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.
On July 19, 2021, Wayne T. Smith was elected to the Board of Directors of Air Products (NYSE:APD), effective August 1, 2021. Smith brings over 35 years of experience in the industrial gases and chemicals sector, including leadership roles at BASF, where he served as Chairman and CEO. His extensive background includes strategic positions in various companies, enhancing Air Products' operational expertise. The company reported $8.9 billion in sales for fiscal 2020 and has a market capitalization of approximately $65 billion, focusing on sustainable energy and environmental solutions.
Air Products' Board of Directors has declared a quarterly dividend of $1.50 per share, to be paid on November 8, 2021. Shareholders of record by October 1, 2021 will qualify for this distribution. The company reported fiscal sales of $8.9 billion in 2020 and has a market capitalization of approximately $65 billion. With over 19,000 employees globally, Air Products continues to lead in the industrial gases sector, focusing on sustainability and innovative solutions across various industries.
Air Products (NYSE:APD) announced that Scott Crocco, Executive Vice President and CFO, will retire on September 30, 2021, after a 31-year career. Melissa Schaeffer will succeed him as CFO starting August 10, 2021. Schaeffer has held various financial roles since joining the company in June 2016, demonstrating her capability in leading Air Products' financial organization. Chairman Seifi Ghasemi praised Crocco's contributions to profitability and shareholder value, while expressing confidence in Schaeffer’s leadership to drive further growth and address global energy challenges.
Air Products (NYSE:APD) announced the commissioning of its first hydrogen fueling station for the 2022 Winter Olympics in Zhangjiakou, China. This station, built with advanced technology, has a filling capacity of 200 kg per day and serves hydrogen fuel cell vehicles like the Toyota FCEV Coaster and MIRAI Gen 2. The project supports China's Green Olympics initiative and aims to leave a sustainable legacy. Air Products has over 60 years of experience in hydrogen, with more than 250 fueling projects globally and a fiscal 2020 revenue of $8.9 billion.
Air Products (NYSE:APD) is set to release its fiscal 2021 third quarter financial results on August 9, 2021, before market open. A teleconference to review these results will occur at 8:30 a.m. ET, accessible to the public. The company, a leader in industrial gases, reported fiscal 2020 sales of $8.9 billion and a market capitalization of approximately $65 billion. The event will include a live broadcast available through their Investor Relations website.
Air Products (NYSE: APD) will participate in AISTech 2021 from June 29 to July 1 with a virtual booth showcasing its industrial gases and technologies for cost-effective steel production. Attendees can learn about improving efficiency and reducing costs in iron and steelmaking. For each registered attendee visiting the booth, Air Products will donate $100 to the AIST Foundation, up to $15,000. The company will also present a technical paper on BOF Bottom Stirring Technology. Air Products reported $8.9 billion in sales for fiscal 2020 and operates globally with a market cap of $65 billion.
Air Products (NYSE:APD) and Baker Hughes (NYSE:BKR) have launched a strategic collaboration to enhance hydrogen compression technology, aiming to reduce production costs and promote hydrogen as a zero-carbon fuel. The partnership will leverage Baker Hughes' advanced compression and gas turbine technology for significant projects, including Air Products' net-zero hydrogen energy complex in Edmonton and the NEOM project in Saudi Arabia. This initiative aligns with global efforts to foster a sustainable hydrogen economy and achieve net-zero targets.
Air Products (NYSE: APD) and Baker Hughes (NYSE: BKR) announced a strategic partnership to develop advanced hydrogen compression technologies aimed at reducing production costs and promoting hydrogen as a zero-carbon fuel. Baker Hughes will supply critical technologies, including NovaLT16 turbines for Air Products' Alberta facility and advanced compression for the NEOM hydrogen project in Saudi Arabia. Both companies emphasize their commitment to supporting the energy transition towards net-zero emissions.
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?
