Filing Flows › Air Products & Chemicals (APD) › Q2 FY25
Air Products & Chemicals (APD) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 1, 2025
Air Products & Chemicals (APD) reported revenue of $2.9B for the second quarter fiscal 2025 (Q2 FY25), -0.5% from a year earlier and -0.5% from the quarter before. Operating margin was -79.8%, net loss $1.7B (59.6% of revenue).
Air Products & Chemicals, Q2 FY25: revenue $2.9B (-0.5% year over year), operating margin -79.8%, net loss $1.7B, operating cash flow $328M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9B | -0.5% | -0.5% |
| Operating profit | −$2.3B | — | — |
| Net earnings | −$1.7B | — | — |
| Operating cash flow | $328M | -60% | -59% |
What changed
Revenue was $2.9B in Q2 FY25, roughly flat year over year and down 1% from the previous quarter.
Operating costs exceeded revenue by $2.3B, an operating margin of -79.8%. Total costs grew 129% against flat revenue. The fastest-growing cost line was Other operating costs (+8197%). The quarter ended with a net loss of $1.7B, after a profit of $0.65B the previous quarter. Minority interests bore $0.01B of it: to shareholders the quarter was a loss of $1.7B.
Operating cash flow was $0.33B (down 59% year over year). Non-cash charges added back $0.38B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $1.6B. Capital expenditures of $1.9B exceeded it, leaving free cash flow of −$1.6B.
Questions
What was Air Products & Chemicals' revenue in the second quarter fiscal 2025?
Air Products & Chemicals (APD) reported revenue of $2.9B for the second quarter fiscal 2025 (Q2 FY25), -0.5% from a year earlier and -0.5% from the quarter before.
Was Air Products & Chemicals profitable in the second quarter fiscal 2025?
Operating loss was $2.3B (-79.8% of revenue) and net loss $1.7B.