Air Products falls on 2025 earnings forecast cut

Shares of industrial gas company Air Products APD.N fall 5.4% to $256.50 premarket

Company slashes current-year profit forecast after reporting lower-than-expected Q2 earnings, hurt by lower volumes and higher costs

APD lowers its 2025 adjusted profit forecast to $11.85/shr to $12.15/shr from a previous forecast of $12.70/shr to $13.00/shr

Company posts Q2 adjusted profit of $2.69/shr vs estimate of 2.83/shr - data compiled by LSEG

As of last close, company's shares down 4.3% YTD