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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 to Showcase Clean Hydrogen and Energy Transition Solutions, Liquefied Natural Gas, Membrane Solutions and Turbomachinery at the Gastech Exhibition and Conference in Singapore

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Air Products' Chief Operating Officer will discuss the emergence of hydrogen supply and demand centers at Gastech 2023. The company plans to invest at least $15 billion in clean hydrogen projects by 2027. Air Products is a leader in clean hydrogen production and LNG technology.
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America's Cup and Air Products Team Up to Help Decarbonize World's Oldest International Sailing Competition

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Air Products named Official Hydrogen Supplier of the 37th America's Cup in Barcelona. Hydrogen-powered chase boats to be used for the first time. Air Products has invested $15 billion in clean energy, hydrogen megaprojects.
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Sidd Manjeshwar, Air Products' Vice President, Treasury and Investor Relations, to Speak at Jefferies 2023 Industrials Conference on September 7

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Sidd Manjeshwar, VP of Treasury and Investor Relations at Air Products, to speak at Jefferies 2023 Industrials Conference on Sep 7.
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Air Products Reports Fiscal 2023 Third Quarter GAAP EPS of $2.67 and Adjusted EPS of $2.98 and Raises Full-Year Adjusted EPS Guidance

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Air Products (NYSE:APD) reported Q3 FY23 results, with GAAP EPS of $2.67, up 2%, and GAAP net income of $611 million, up 4%. Adjusted EPS was $2.98, up 16%, and adjusted EBITDA was $1.2 billion, up 12%. The company completed a financial close on the world's largest green hydrogen production facility, signed a $1 billion investment agreement with Uzbekistan, and announced LNG technology and equipment project wins. They also increased their fiscal 2023 full-year adjusted EPS guidance by $0.05 at the midpoint to $11.40 to $11.50, up 11 to 12% over the prior year.
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Air Products' LNG Liquefaction Technology and Equipment Selected for NextDecade's Rio Grande LNG Project

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Air Products to supply LNG technology and equipment to NextDecade's Rio Grande LNG Phase 1 Project in Texas, with a production capability of approximately 17.6 million tonnes per annum (MTPA) of LNG. The project will use Air Products' coil-wound heat exchangers and AP-C3MR LNG Process technology. The LNG equipment will be manufactured at Air Products' facility in Florida.
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Air Products to Increase Production Capacity at its LNG Equipment Manufacturing Facility in Port Manatee, Florida

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Air Products, the leader in LNG technology and equipment, is making a significant investment to increase winding capacity at its LNG equipment manufacturing facility in Port Manatee, Florida. This investment will increase manufacturing capacity by almost 20%, on top of a previous expansion completed in 2019. The company expects that this increase in capacity, along with new fabrication methods, will improve equipment delivery schedules.
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Air Products Declares Quarterly Dividend

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Air Products (NYSE: APD) has declared a quarterly dividend of $1.75 per share of common stock. The dividend will be paid on November 13, 2023, to shareholders of record as of October 2, 2023.
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Air Products to Provide Nitrogen Liquefaction Refrigeration System to one of the World's Largest Physics Experiment Studying the Origins of the Universe

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Air Products signs contract with Fermi Research Alliance for multi-year project at the Deep Underground Neutrino Experiment
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Air Products to Supply Hydrogen and Fueling Technology to Edmonton International Airport for Alberta's First Hydrogen Fuel Cell Passenger Vehicle Fleet

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Air Products has been selected by Edmonton International Airport as the hydrogen and technology provider for Alberta's first hydrogen fuel cell passenger vehicle fleet. Air Products will station a mobile hydrogen refueler at the airport to provide hydrogen for the fleet of Toyota Mirai hydrogen fuel cell vehicles. The airport plans to expand the fleet to as many as 100 cars to serve as a taxi service. Fueling of the vehicles will begin next week.
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Air Products to Showcase Latest Developments in Liquefied Natural Gas Technology and Equipment at LNG2023 in Vancouver

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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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