Air Products & Chemicals, Inc. - APD STOCK NEWS

Air Products' (NYSE: APD) Global Vice President of Hydrogen, Eric Guter, will deliver the keynote address at the inaugural California Hydrogen Convention in Los Angeles on May 29, 2024. Guter's address will focus on the critical role of robust hydrogen infrastructure in achieving zero-emissions transportation and meeting climate change goals. The convention will feature over 200 exhibitors, 150 expert speakers, and is expected to attract 5,000 attendees. Key Air Products executives, including Lorraine Paskett and Alison Hawkins, will also participate in various sessions. Air Products, the world's leading hydrogen supplier, is committed to investing $15 billion in clean energy projects worldwide and will showcase its hydrogen solutions at booth #703.

Air Products (NYSE:APD) announced a $70 million investment to expand its manufacturing and logistics center in Maryland Heights, near St. Louis, Missouri. This represents the largest investment by Air Products Membrane Solutions and is driven by increased demand for biogas and hydrogen recovery applications, nitrogen for aerospace, and cleaner fuels for marine industries. The expansion will create 30 new positions and is expected to be operational by the end of 2025. The current facility employs around 170 people and follows a $10 million investment made in 2023. Key offerings include PRISM® Membrane Separators, Marine Systems, and Engineered-to-Order Systems.

The Board of Directors of Air Products (NYSE: APD) has declared a quarterly dividend of $1.77 per share of common stock.

The dividend will be payable on August 12, 2024, to shareholders who are on record as of the close of business on July 1, 2024.

On May 16, 2024, Air Products announced that Sidd Manjeshwar, Vice President of Investor Relations, will present during TD Cowen's Sustainability Week on May 23, 2024, at 11:45 a.m. USET.

The session will be accessible through Air Products' Investor Relations Event Details website. The event aims to highlight the company's sustainability initiatives and ongoing projects to investors and stakeholders.

Air Products' Global VP for Hydrogen, Eric Guter, will deliver a keynote at the Advanced Clean Transportation Expo in Las Vegas on May 20, 2024. His address, 'Preparing for a Zero-Emission Trucking Future,' will discuss the role of clean hydrogen in decarbonizing heavy-duty transportation. Air Products plans to invest $15 billion in clean energy projects globally, aiming to advance the energy transition and meet climate goals. The company, a leader in hydrogen production, serves over 1.5 million refuelings annually in 20 countries and will showcase its hydrogen solutions for the heavy-duty trucking sector at booth #2030 during the Expo from May 20-23.

Air Products, a global leader in gas separation and purification membranes, announced the launch of the PRISM® GreenSep LNG membrane separator for bio-LNG production. This new technology eliminates the need for intermediate purification technologies, resulting in a higher yield of bio-LNG with reduced operational expenses and energy consumption. The company will showcase the separator at BIOGAS AMERICAS in Savannah, Georgia, highlighting its benefits for system designers. Air Products Membrane Solutions offers a range of membrane separators, marine systems, and engineered-to-order systems designed to create sustainable energy sources across various industries.

Air Products has announced the successful performance test of its proprietary AP-DMR™ LNG Process technology at the Coral South FLNG facility in Mozambique, Africa. The technology achieved LNG production above 3.4 million tons per year, making it the second largest FLNG facility in the world. Air Products' advanced technology offers high efficiency, reliable operation, and lower carbon intensity compared to other LNG processes, positioning them as a leader in LNG technology and equipment.

Air Products will showcase decarbonization solutions for iron and steel production at AISTech2024, offering a wide range of industrial gas solutions, hydrogen plants, and carbon capture technologies to reduce CO2 emissions by up to 75%. The company will also donate up to $15,000 to the AIST Foundation for each registered attendee who visits their booth, further supporting the steel industry.

Air Products reported strong second-quarter fiscal 2024 results, with a GAAP EPS of $2.57, up 30% from the prior year, and an adjusted EPS of $2.85, up 4%. The company's net income and margin also showed substantial growth. They have been listed among Barron's 100 Most Sustainable Companies for the sixth consecutive year and increased their quarterly dividend. Air Products maintained their fiscal 2024 adjusted EPS guidance of $12.20 to $12.50, showing a positive outlook for the future.