Eduardo Menezes
President and CEO
Replay available
Air Products and Chemicals, Inc. (APD) Q3 2025 Earnings Call
Air Products and Chemicals, Inc. (NYSE: APD) Q3 2025 earnings conference call, held 2025-07-31. Replay captured from the company's public earnings webcast.
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Replay transcript excerpt
WEBVTT 00:00:00.000 -- 00:00:04.200 Now, I'm pleased to turn the call over to Eduardo. 00:00:04.200 -- 00:00:07.700 Thank you, Ed. This is Eduardo Menezes. Thank you for joining us. 00:00:07.700 -- 00:00:12.760 Please turn to slide 3. We have brought a keen, deliberate, solid fiscal third quarter 00:00:12.760 -- 00:00:17.780 results. Our adjusted earnings per share of $3.09 exceeded 00:00:17.780 -- 00:00:22.820 our guidance and were higher than last year on a comparable basis, excluding the 00:00:22.820 -- 00:00:28.220 impact of the LNG's business sales. We saw positive base business results, despite 00:00:28.220 -- 00:00:33.420 significant global season headwinds and continue to see positive cost savings 00:00:33.420 -- 00:00:36.960 across the organization from our productivity actions. 00:00:36.960 -- 00:00:41.840 Their product has a solid core industrial gas business with significant potential. 00:00:41.840 -- 00:00:46.920 The results this quarter show the strengths and the limits of our base business. 00:00:46.920 -- 00:00:52.040 I'm confident we can continue to improve margins and unlock value through systematic 00:00:52.040 -- 00:00:55.480 cost productivity, pricing, and operational excellence. 00:00:55.480 -- 00:01:01.620 Let me share some examples of how we are executing our solid duty commitments. 00:01:01.620 -- 00:01:04.840 We continue to review and optimize our portfolio. 00:01:04.840 -- 00:01:09.980 The previously announced global cost reduction plan remains on track and will generate 00:01:09.980 -- 00:01:15.560 significant savings. Once all actions under the plan are fully executed, 00:01:15.560 -- 00:01:21.760 we expect to realize annual savings of $185 to $195 million. 00:01:21.760 -- 00:01:26.920 Our product has the lowest FGMA as a percentage of sa...