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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 Declares Quarterly Dividend

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Air Products (NYSE:APD) Declares $1.75 Quarterly Dividend
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Air Products Partners with Chengzhi to Drive Zero-emission Heavy Transportation in China's Yangtze River Delta

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Air Products (NYSE:APD) and Chengzhi Shareholding Co. Ltd. have launched their first commercial-scale hydrogen fueling station in Changshu city, Jiangsu province, China, to support green logistics operations for multinational and domestic companies. The station fuels hydrogen fuel cell trucks of various companies, including Budweiser China, Yum China, Nestle China, and JD Logistics. The station is part of the 'Changshu Hydrogen Fuel Cell Vehicle (HFCV) Industry Development Plan' and is contributing to the development of the hydrogen corridor in the Yangtze River Delta Region.
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Air Products Reports Fiscal 2023 Fourth Quarter GAAP EPS of $3.08 and Adjusted EPS of $3.15

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Air Products reported fiscal year 2023 results, including a GAAP EPS of $10.30, up two percent, and a GAAP net income of $2.3 billion, up three percent. They also reported an adjusted EPS of $11.51, up 12 percent, and adjusted EBITDA of $4.7 billion, up 11 percent. The company increased their quarterly dividend by eight percent and issued inaugural green bonds in concurrent $600 million and €700 million debt offerings.
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Air Products to Showcase Industrial Gas Solutions at the 84th Conference on Glass Problems in Columbus, Ohio

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Air Products will showcase its integrated systems for sustainable glass melting at the 84th Conference on Glass Problems. The company's Cleanfire HRx burner technology enables higher fuel efficiency and lower emissions. Air Products will also donate $100 (up to $15,000) to the Ceramic & Glass Industry Foundation for each visitor to its suite.
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Air Products to Build Europe's Largest Blue Hydrogen Plant and Strengthens Long-Term Agreement

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Air Products will build a carbon capture and CO2 treatment facility at its hydrogen production plant in Rotterdam. The facility is expected to be operational in 2026 and will be the largest blue hydrogen plant in Europe. The captured CO2 will be transported to depleted gas fields in the North Sea for permanent storage.
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Air Products Supplies Two MCHE Replacements for Bintulu LNG Facility in Malaysia

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Air Products announces commitment to provide advanced main cryogenic heat exchanger technology for PETRONAS LNG Complex in Malaysia. This is the second and third MCHE replacements at the facility, following almost three decades of reliable service from the original units. Air Products will supply MCHE engineering and design, two units of two-bundle MCHEs, and technical advisory services.
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Air Products to Showcase Industrial Gas Solutions at Heat Treat 2023 Conference and Expo

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Air Products to Showcase Industrial Gas Solutions and Technologies at Heat Treat 2023 Conference
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Air Products to Broadcast Fiscal Fourth Quarter Earnings Teleconference on November 7, 2023

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Air Products to release fiscal Q4 2023 financial results on November 7, 2023
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Air Products' Chairman, President and Chief Executive Officer to Speak at the 3rd Hydrogen Americas Summit in Washington, D.C.

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Air Products' Chairman, President, and CEO will share the company's vision for a hydrogen economy at the 3rd Hydrogen Americas Summit. Air Products commits at least $15 billion through 2027 to clean energy megaprojects worldwide.
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Air Products to Provide Oxygen Equipment for One of North America's Largest Wastewater Treatment Plants in Montreal, Quebec, Canada

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Air Products has been chosen by the city of Montreal to supply oxygen equipment for an ozone generation site at the Jean-R-Marcotte Wastewater Treatment Plant. The equipment will remove impurities from wastewater, including viruses, bacteria, and pharmaceutical products. The plant releases 2.3 million cubic meters of water into the St. Lawrence River daily. Air Products will provide four vacuum swing adsorption oxygen plants to support the ozone generation system.
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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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