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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) has announced plans to construct a multi-modal hydrogen refueling station in Edmonton, Alberta, marking its first such facility in Canada. This station will support the company’s new $1.6 billion CAD net-zero hydrogen energy complex, set to open in early 2025. The station will include two refueling lanes for heavy-duty vehicles and two for light-duty hydrogen fuel cell cars, with a daily capacity of up to six tonnes of hydrogen. The project is partly funded by $1 million CAD from Natural Resources Canada. This initiative aims to promote hydrogen as an emissions-free transportation fuel and is part of Canada's goal to achieve net-zero emissions by 2050. Air Products continues to lead in the hydrogen economy, operating a comprehensive hydrogen pipeline network and multiple production facilities across Canada.
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.
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