Question · Q3 2025
Jeff Zajkowski from JPMorgan Chase & Co. inquired about the financial impact of helium and rare gas price pressure, asking if the estimated $50 million year-over-year penalty and 1.5% to 2.5% EPS growth trimming was accurate.
Answer
CEO Sanjiv Lamba confirmed that APAC pricing, excluding helium and rare gases, was positive, noting China's deflationary environment. CFO Matt White broadly agreed with the math, stating that the combined volume and pricing impact from helium and rare gases could be a 1% to 2% impact on EPS year-on-year, likely at the lower end of that range, with APAC being most affected. He also mentioned some stabilization in rare gas pricing but uncertainty regarding Russian helium supply.