Air Products falls on 2025 earnings forecast cut
ReutersMay 1, 2025 2:33 PM
Industrial gas company Air Products' APD.N shares fall 2.2% to $264.68
Company cuts 2025 profit forecast after reporting weaker-than-expected Q2 earnings, hurt by lower sales volumes and higher costs
APD lowers its 2025 adjusted profit forecast to $11.85/shr-$12.15/shr vs previous forecast range of $12.70/shr to $13.00/shr
Company posts Q2 adjusted profit of $2.69/shr vs est 2.83/shr - LSEG
Including session's moves, company's shares down ~9% YTD
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