Air Products & Chemicals, Inc.
For the period ended Jun 30, 2025. Filed Jul 31, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 31, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Business Segment Information
- BUSINESS SEGMENT INFORMATION
We manage our operations, assess performance, and report earnings under the following reportable segments:
Americas;
Asia;
Europe;
Middle East and India; and
Corporate and other.
Our reportable segments reflect the manner in which our chief operating decision maker reviews results and allocates resources. We evaluate the performance of our segments based upon segment operating income (loss). Except for the Corporate and other segment, each reportable segment meets the definition of an operating segment and does not include the aggregation of multiple operating segments. Our Corporate and other segment includes the aggregation oftwo operating segments that meet the aggregation criteria under GAAP.
Summary by Business Segment
| Americas · Asia · Europe · Middle East and India · Corporate and other · Total | |||||||
|---|---|---|---|---|---|---|---|
| Three Months Ended 30 June 2025 | |||||||
| Sales | $1,261.0 | $810.0 | $770.5 | $38.3 | $142.9 | $3,022.7 | (A) |
| Operating income (loss) | 374.1 | 216.8 | 225.2 | 8.1 | (83.1) | 741.1 | (B) |
| Depreciation and amortization | 192.4 | 126.7 | 64.9 | 6.8 | 10.2 | 401.0 | |
| Equity affiliates' income | 37.8 | 9.5 | 29.7 | 86.0 | 4.6 | 167.6 | (B) |
| Three Months Ended 30 June 2024 | |||||||
| Sales | $1,234.7 | $789.6 | $693.4 | $32.8 | $235.0 | $2,985.5 | (A) |
| Operating income (loss) | 391.1 | 200.1 | 204.7 | (1.4) | (56.9) | 737.6 | (B) |
| Depreciation and amortization | 175.6 | 115.5 | 52.2 | 6.8 | 10.2 | 360.3 | |
| Equity affiliates' income | 37.5 | 8.7 | 26.3 | 89.2 | 7.2 | 168.9 | (B) |
| Nine Months Ended 30 June 2025 | |||||||
|---|---|---|---|---|---|---|---|
| Sales | $3,835.8 | $2,401.2 | $2,195.1 | $103.9 | $334.4 | $8,870.4 | (A) |
| Operating income (loss) | 1,128.0 | 624.6 | 607.2 | 4.6 | (318.5) | 2,045.9 | (B) |
| Depreciation and amortization | 544.2 | 381.4 | 176.2 | 19.7 | 29.9 | 1,151.4 | |
| Equity affiliates' income | 104.1 | 30.3 | 75.6 | 249.2 | 11.3 | 470.5 | (B) |
| Nine Months Ended 30 June 2024 | |||||||
| Sales | $3,732.6 | $2,363.1 | $2,092.5 | $103.9 | $621.0 | $8,913.1 | (A) |
| Operating income (loss) | 1,117.4 | 614.9 | 603.3 | 8.1 | (245.0) | 2,098.7 | (B) |
| Depreciation and amortization | 519.4 | 343.7 | 151.2 | 20.1 | 35.9 | 1,070.3 | |
| Equity affiliates' income | 118.8 | 21.2 | 58.7 | 256.0 | 15.9 | 470.6 | (B) |
| Total Assets | |||||||
| 30 June 2025 | $11,871.1 | $7,269.9 | $6,871.1 | $10,510.1 | $5,136.9 | $41,659.1 | |
| 30 September 2024 | 12,383.8 | 7,436.5 | 5,849.2 | 8,477.4 | 5,427.7 | 39,574.6 | |
(A)Sales relate to external customers only. All intersegment sales are eliminated in consolidation.
(B)Refer to the "Reconciliation to Consolidated Results" section below.
Reconciliation to Consolidated Results
The table below reconciles total operating income disclosed in the table above to consolidated operating income (loss) as reflected on our consolidated income statements:
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| 30 June | 30 June | |||
| Operating Income (Loss) | 2025 | 2024 | 2025 | 2024 |
| Total | $741.1 | $737.6 | $2,045.9 | $2,098.7 |
| Business and asset actions | (24.1) | — | (2,952.0) | (57.0) |
| Shareholder activism-related costs | (25.0) | — | (86.3) | — |
| Gain on sale of business | 67.3 | — | 67.3 | — |
| Gain on sale of other assets(A) | 31.3 | — | 31.3 | — |
| Consolidated Operating Income (Loss) | $790.6 | $737.6 | ($893.8) | $2,041.7 |
(A) Reflected on the consolidated income statements within "Other income (expense), net."
| The table below reconciles total equity affiliates' income disclosed in the table above to consolidated equity affiliates' income as reflected on our consolidated income statements: | ||||
|---|---|---|---|---|
| Three Months Ended · Nine Months Ended | ||||
| 30 June | 30 June | |||
| Equity Affiliates' Income | 2025 | 2024 | 2025 | 2024 |
| Total | $167.6 | $168.9 | $470.5 | $470.6 |
| Equity method investment impairment associated with business and asset actions | — | — | (6.8) | — |
| Consolidated Equity Affiliates' Income | $167.6 | $168.9 | $463.7 | $470.6 |
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