louisiana blue hydrogenrequiring CCS partnerships and returns above traditional hurdlesdemonstrates capital allocation rigor. With capex declining post-FY 27 as major projects complete, we expect accelerating cash generation beginning FY 28.

Related Articles

Australia

Cantor Fitzgerald Adjusts Price Target on eBay to $110 From $100

eBay (EBAY) has an average rating of hold and mean price target of $105.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $97.97, Change: $-5.82, Percent Change: -5.61%

$EBAY
International

Canada's Economy Remains on "Shaky Grounds" Based On GDP, While Payroll Data "Paint An Even More Fragile Picture", Says Desjardins

Today's GDP data showed Canada's economy remained on "shaky ground" through the first quarter of 2026, while today's payroll data "paint an even more fragile picture" of the economy, said Royce Mendes over at Desjardins.While Canadian gross domestic product advanced 0.2% month over month in February, in line with consensus, growth tailed off in March, while Statistics Canada's flash estimate points to a flat reading for the final month of Q1. Both the Desjardins quarterly estimate for GDP by expenditure and GDP by industry are tracking an annualized advance of roughly 1.5%, which is consistent with the Bank of Canada's most recent projection, Mendes noted.Given the weak handoff, Desjardins agrees with the central bank's forecast for another quarter of roughly 1.5% growth in Q2, he said.The Survey of Employment, Payrolls and Hours Payroll (SEPH) data, also released Thursday, showed the economy shed 60,000 jobs in February, more than reversing the increase of 44,000 positions in January.Weakness was relatively broad-based across categories, with losses seen in both trade-exposed and non-trade-exposed sectors. In the past few months, Ontario and Quebec have led the way lower, Mendes noted."The GDP and payroll data released today are consistent with an economy unlikely to produce excess inflationary pressures," Mendes said, before adding: "Should oil prices decline in the coming months, the Bank of Canada can remain on the sidelines, confident that the temporary effects of higher oil prices will not generate a sustained period of high inflation."

$$CXY
Australia

Hubbell Q1 Adjusted Earnings, Net Sales Increase

Hubbell (HUBB) reported Q1 adjusted earnings Thursday of $3.93 per diluted share, up from $3.38 a year earlier.Analysts surveyed by FactSet expected $3.87.Net sales for the quarter ended March 31 were $1.52 billion, up from $1.37 billion a year earlier.Analysts surveyed by FactSet expected $1.50 billion.For 2026, the company said it expects adjusted EPS of $19.30 to $19.85. Analysts polled by FactSet expect $19.71.Shares of the company fell 7% in recent premarket activity.Price: $507.60, Change: $-38.33, Percent Change: -7.02%

$HUBB