Air Prods & Chems Inc Stock Price, News & Analysis

Air Products (NYSE:APD) announced that CEO Eduardo Menezes will be presenting at Deutsche Bank's 16th Annual Global Industrials & Materials Conference. The presentation is scheduled for Wednesday, June 4, 2025 at 8:00 a.m. USET. Investors and interested parties can access an audio webcast of the session through Air Products' Investor Relations Event Details website.

Air Products (NYSE:APD) has announced it will host a conference call to discuss its fiscal 2025 second quarter financial results on Thursday, May 1, 2025, at 8:00 a.m. ET. The teleconference will be accessible to the public and media in listen-only mode via telephone and Internet broadcast. Participants can join the live teleconference using the number 773-305-6865 with passcode 7519932. The presentation slides and broadcast will be available on the company's Investor Relations website, with a replay option accessible after the event.

Air Products (NYSE: APD) will showcase its Freshline® Smart Technology and food freezing solutions at Seafood Expo North America in Boston from March 16-18, 2025. The company's smart technology enables remote monitoring of food manufacturing equipment, offering real-time data tracking for optimized processes and performance.

The showcase will feature the Freshline® IQ Freezer, a modular freezing system that delivers high throughput while requiring minimal space. When combined with Smart Technology, the system allows remote troubleshooting capabilities.

Air Products' solutions utilize liquid nitrogen and carbon dioxide for food freezing and chilling, enabling products to be processed in minutes rather than hours. The company operates a food testing facility in Allentown, Pa., where customers can evaluate cryogenic technology benefits before making capital investments. With over 60 years of industry experience, Air Products serves both large manufacturers and small food processors.

Air Products (NYSE: APD) has announced its exit from three U.S. projects following a review by its newly-elected Board and CEO. The company expects to record a pre-tax charge up to $3.1 billion in Q2 fiscal 2025 for asset write-downs and contract terminations. The affected projects include:

1. World Energy's Sustainable Aviation Fuel expansion in California, terminated due to challenging commercial aspects
2. Massena green liquid hydrogen facility in New York, cancelled due to regulatory changes affecting hydroelectric power eligibility for tax credits and slow market development
3. A Texas carbon monoxide production project, terminated due to unfavorable economics

The company's major projects continue to progress, with the NEOM green hydrogen project in Saudi Arabia at 80% completion (expected completion: late 2026) and the Louisiana Clean Energy Complex on track for 2028 startup, with ongoing discussions for potential equity partners.

Air Products (NYSE:APD) will showcase its industrial decarbonization solutions at POWERGEN International in Dallas from February 11-13, 2025. As the world's largest hydrogen supplier, the company will demonstrate how its industrial gases can help the power industry achieve decarbonization goals.

At booth #1435, Air Products will present solutions for replacing or blending natural gas with low-carbon intensity hydrogen, utilizing oxygen for improved combustion efficiency, and implementing carbon capture solutions. The company will feature two key presentations: one focusing on hydrogen burner and boiler trials, which have demonstrated stable 100% hydrogen combustion capabilities, and another discussing hydrogen's role in enhancing microgrid resilience as a reliable load-balancer for renewable energy systems.

Air Products (NYSE: APD) reported Q1 FY25 results with GAAP EPS of $2.77, up 1% year-over-year, and GAAP net income of $650 million, up 5%. First quarter sales reached $2.9 billion, down 2% from the prior year due to lower volumes and unfavorable currency, partially offset by higher pricing.

The company maintained its fiscal 2025 full-year adjusted EPS guidance of $12.70 to $13.00 and expects second quarter adjusted EPS between $2.75 and $2.85. Capital expenditures for FY25 are projected at $4.5-5.0 billion.

Notable highlights include increased quarterly dividend to $1.79 per share, marking the 43rd consecutive year of dividend increases, with expected shareholder returns of approximately $1.6 billion in 2025. Regional performance varied, with Americas sales up 3%, Asia sales up 3%, and Europe sales down 5%.

Air Products (NYSE: APD) announced significant leadership changes effective February 7, 2025. Eduardo F. Menezes has been appointed as the new CEO, succeeding Seifi Ghasemi, who is departing after more than 10 years of service. Additionally, Wayne T. Smith has been named Board Chairman and Dennis H. Reilley as Vice Chairman.

Menezes brings over three-and-a-half decades of experience in the industrial gases sector, most recently serving as executive vice president of Linde plc for Europe, Middle East and Africa, where he managed operations across 40+ countries with over $8 billion in sales and 18,000 employees. His extensive background includes senior roles at Praxair in North America, Spain, Mexico, and Brazil.

The incoming CEO holds an M.B.A. from the State University of New York and a chemical engineering degree from the Federal University of Rio de Janeiro, Brazil.