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Air Products & Chemicals, Inc. (NYSE: APD) is a world-leading industrial gases company that has been making a positive impact on lives globally since its establishment in 1940. With over 20,000 employees and operations in more than 50 countries, Air Products provides essential services to a wide array of industries from food and beverage, healthcare, and personal care, to energy, transportation, and semiconductors.
Core Business: Air Products specializes in supplying atmospheric gases, process and specialty gases, performance materials, and related equipment and services. It is recognized as the largest supplier of hydrogen and helium worldwide.
Financial Performance: In fiscal 2023, Air Products generated $12.6 billion in revenue. The company continues to show strong financial health, reporting a GAAP EPS of $2.57 in Q2 FY24, a 30% increase from the previous year, and an adjusted EPS of $2.85, up 4% from the prior year.
Innovative Projects and Achievements: Air Products has been actively investing in sustainable projects. The company plans to invest $15 billion in clean energy projects by 2027. Recent developments include the successful performance test of its AP-DMR™ LNG Process technology in Mozambique and plans to build multi-modal hydrogen refueling stations across California and Canada.
Partnerships: Air Products has formed strategic alliances to enhance its service offerings. Notably, it has a 15-year agreement with TotalEnergies to supply 70,000 tons of green hydrogen annually starting in 2030, significantly reducing CO2 emissions.
Community and Sustainability: The company has been listed among Barron's 100 Most Sustainable Companies for six consecutive years. Air Products’ dedication extends to community engagement, exemplified by its donation pledge to the AIST Foundation to promote careers in the steel industry.
For more information, visit Air Products' official website.
Air Products (NYSE:APD) is set to release its fiscal 2023 second quarter financial results prior to market opening on May 9, 2023. A teleconference will follow at 8:30 a.m. ET, open to the public and media in listen-only mode. Air Products, a leading industrial gases company, reported $12.7 billion in sales for fiscal 2022, operating in over 50 countries with a market capitalization of about $65 billion. The company focuses on sustainability and serves various industries including refining, chemicals, and manufacturing. It also leads in liquefied natural gas technology and operates large-scale clean hydrogen projects. For more information, the teleconference can be accessed via phone or the Event Details page.
Air Products (NYSE: APD) has announced plans to build, own, and operate two nitrogen plants in Malaysia's Penang region. The new plants will be located in the Bayan Lepas Free Industrial Zone and Batu Kawan Industrial Park, bolstering the company’s capacity and infrastructure to meet rising demand in the area. This investment underscores Air Products' commitment to sustainable growth and operational reliability, particularly in the electrical and electronics manufacturing sectors. The company has a long-standing presence in Malaysia, having operated since 1974, with a total of nine production facilities across the country. With fiscal 2022 sales of $12.7 billion, Air Products continues to position itself as a leader in the industrial gases market, focusing on customer safety and sustainability.
On March 27, 2023, Air Products (NYSE: APD) announced securing contracts worth over $130 million from NASA for liquid hydrogen supply to several locations, including the Kennedy Space Center and Cape Canaveral Space Force Station.
The multi-year contract, valued at approximately $75 million, is already in effect, while another exceeds $57 million. Air Products has a long-standing relationship with NASA and plans significant investments, including $15 billion for clean energy projects globally.
Fiscal 2022 sales reached $12.7 billion, with a market cap of $65 billion.
Air Products (NYSE: APD) announced its withdrawal from the coal-to-methanol Bengalon project in East Kalimantan, Indonesia, as well as other coal gasification initiatives in the country. This strategic shift reallocates resources towards blue and green hydrogen projects, reflecting the evolving financial landscape for energy transition investments. The company continues to uphold its core industrial gas business in Indonesia and plans to provide more updates during its fiscal second quarter earnings call. Air Products achieved fiscal 2022 sales of
Air Products announced that
Air Products (NYSE:APD) will present its innovative freezing and chilling solutions for seafood processors at the Seafood Expo North America, scheduled for March 12-14, 2023, in Boston. The company will showcase its Freshline® IQF+ Tunnel Freezer, designed for high efficiency and throughput, and the Freshline® MP Tunnel Freezer, which emphasizes hygiene and performance. The technology enables rapid chilling and freezing, significantly reducing product weight loss while maintaining moisture and quality. Air Products has over 50 years of experience in cryogenic applications and offers engineering services, testing capabilities, and audits to optimize cryogen usage.
Air Products announced that its Chairman and CEO, Seifi Ghasemi, will speak at the J.P. Morgan 2023 Industrials Conference on March 15, 2023, at 8:00 a.m. USET. Investors can access the session through Air Products' Investor Relations website. The company, trading under the ticker APD, is a leader in industrial gases, generating $12.7 billion in fiscal 2022 sales and boasting a market cap of approximately $65 billion. Air Products focuses on sustainability and offers solutions across various industries, contributing to the energy transition and carbon capture projects.
Air Products (NYSE:APD) will showcase its industrial gases at the Natural Products Expo West from March 9-11 in Anaheim, California. The company will focus on the benefits of its Freshline® solutions, particularly for plant-based food processing. Key technologies include the Freshline® IQF+ Tunnel Freezer, which offers higher efficiency and quality for Individually Quick Frozen products, and the Freshline® Bottom Injection Cooling System, enhancing mixing and consistency. Air Products seeks to demonstrate how cryogenic gases improve food freezing and chilling processes, reducing time and preserving quality.
Air Products has announced the issuance of its inaugural green bond offerings totaling $600 million in U.S. dollar-denominated notes and €700 million in euro-denominated notes. The bonds have designated eligible expenditures including green and blue hydrogen, renewable energy, and sustainable aviation fuel, emphasizing the company's commitment to sustainability as a growth strategy. This makes Air Products the first U.S. chemical company to offer green bonds with hydrogen as eligible spending. The net proceeds will finance environmental projects and the company will provide annual updates on these projects' allocations.
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