APD Earnings

tronics and Aerospace Continued focus on key priorities: unlock earnings growth, optimize large projects, maintain capital discipline Raising fiscal 2026 full-year adjusted EPS guidance* Q2 FY26 Summary of Results : • GAAP earnings per share ("EPS") # of $3.19 and GAAP operating income of $753 million, each up over 130% versus prior year • Adjusted EPS * of $3

ed operating income* of $753 million, each up 19 percent versus prior year and exceeding top-end of adjusted EPS* guidance Guidance • Raising fiscal 2026 full-year adjusted EPS guidance * to $13.00 to $13.25; fiscal 2026 third quarter adjusted EPS guidance * of $3.25 to $3.35 • Continue to expect fiscal year 2026 capital expenditures * of approximately $4.

t volume, Air Products now expects full-year fiscal 2026 adjusted EPS guidance * in the range of $13.00 to $13.25. For the fiscal 2026 third quarter, Air Products' adjusted EPS guidance * is $3.25 to $3.35. Air Products remains cautious given uncertainty around the macroeconomic environment but expects to see benefits in the second half from continued non-heli

16, up 10 percent and exceeding top-end of guidance; adjusted operating income * of $757 million, up 12 percent Guidance • Maintaining fiscal 2026 full-year adjusted EPS guidance * of $12.85 to $13.15; fiscal 2026 second quarter adjusted EPS guidance * of $2.95 to $3.10 • Continue to expect fiscal year 2026 capital expenditures * of approximately $4.

are necessary to calculate forward-looking adjusted EPS from continuing operations and capital expenditures, respectively. Refer to the “Capital Expenditures” and “Adjusted EPS Outlook” sections on pages 10 and 11 , respectively, for additional information. -more- Page 2 of 11 Fiscal 2026 First Quarter Results by Business Segment • Americas sales of $1.

Accordingly, management is unable to fully reconcile, without unreasonable efforts, our forecasted capital expenditures to future cash used for investing activities. We expect capital expenditures of approximately $4.0 billion for fiscal year 2026. -more- Page 11 of 11 Adjusted EPS Outlook (Non-GAAP) The adjusted EPS guidance below is provided on a