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) has been recognized for the fourth consecutive year on Barron's 100 Most Sustainable Companies List, ranking 38th. The company emphasizes sustainability as a key part of its growth strategy, aiming to address major energy and environmental challenges. Recent achievements include a perfect score on the Human Rights Campaign's Corporate Equality Index and recognition in the S&P Global Sustainability Yearbook. Air Products focuses on clean energy solutions and has generated $10.3 billion in sales for fiscal 2021, with a market cap of approximately $60 billion.
Air Products (NYSE: APD) reported a robust Q1 FY22, showing a 19% increase in GAAP EPS to $2.52, and a 13% rise in net income to $550 million. The adjusted EBITDA reached $1,003 million, up 8%, despite a decline in margins affected by rising energy costs. Sales surged 26% to $3 billion, driven by higher pricing and volumes. The company announced an 8% dividend increase, marking 40 consecutive years of growth. FY22 adjusted EPS guidance is set at $10.20-$10.40, indicating a growth of up to 15% year-over-year.
Air Products (NYSE: APD) has announced a quarterly dividend increase of 12 cents per share, raising it from $1.50 to $1.62. This marks the company's 40th consecutive year of increasing dividends, underscoring its strong cash flow and commitment to shareholder value. The new dividend will be payable on May 9, 2022, to shareholders of record by April 1, 2022. Air Products expects to return over $1.4 billion to shareholders in 2022, bolstering confidence in its ongoing projects focused on decarbonization and energy transition.
Air Products (NYSE:APD) will showcase its innovations in cryogenic freezing at the International Production & Processing Expo in Atlanta from January 25-27, 2022. Featured technologies include the Freshline® MP-Plus freezer and Bottom Injection Cooling System, designed to enhance meat processing speed, quality, and hygiene. The company emphasizes benefits of cryogenic solutions over mechanical systems, such as reduced footprints and costs. Additionally, Air Products operates food laboratories globally to test and audit processes, enhancing cost efficiency in food production.
Air Products (NYSE:APD) will announce its fiscal 2022 first quarter financial results on February 4, 2022, before market opening. A teleconference for public review will begin at 8:30 a.m. ET. Investors can access the call via telephone or an internet broadcast. For fiscal 2021, Air Products recorded sales of $10.3 billion and has a market capitalization exceeding $65 billion. This global leader in industrial gases focuses on energy, environment, and emerging markets, serving various sectors including refining and manufacturing.
Air Products (NYSE: APD) has awarded thyssenkrupp Uhde Chlorine Engineers a contract for a 2 GW electrolysis plant as part of the NEOM green hydrogen project in Saudi Arabia. This facility will produce hydrogen for carbon-free ammonia synthesis, to be exported by Air Products. Initial engineering and procurement are underway, with production expected to start in 2026. This project represents a significant milestone in Air Products' strategy for sustainable energy solutions and aims at addressing global environmental challenges.
FAQ
What is the current stock price of Air Products & Chemicals (APD)?
What is the market cap of Air Products & Chemicals (APD)?
What industries does Air Products serve?
What was Air Products' revenue in fiscal 2023?
What are the recent achievements of Air Products?
What is the long-term partnership between Air Products and TotalEnergies?
How does Air Products contribute to sustainability?
What community initiatives is Air Products involved in?
What is Air Products' commitment to clean energy?
Where can I find more information about Air Products?
How many employees does Air Products have?
In how many countries does Air Products operate?
