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Air Products & Chemicals, Inc. - APD STOCK NEWS

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.

News

Air Products and Eneco Sign Power Purchase Agreement for Solar Electricity in The Netherlands

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Air Products signs a 10-year Power Purchase Agreement with Eneco for renewable energy in The Netherlands, reducing emissions equivalent to 45,000 households.
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Air Products Reports Fiscal 2024 First Quarter GAAP EPS of $2.73 and Adjusted EPS of $2.82

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Air Products (APD) reported first quarter fiscal 2024 results, including GAAP EPS of $2.73, up six percent from the prior year. GAAP net income of $622 million was up six percent over the prior year due to higher equity affiliates' income, higher pricing, and higher volumes, partially offset by higher costs. The company also increased its quarterly dividend to $1.77 per share in January, marking the 42nd consecutive year of increases. Additionally, Air Products updated fiscal 2024 full-year adjusted EPS guidance to $12.20 to $12.50, up six to nine percent over the prior year adjusted EPS, and fiscal 2024 second quarter adjusted EPS guidance to $2.60 to $2.75. The company continues to expect fiscal year 2024 capital expenditures of $5.0 billion to $5.5 billion.
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Air Products to Highlight its Latest Innovations in Cryogenic Freezing at the International Production & Processing Expo

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Air Products (NYSE:APD) will showcase its latest innovations in cryogenic freezing at the International Production & Processing Expo (IPPE) at the Georgia World Congress Center in Atlanta, Georgia. The featured technologies include Freshline® Smart Technology, Freshline® IQF+ Tunnel Freezer, and the Freshline® Bottom Injection Cooling System. These innovations aim to optimize food manufacturing processes, maximize efficiency, productivity, and sustainability. Attendees are encouraged to visit Air Products' booth #C15151 to learn more from knowledgeable food specialists.
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Air Products Wins Both Overall Community Care Award and Dual Carbon Contribution Award in China

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Air Products (NYSE: APD) was honored at the 13th China Philanthropy Festival and 2023 ESG Summit, winning the Overall Community Care Award and the Dual Carbon Contribution Award for its exceptional social impact and commitment to China's green and low-carbon development. The company has been recognized for nine consecutive years at this event and is making significant investments in clean energy projects, including China's first commercial-scale liquid hydrogen production facility.
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Air Products Increases Quarterly Dividend to $1.77 Per Share

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Air Products (APD) has announced the 42nd consecutive year of quarterly dividend increases on its common stock, raising the dividend to $1.77 per share. The dividend is payable on May 13, 2024, to shareholders of record at the close of business on April 1, 2024. The company's Chairman, President, and CEO, Seifi Ghasemi, emphasized the commitment to returning cash to shareholders while investing in growth opportunities, with an expected return of approximately $1.6 billion to shareholders in 2024. This is part of the company's strategy to maintain a balanced approach to capital allocation to meet its capital needs while maintaining its A/A2 ratings.
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Air Products to Showcase Decarbonization Solutions at POWERGEN International in New Orleans, Louisiana

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Air Products (NYSE:APD) will showcase its expertise in providing industrial gases, particularly hydrogen, to help the power industry achieve decarbonization goals at POWERGEN International. With over 80 years of experience and a commitment of $15 billion to clean energy projects, Air Products aims to accelerate the energy transition and build a low- and zero-carbon hydrogen economy.
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Air Products to Broadcast Fiscal First Quarter Earnings Teleconference on February 5, 2024

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Air Products (APD) to Release Fiscal 2024 First Quarter Financial Results on February 5, 2024
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Air Products Membrane Solutions Announces Membrane-Based Nitrogen Generation System Milestone with 2,000th Seagoing Vessel

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Air Products (NYSE: APD) has achieved a significant milestone with 2,000 seagoing vessels worldwide now utilizing membrane-based nitrogen generation systems from Air Products Membrane Solutions. This technology enables ships to switch to cleaner alternative fuels, reducing emissions during the transport of goods. The company's innovative membrane systems are designed and manufactured at Air Products' facility in Norway, and they have experienced significant growth in recent years, serving a variety of industries and applications.
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Generating a Cleaner Future with Hydrogen: Air Products' Chief Operating Officer, Dr. Samir J. Serhan, to Deliver Keynote Address at Hydrogen Transition Summit During COP28 in Dubai

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Air Products (NYSE:APD) will focus on hydrogen's essential role in decarbonizing heavy-duty transportation and industrial sectors as the headline sponsor of the Hydrogen Transition Summit (HTS) and a supporting partner of the Sustainable Innovation Forum (SIF) at COP28. The company's Chief Operating Officer, Dr. Samir J. Serhan, will deliver the keynote address and participate in a fireside chat on the topic of 'Generating a Cleaner Future with Hydrogen'. Air Products is executing several of the largest low- and zero-carbon hydrogen plants in the world under its industry-leading $15-billion-dollar commitment.
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Jessica T. Graziano Elected to Air Products' Board of Directors

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Air Products (NYSE:APD) has elected Jessica T. Graziano, a seasoned financial executive, to its Board of Directors. Graziano's extensive experience in financial leadership positions, including as CFO of United States Steel Corporation and United Rentals, Inc., will bring valuable expertise to the company's strategic initiatives, particularly in driving the core industrial gas business and executing clean hydrogen megaprojects globally.
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FAQ

What is the current stock price of Air Products & Chemicals (APD)?

The current stock price of Air Products & Chemicals (APD) is $317.1 as of November 15, 2024.

What is the market cap of Air Products & Chemicals (APD)?

The market cap of Air Products & Chemicals (APD) is approximately 70.5B.

What industries does Air Products serve?

Air Products serves a wide range of industries including food and beverage, healthcare, personal care, energy, transportation, and semiconductors.

What was Air Products' revenue in fiscal 2023?

Air Products generated $12.6 billion in revenue in fiscal 2023.

What are the recent achievements of Air Products?

Recent achievements include an increase in GAAP EPS by 30% in Q2 FY24, a successful performance test of the AP-DMR™ LNG Process technology, and plans to build hydrogen refueling stations in California and Canada.

What is the long-term partnership between Air Products and TotalEnergies?

Air Products has a 15-year agreement with TotalEnergies to supply 70,000 tons of green hydrogen annually starting in 2030 to decarbonize TotalEnergies' European refineries.

How does Air Products contribute to sustainability?

Air Products is committed to sustainability through investments in clean energy projects, such as hydrogen refueling stations and green hydrogen production, and has been listed among Barron's 100 Most Sustainable Companies for six consecutive years.

What community initiatives is Air Products involved in?

Air Products supports community initiatives like its donation pledge to the AIST Foundation to encourage careers in the steel industry.

What is Air Products' commitment to clean energy?

Air Products has committed to invest $15 billion in clean energy projects by 2027, focusing on hydrogen technologies and carbon capture.

Where can I find more information about Air Products?

More information about Air Products can be found on their official website at http://www.airproducts.com.

How many employees does Air Products have?

Air Products has over 20,000 employees worldwide.

In how many countries does Air Products operate?

Air Products operates in more than 50 countries globally.

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Air Products & Chemicals, Inc.

NYSE:APD

APD Rankings

#196 Ranked by Market Cap
#1298 Ranked by Dividends

APD Stock Data

70.49B
222.31M
0.36%
89.24%
1.97%
Specialty Chemicals
Industrial Inorganic Chemicals
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United States of America
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