Is NEOM Charges, Raised EPS Guidance and Yara Deal Altering The Investment Case For Air Products (APD)?

In the third quarter of fiscal 2026, Air Products and Chemicals reported sales of US$3,161 million but moved from net income of US$713.8 million a year earlier to a net loss of US$1.44 billion, largely due to project exit charges. Despite the very large GAAP loss, the company delivered better-than-expected adjusted earnings, raised its full-year adjusted EPS guidance, reaffirmed its quarterly dividend of US$1.81 per share, and signed a renewable ammonia marketing agreement with Yara linked...