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) 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.
Air Products Qudra, a joint venture between Air Products and Qudra Energy, will participate in the 15th Annual GPCA Forum in Dubai, from December 7-9, 2021. As a significant player in the Middle East, Air Products Qudra aims to showcase its capabilities in clean energy and sustainability. The event features a Speaker's Lounge where attendees can engage with representatives. Dr. Samir J. Serhan emphasized collaboration for innovative energy solutions, while CEO Ebubekir Koyuncu highlighted the focus on large-scale energy projects. Air Products is a leader in hydrogen production and environmental technology.
Air Products (NYSE:APD) announced that its Chairman and CEO, Seifi Ghasemi, will present at the Citi 2021 Basic Materials Virtual Conference on November 30, 2021 at 2:00 p.m. ET. A webcast will be available on the Air Products Investor Relations site. The company reported $10.3 billion in fiscal 2021 sales and has a market cap exceeding $65 billion, focusing on innovative solutions for sustainability.
Air Products (NYSE: APD) has declared a quarterly dividend of $1.50 per share, payable on February 14, 2022. Shareholders on record by the close of business on January 3, 2022 will receive this dividend. In fiscal 2021, the company achieved sales of $10.3 billion and has a market capitalization exceeding $65 billion. With over 20,000 employees, Air Products focuses on providing industrial gases and essential services across various sectors, including energy and environmental markets.
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