Air Products and Chemicals, Inc. (APD) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Now, I'm pleased to turn the call over to Eduardo. Thank you, Ed. This is Eduardo Menezes. Thank you for joining us. Please turn to slide 3. We have brought a keen, deliberate, solid fiscal third quarter results. Our adjusted earnings per share of $3.09 exceeded our guidance and were higher than last year on a comparable basis, excluding the impact of the LNG's business sales. We saw positive base business results, despite significant global season headwinds and continue to see positive cost savings across the organization from our productivity actions. Their product has a solid core industrial gas business with significant potential. The results this quarter show the strengths and the limits of our base business. I'm confident we can continue to improve margins and unlock value through systematic cost productivity, pricing, and operational excellence. Let me share some examples of how we are executing our solid duty commitments. We continue to review and optimize our portfolio. The previously announced global cost reduction plan remains on track and will generate significant savings. Once all actions under the plan are fully executed, we expect to realize annual savings of $185 to $195 million. Our product has the lowest FGMA as a percentage of sales in the industry and we are continuing to improve on this measure. We are investing to bring additional AI and digital transformation tools to the majority of our employees for use in today's -to-day work. I expect the combination of the AgressLOOCH project and large ongoing AI corporate initiatives in areas like energy management will significantly change the way we work and open many new quality opportunities for our products. We are committed to project execution in several disciplines. We expect to finalize the curre...