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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) announced that Chairman, President, and CEO Seifi Ghasemi will speak at the J.P. Morgan Industrials Conference on March 16, 2022, at 8:50 am ET. The session can be accessed via the company's Investor Relations Event Details page.
As a leading industrial gases company with over 80 years of experience, Air Products reported earnings of $10.3 billion in fiscal 2021 and operates in over 50 countries, focusing on energy, environment, and emerging markets.
Air Products (NYSE: APD) announced the construction of a green liquid hydrogen production facility in Casa Grande, Arizona, set to produce 10 metric tons per day. The facility, expected to start operations in 2023, will utilize renewable energy and advanced compression technology from Baker Hughes. This project aims to support California's zero-emission vehicle goals by providing hydrogen for the mobility market. Air Products continues to lead in hydrogen production, emphasizing sustainability and decarbonization across its operations.
Air Products (NYSE:APD) has partnered with Saudi Arabian Refrigerant Gases Company (SARGAS) to build a new air separation unit (ASU) at Jindal Shadeed Iron & Steel in Sohar, Oman. This unit will produce over 400 T/D of oxygen and nitrogen, increasing gaseous oxygen and nitrogen capacity by 50%. This project marks Air Products' third ASU at the facility, enhancing liquid oxygen and nitrogen production capabilities. The initiative aligns with Air Products' commitment to support industry growth amidst the COVID-19 pandemic, as stated by Hamid Sabzikari, VP and GM of Air Products Industrial Gases in the Middle East.
Air Products (NYSE:APD) is showcasing its industrial gas solutions at the Natural Products Expo West in Anaheim, California, from March 10-12. The company will focus on enhancing productivity in natural food processing, particularly with its Freshline® IQ cryogenic tunnel freezer, which offers rapid freezing of plant-based foods. The technology minimizes product weight loss and preserves quality. Air Products has over 60 years of experience supplying the food industry with gases and equipment, demonstrating its commitment to optimizing food processing through innovative cryogenic applications.
On February 22, 2022, it was announced that Tonit Calaway will join the Board of Directors of Air Products (NYSE: APD) starting March 1, 2022. Ms. Calaway brings a wealth of experience, having served in leadership roles in HR and legal at BorgWarner and Harley-Davidson. Air Products’ Chairman, Seifi Ghasemi, praised her for her diverse background, emphasizing the company's commitment to diversity and inclusion. Air Products, a leader in industrial gases, reported $10.3 billion in sales for fiscal 2021 and has a market capitalization of approximately $60 billion.
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.
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