Air Liquide Q1 Revenues Down, Sees Higher Recurring Net Profit, Margin Ahead

Air Liquide reported lower first-quarter revenues, pointing to a modest near-term softness in operating performance. The company also guided to higher margin and recurring net profit in fiscal 2026, with higher margin again in fiscal 2027, which partly offsets the weaker quarterly read-through.

Analysis

Air Liquide reported lower first-quarter revenues, pointing to a modest near-term softness in operating performance. The company also guided to higher margin and recurring net profit in fiscal 2026, with higher margin again in fiscal 2027, which partly offsets the weaker quarterly read-through.