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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) hosted a Day of Understanding on June 7, 2021, as part of its Week of Inclusion. This event featured discussions on diversity, inclusion, and belonging, highlighting the company's commitment to the CEO Action for Diversity and Inclusion. The theme focused on allyship, aiming to empower diverse groups and drive innovation. Air Products announced goals for 2025 to improve female representation to 28% and minority representation to 20% in professional roles in the U.S.
Air Products (NYSE:APD) announced that its Chairman, President, and CEO Seifi Ghasemi will present at Deutsche Bank's 12th Annual Global Basic Materials Conference on June 10, 2021, at 9:00 a.m. USET. A webcast will be accessible via Air Products' Investor Relations website. Established for 80 years, Air Products is a leader in industrial gases, generating $8.9 billion in sales in fiscal 2020, with a market cap of approximately $65 billion. The company focuses on energy, environment, and emerging markets, providing essential gases and solutions across various industries.
Air Products (NYSE:APD) announced that Chairman, President and CEO Seifi Ghasemi will speak at the Bernstein 37th Annual Strategic Decisions Conference on June 3, 2021, at 2:30 p.m. USET. The event will be available as a webcast.
Air Products is a leader in industrial gases with fiscal 2020 sales of $8.9 billion and a market capitalization of $65 billion, operating in 50 countries.
The Board of Directors of Air Products (NYSE:APD) has declared a quarterly dividend of $1.50 per share, payable on August 9, 2021. Shareholders on record by close of business on July 1, 2021 will receive this dividend. Air Products operates globally, with fiscal 2020 sales of $8.9 billion and a market capitalization of $65 billion. The company focuses on industrial gases across various sectors, including energy and environment, and aims to enhance sustainability through innovative solutions.
On May 18, 2021, Air Products announced that CFO Scott Crocco will present at the Vertical Research Partners Chemicals Innovation Conference virtually on May 25, 2021, at 8:00 a.m. USET. A webcast of the event will be available on Air Products' Investor Relations site. Air Products (NYSE: APD) is a leader in industrial gases, with fiscal 2020 sales of $8.9 billion and a market capitalization of about $65 billion. The company supports various industries, focusing on sustainability and innovative solutions.
Air Products (NYSE:APD) reported Q2 FY21 results with GAAP EPS at $2.13, down 4%, and GAAP net income of $477 million, down 3%. An estimated COVID-19 impact of $0.10-$0.15 per share was noted. Adjusted EPS rose 2% to $2.08, despite a 300 basis point decrease in adjusted EBITDA margin to 37.3%. Sales increased 13% to $2.5 billion, driven by higher energy costs and favorable currency, though volumes were flat. Full-year adjusted EPS guidance is set at $8.95 to $9.10, signaling a 7-9% increase compared to the previous year.
Air Products (NYSE:APD) announced that Chairman, President and CEO Seifi Ghasemi will speak at the Goldman Sachs Industrials and Materials Conference on May 12, 2021, at 8:50 a.m. USET. The event will be held virtually, and a webcast will be available on the company's Investor Relations website. Air Products is a leader in industrial gases, with a fiscal 2020 sales of $8.9 billion and a market capitalization of about $65 billion. The company focuses on energy, environment, and emerging markets, operating globally with over 19,000 employees.
Air Products (NYSE: APD) has announced that its Kochi Industrial Gas Complex is supplying syngas to Bharat Petroleum's Propylene Derivatives Petrochemical Project (PDPP) in India. This marks the second contract between the two companies. Air Products' existing facility, operational since 2017, supports BPCL's entry into the petrochemical market, producing niche products like Acrylic acid and Oxo-alcohols. With FY 2020 sales of $8.9 billion and a market cap exceeding $60 billion, Air Products continues its commitment to safety and reliability in large-scale industrial gas projects.
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