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L'Air Liquide SA Earnings Calls
| Release date | Feb 20, 2026 |
| EPS estimate | $3.75 |
| EPS actual | $3.70 |
| EPS Surprise | -1.33% |
| Revenue estimate | 15.565B |
| Revenue actual | 15.525B |
| Revenue Surprise | -0.258% |
| Release date | Jun 30, 2025 |
| EPS estimate | $3.81 |
| EPS actual | $3.67 |
| EPS Surprise | -3.67% |
| Revenue estimate | 16.192B |
| Revenue actual | 16.157B |
| Revenue Surprise | -0.215% |
| Release date | Jul 24, 2025 |
| EPS estimate | - |
| EPS actual | - |
| Revenue estimate | - |
| Revenue actual | - |
| Release date | Dec 31, 2024 |
| EPS estimate | $3.30 |
| EPS actual | $2.92 |
| EPS Surprise | -11.52% |
| Revenue estimate | 14.101B |
| Revenue actual | 14.165B |
| Revenue Surprise | 0.454% |
Last 4 Quarters for L'Air Liquide SA
Below you can see how AIQUF performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Dec 31, 2024 |
| Price on release | $147.66 |
| EPS estimate | $3.30 |
| EPS actual | $2.92 |
| EPS surprise | -11.52% |
| Date | Price |
|---|---|
| Dec 24, 2024 | $145.68 |
| Dec 26, 2024 | $146.78 |
| Dec 27, 2024 | $147.02 |
| Dec 30, 2024 | $142.31 |
| Dec 31, 2024 | $147.66 |
| Jan 02, 2025 | $145.14 |
| Jan 03, 2025 | $144.64 |
| Jan 06, 2025 | $148.70 |
| Jan 07, 2025 | $151.59 |
| 4 days before | 1.36% |
| 4 days after | 2.66% |
| On release day | -1.71% |
| Change in period | 4.06% |
| Release date | Jul 24, 2025 |
| Price on release | $185.36 |
| EPS estimate | - |
| EPS actual | - |
| Date | Price |
|---|---|
| Jul 18, 2025 | $181.65 |
| Jul 21, 2025 | $182.54 |
| Jul 22, 2025 | $182.41 |
| Jul 23, 2025 | $186.36 |
| Jul 24, 2025 | $185.36 |
| Jul 25, 2025 | $182.98 |
| Jul 28, 2025 | $181.56 |
| Jul 29, 2025 | $183.18 |
| Jul 30, 2025 | $180.29 |
| 4 days before | 2.04% |
| 4 days after | -2.74% |
| On release day | -1.28% |
| Change in period | -0.753% |
| Release date | Jun 30, 2025 |
| Price on release | $187.58 |
| EPS estimate | $3.81 |
| EPS actual | $3.67 |
| EPS surprise | -3.67% |
| Date | Price |
|---|---|
| Jun 24, 2025 | $185.99 |
| Jun 25, 2025 | $184.46 |
| Jun 26, 2025 | $185.76 |
| Jun 27, 2025 | $187.27 |
| Jun 30, 2025 | $187.58 |
| Jul 01, 2025 | $185.48 |
| Jul 02, 2025 | $188.40 |
| Jul 03, 2025 | $187.40 |
| Jul 07, 2025 | $187.04 |
| 4 days before | 0.86% |
| 4 days after | -0.291% |
| On release day | -1.12% |
| Change in period | 0.562% |
| Release date | Feb 20, 2026 |
| Price on release | $187.51 |
| EPS estimate | $3.75 |
| EPS actual | $3.70 |
| EPS surprise | -1.33% |
| Date | Price |
|---|---|
| Feb 13, 2026 | $182.02 |
| Feb 17, 2026 | $180.00 |
| Feb 18, 2026 | $180.12 |
| Feb 19, 2026 | $179.99 |
| Feb 20, 2026 | $187.51 |
| Feb 23, 2026 | $186.80 |
| Feb 24, 2026 | $189.87 |
| Feb 25, 2026 | $190.90 |
| Feb 26, 2026 | $190.90 |
| 4 days before | 3.02% |
| 4 days after | 1.81% |
| On release day | -0.378% |
| Change in period | 4.88% |
L'Air Liquide SA Earnings Call Transcript Summary of Q4 2025
Air Liquide delivered resilient 2025 results: group sales +2% (comparable), recurring net profit +10% (ex-FX), record Gas & Services OI margin improvement of +130 bps (ex-energy pass-through) and group OIR +100 bps. Recurring ROCE is above 11% and cash flow reached a record EUR 6.8bn, enabling gross CapEx of EUR 4.1bn and a proposed dividend increase to EUR 3.70 (+12%) plus a 1-for-10 free share proposal. The company recorded EUR 631m of efficiencies in 2025 (above the EUR 400m annual ADVANCE objective) and launched a structural transformation (organization simplification, industrial excellence, expanded GBS and AI-driven commercial automation) with ~5% headcount reduction since 2024 and further restructuring charges (~EUR 200m, mainly Europe). Backlog and 12‑month opportunities are at record levels (backlog ~EUR 4.9bn; 12-month opportunities EUR 4.6bn), with Electronics now representing ~40%+ of opportunities and a strong pipeline in carrier gases. The DIG Airgas acquisition closed in January 2026 and modestly increases backlog/opportunity figures. Management reaffirms disciplined capital allocation: CapEx and M&A prioritized, while distributions (dividend and potential future share actions) will be considered against cash generation and opportunities. Guidance: additional +100 bps OIR improvement targeted for 2026 and management extended the margin ambition by another +100 bps for 2027 (cumulative +560 bps over 2022–2027). Key risks/notes: energy pass-through protections in contracts, continued macro/geopolitical headwinds, regional demand variability (mixed Asia/Large Industry), EUR 200m restructuring nonrecurring costs in Europe, and no material at-risk projects in backlog.
