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 successfully completed the acquisition of the remaining 50% equity stake in its gasification technology joint venture with China Shenhua Coal to Liquid and Chemical Co. Ltd. This acquisition, part of a broader strategy to enhance its gasification portfolio, integrates resources in China and supports its ongoing projects globally. Air Products continues to execute significant gasification initiatives, including a $2 billion coal-to-methanol project in Indonesia, solidifying its leadership in the sector.
Air Products (NYSE:APD) and New Flyer of America recently showcased hydrogen fuel cell electric buses in Oregon, demonstrating their benefits for public transportation. The tour included stops in Portland and Eugene, where transit agencies experienced real-world fueling and operation of the buses. This initiative supports the transition to low-emission fleets amid growing encouragement from states like Oregon and Washington. Air Products, a leader in hydrogen supply, emphasizes its commitment to sustainable solutions, highlighted by the recent opening of the largest hydrogen fueling station for transit buses in the U.S., located in Santa Ana, California.
Air Products (NYSE:APD) has opened a new hydrogen fueling station in Ulsan City, South Korea, the first private sector station under the government's subsidy program. This aligns with South Korea's hydrogen economy roadmap, aiming for 6.2 million fuel cell vehicles and 1,200 fueling stations by 2040. Air Products, a leader in hydrogen production, has over 25 years of experience in designing fueling stations and has completed over 250 hydrogen projects globally. The company reported fiscal 2020 sales of $8.9 billion and has a market capitalization exceeding $60 billion.
Air Products (NYSE:APD) is set to release its fiscal 2021 second quarter financial results on May 10, 2021, prior to market open. The company will conduct a teleconference at 8:30 a.m. ET to review its financial performance, which will be accessible to the public and media in listen-only mode via telephone and Internet. Investors can find more information including the replay details on their Investor Relations website.
Air Products (NYSE:APD) and New Flyer of America Inc. completed a five-city tour in Washington State from March 22, 2021, showcasing hydrogen fuel cell electric buses. The tour included real-world demonstrations by local transit agencies fueled by Air Products' technology. Washington is transitioning to low-emission fleets, making hydrogen buses an efficient alternative. Air Products leads in hydrogen supply with over 1.5 million annual refueling operations worldwide. The company reported fiscal 2020 sales of $8.9 billion and has a market cap exceeding $60 billion.
Air Products (NYSE: APD) has signed a long-term virtual power purchase agreement with Macquarie's Green Investment Group for wind power in Poland. This agreement supports Poland's goal of deriving 23% of its power from renewables by 2030. The initiative will reduce emissions equivalent to removing 8,500 cars from the roads and aligns with Air Products' aim to cut CO₂ emissions intensity by one-third by 2030. The company continues investing in cleaner energy projects in Poland, enhancing its commitment to sustainability and supporting the European energy transition.
Air Products (NYSE: APD) will showcase its advanced liquefied natural gas (LNG) technology at the 7th Annual International LNG Congress in Moscow, scheduled for March 17-18, 2021. The company will demonstrate its cost-effective LNG process cycles and cryogenic equipment, crucial for LNG facilities. Notably, Air Products supplied technology for the Yamal LNG project, producing 16.5 million tonnes per year. With over 50 years in the industry, Air Products focuses on meeting global energy needs through innovative solutions and currently operates in 50 countries with a market cap of approximately $60 billion.
Air Products (NYSE: APD) announced the launch of its new air separation unit (ASU) in Chandler, Arizona, which is now operational and under long-term contract to supply nitrogen and oxygen to critical customers in the electronics sector. This ASU can produce over 2 million standard cubic feet per hour of gaseous nitrogen and 20,000 standard cubic feet per hour of high purity oxygen. The investment supports growth in the electronics industry and enhances Air Products' capabilities at its Chandler facility, which has been in operation since 1981.
Air Products (NYSE:APD) will have Chairman, President, and CEO Seifi Ghasemi speak at the J.P. Morgan 2021 Industrials Conference on March 16, 2021, at 8:50 a.m. USET. A webcast of the event will be accessible via their Investor Relations website. Air Products is a leading industrial gases company boasting $8.9 billion in fiscal 2020 sales and a market cap of approximately $60 billion. The company specializes in energy, environment, and industrial gases across various sectors.
Air Products (NYSE: APD) will participate in the Pittcon 2021 Virtual Conference and Expo from March 8-12, showcasing its industrial gas solutions. The company aims to highlight its CryoEase® MicroBulk Solutions, which enhance efficiency and reduce waste for smaller-volume users of gases like nitrogen and oxygen. With over 10,000 CryoEase® tanks installed globally, Air Products emphasizes the importance of reliable gas supply in productivity and safety across various industries. The company reported fiscal 2020 sales of $8.9 billion and maintains a market cap of around $60 billion.
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