Welcome to our dedicated page for Air Products & Chemicals news (Ticker: APD), a resource for investors and traders seeking the latest updates and insights on Air Products & Chemicals stock.
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) and VPI have entered into a joint development agreement to create the Humber Hydrogen Hub (H3) in Immingham, UK. This initiative targets an 800MW low-carbon hydrogen production facility aimed at decarbonizing VPI's existing power operations. The facility plans to capture up to two million tonnes of CO2 annually, contributing to Net Zero goals by 2040. The project also seeks funding under the UK Government's Net Zero Hydrogen Fund to bolster hydrogen production initiatives, potentially generating hundreds of jobs during its construction and operation.
Air Products (NYSE: APD) is set to release its fiscal 2022 third quarter financial results on August 4, 2022, before market opening. The company will host a teleconference at 8:30 a.m. ET for public and media access. Information on accessing the live event and replay options is provided, including a dedicated teleconference number and internet broadcast. With fiscal 2021 sales at $10.3 billion and a market cap of approximately $55 billion, Air Products continues to lead in industrial gases and sustainable energy solutions.
Air Products (NYSE:APD) and Gunvor Petroleum Rotterdam have entered a joint development agreement for a green hydrogen import terminal in Rotterdam, expected to be operational by 2026. This initiative addresses the growing demand for renewable energy sources and supports the EU's climate objectives. The project is projected to generate EUR 260-425 million in indirect economic benefits, creating thousands of jobs. The companies aim to establish regulatory frameworks and funding support to ensure the project's success and integration into the EU's renewable energy targets.
Air Products (NYSE: APD) will exhibit its innovative industrial gas solutions for the agrochemical and specialty chemical sectors at Specialty & Agro Chemicals America from June 28-30, 2022, in Charleston, SC. Attendees can visit booth #937 to consult with experts on applications including inerting, hydrogenation, and water treatment. The company emphasizes its commitment to innovation through advanced testing labs in Allentown, PA. With over 80 years in the industry, Air Products reported $10.3 billion in sales for fiscal 2021 and has a market cap of approximately $55 billion.
Air Products (NYSE: APD) will showcase its hydrogen for mobility solutions at the VerdeXchange VX2022 Marketmakers' Conference in Los Angeles on June 21. Eric Guter, Global VP – Hydrogen for Mobility, will discuss the environmental benefits of hydrogen in port operations, highlighting its role in reducing traditional fuel use. With over 60 years of experience and involvement in more than 250 hydrogen projects worldwide, Air Products emphasizes the transition to cleaner energy. The company generated $10.3 billion in fiscal 2021 and holds a market capitalization of approximately $55 billion.
Air Products (NYSE:APD) CEO Seifi Ghasemi will speak at the Shandong Economic Advisory Conference on June 20, 2022, after being appointed as a provincial economic advisor. The company will showcase its blue hydrogen projects and green hydrogen initiatives in the Middle East and North America to support China's energy transition. Air Products has been active in Shandong since 1995, contributing to local hydrogen development. The conference aligns with the Qingdao Multinationals Summit, aiming for sustainable development and collaboration.
Air Products (NYSE: APD) will showcase its industrial gas solutions at the PowderMet2022 International Conference from June 12-15 in Portland, Oregon. Attendees can visit booth #216 to learn how these technologies can improve product quality, reduce costs, and optimize gas usage in metals processing. Liang He, Senior Project Engineer, will present on sintering process optimization using Industry 4.0 technologies. With over 80 years in operation, Air Products is a leader in industrial gases, reporting $10.3 billion in fiscal 2021 sales and a market cap of about $55 billion.
Air Products (NYSE: APD) announced a long-term supply agreement with Indian Oil Corporation Limited (IOCL) for a new industrial gas complex in Barauni, India. This facility will provide hydrogen, nitrogen, and steam to support IOCL's refinery expansion from six to nine million tonnes per annum. The project includes a state-of-the-art hydrogen production facility and a high-efficiency air separation unit. Expected to be operational in 2024, this complex represents Air Products' second Build, Own and Operate initiative in India, following the Kochi facility.
Air Products (NYSE:APD) announced that its Chairman, President, and CEO, Seifi Ghasemi, will deliver remarks at the Deutsche Bank Global Materials Conference on June 9, 2022, at 8:15 am ET. The session is accessible via the company's Investor Relations website. Air Products, a leader in industrial gases for over 80 years, reported $10.3 billion in fiscal 2021 sales across more than 50 countries, with a market cap of approximately $55 billion. The company is dedicated to sustainability and innovation in various sectors, including energy and manufacturing.
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