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Air Products10-Q: Divestiture

APD takes ~$80M in charges and adjustments from project exits and cost errors

What happened

The company recorded a $22M charge for project exits and a separate $58M unfavorable impact from incorrect cost estimates on equipment sale projects in the first half of FY2026.

Source

SEC EDGARApr 30, 2026

Quarterly report (Form 10-Q)

Air Products 10-Q

Filing excerpt

During the first six months of fiscal year 2026, we recorded changes to project revenue and cost estimates on certain sale of equipment projects... Accordingly, we recorded cumulative effect adjustments that unfavorably impacted operating income by approximately $25 and $58 for the three and six months ended 31 March 2026, respectively.

sec.gov/Archives/edgar/data/2969/000000296926000020/apd-20260331.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Divestiture

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
03/31
Filed
Apr 30, 2026

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The full record

From the Signal API record

Numbers

Dollar figure
$80M (Charges and unfavorable adjustments related to project exits and cost estimate errors in the first six months of fiscal year 2026)

Details

CIK
2969
Accession number
0000002969-26-000020
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Carve-out support needed
Signal category
Strategic

Extraction

Confidence
High
Relevance
85%
Sentiment
Negative
Detected
May 5, 2026
signal_type
sec-10q
signal_subtype
divestiture

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/a5ded1eb-1479-4f3a-9d1e-db9ae1fb9813 returns this record as JSON. POST /v1/companies/enrich returns every signal for airproducts.com.

{
  "signal_id": "a5ded1eb-1479-4f3a-9d1e-db9ae1fb9813",
  "signal_type": "sec-10q",
  "signal_subtype": "divestiture",
  "detected_at": "2026-05-05T08:48:21.418+00:00",
  "company": {
    "name": "Air Products",
    "domain": "airproducts.com"
  },
  "data": {
    "detail": "The company recorded a $22M charge for project exits and a separate $58M unfavorable impact from incorrect cost estimates on equipment sale projects in the first half of FY2026. This indicates significant challenges in project management and financial forecasting, creating an opportunity for solutions that improve visibility, control, and predictability of large capital projects.",
    "metrics": {
      "timeframe": "current_quarter",
      "dollar_context": "Charges and unfavorable adjustments related to project exits and cost estimate errors in the first six months of fiscal year 2026",
      "dollar_millions": 80
    },
    "summary": "APD takes ~$80M in charges and adjustments from project exits and cost errors",
    "excerpts": "During the first six months of fiscal year 2026, we recorded changes to project revenue and cost estimates on certain sale of equipment projects... Accordingly, we recorded cumulative effect adjustments that unfavorably impacted operating income by approximately $25 and $58 for the three and six months ended 31 March 2026, respectively.",
    "relevance": 0.85,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/2969/000000296926000020/apd-20260331.htm",
    "filing_date": "2026-04-30",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "03/31",
    "sales_relevance": "Carve-out support needed",
    "signal_category": "strategic"
  }
}

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