Air Products & Chemicals, Inc. - APD STOCK NEWS

Air Products (NYSE:APD) has been recognized as the top climate-aligned company in Barron's 2021 Ranking of the Most Sustainable Companies in America, ranking 13th overall, up 20 spots from last year. The company has committed billions to the world's largest renewable hydrogen project, aiming for a 2025 launch. Air Products' $5 billion green hydrogen facility in Saudi Arabia is a key project. The company also aims to cut CO2 emissions intensity by one-third by 2030 and increase diversity in its workforce, targeting 28% female and 20% minority representation by 2025.

Air Products (NYSE:APD) announced that Chairman, President, and CEO Seifi Ghasemi will address the BofA Securities Global Agriculture & Materials Conference on March 3, 2021, at 10:00 a.m. USET. A webcast of the presentation will be available on their Investor Relations site. Air Products is a global leader in industrial gases with $8.9 billion in fiscal 2020 sales, serving various industries including energy and food. The company operates in 50 countries, employing over 19,000 individuals.

Air Products (NYSE: APD) has launched its first cryogenic nitrogen plant in the Bayan Lepas Free Industrial Zone, Penang, Malaysia, enhancing its capacity to meet rising demand from the electrical and electronics (E&E) sectors. This investment strengthens Air Products' market position in Northern Malaysia, supporting growth in the E&E industry, pivotal for Malaysia's industrial development. The company also operates two air separation units in Prai and maintains an extensive pipeline network, ensuring reliable gas supply to customers in the region.

Air Products (NYSE: APD) announced that Chairman, President and CEO Seifi Ghasemi will present at the Barclays Industrial Select Conference on February 16, 2021, at 2:10 p.m. USET. A webcast of the presentation will be available on the company's Investor Relations website. Air Products operates in the industrial gases sector with a market capitalization of approximately $60 billion and reported $8.9 billion in sales for fiscal 2020.

Air Products (NYSE:APD) reported Q1 FY21 financial results, showing GAAP EPS of $2.12, down 1%, with a net income of $487 million. The company noted an estimated $0.10-$0.15 EPS impact from COVID-19. Sales increased 5% to $2.4 billion, driven by favorable currency and pricing, despite a 1% decline in volumes. Adjusted EBITDA stood at $932 million, up 3%. The dividend was raised by 12% to $1.50, marking the 39th consecutive year of increases. The company remains committed to growth in industrial gases and sustainable solutions.

Air Products (NYSE: APD) has secured an agreement to provide its proprietary LNG technology, equipment, and advisory services for the Energia Costa Azul (ECA) LNG Export Terminal in Ensenada, Mexico. The company will manufacture coil wound heat exchangers at its Port Manatee facility, enabling production of approximately three million tons of LNG annually. This partnership marks a significant milestone for Air Products, reinforcing its leadership in the LNG market and commitment to innovative, cost-effective energy solutions aimed at reducing greenhouse gas emissions.

On January 28, 2021, Air Products (NYSE: APD) announced a 12% increase in its quarterly dividend, raising it from $1.34 to $1.50 per share, effective May 10, 2021. This marks the 39th consecutive year of dividend increases, signifying strong financial health. In fiscal 2020, the company returned approximately $1.1 billion to shareholders through dividends and maintained substantial cash flow for further investments. Shareholders of record by April 1, 2021, will benefit from this increment.

Air Products (NYSE: APD) participated in a panel discussing the FCHEA's "Road Map to a U.S. Hydrogen Economy" report, emphasizing the U.S.'s potential in the hydrogen sector. The report outlines strategies to enhance hydrogen production and usage, crucial for reducing greenhouse gases. Key initiatives include a $5 billion green hydrogen ammonia project in Saudi Arabia, projected to produce 1.2 million tons of green ammonia annually by 2025. Additionally, Air Products is developing a liquid hydrogen plant in Texas capable of producing 30 tons daily, leveraging its extensive hydrogen pipeline network.