Air Prods & Chems Inc Stock Price, News & Analysis

Air Products and Mabanaft announced plans to construct Germany's first large-scale green energy import terminal in Hamburg, targeting hydrogen supply by 2026. The terminal will convert green ammonia from Air Products' global facilities into green hydrogen for distribution in northern Germany. This project, supported by German officials, aims to meet the growing demand for clean energy and enhance energy security. The investment underlines a commitment to decarbonising the mobility sector and industrial processes, positioning Hamburg as a leading hydrogen hub.

Air Products (NYSE: APD) will showcase its advanced fuel and assist gas technologies at Fabtech 2022 from November 8-10 in Atlanta. These technologies aim to reduce costs and enhance productivity in laser cutting, 3D printing, and welding. Experts will be available at booth #B8756 to discuss solutions for operational challenges. The company also supports initiatives like the Air Products Women of Gases Scholarship, awarded to encourage women's involvement in technical careers. With fiscal 2022 sales of $12.7 billion, Air Products continues to lead in industrial gases.

Air Products (NYSE: APD) has appointed Sidd Manjeshwar as the new head of Investor Relations, in addition to his existing role as corporate treasurer. This transition follows the planned retirement of Simon Moore in March 2023. Since joining in April 2021, Manjeshwar has supported financial strategies and policy development. He brings extensive experience from his previous roles, including CFO at FirstLight Power, and has a strong academic background in electronics and business. The company, with fiscal 2022 sales of $12.7 billion and a market cap of $55 billion, focuses on industrial gases and sustainable solutions.

Air Products reported fiscal year 2022 results with GAAP EPS of $10.08, up 11%, and GAAP net income of $2.267 billion, a 7% increase. Despite the growth, the net income margin decreased to 17.8%, down 270 basis points. For Q4 FY22, GAAP EPS was $2.56, up 2%, with a net income of $593 million, down 4%. Adjusted EPS was $2.89, a 15% increase. The company announced a dividend increase of 8% and outlined a 2023 adjusted EPS guidance of $11.20 to $11.50, reflecting a 9-12% growth. Investments in sustainable projects are set at $15 billion.

Air Products' COO, Dr. Samir J. Serhan, will keynote at the Hydrogen Transition Summit on Nov. 8, 2022, discussing hydrogen's essential role in the energy transition. He emphasized the need for global collaboration to address climate change. The summit coincides with COP27 in Egypt, where Air Products is a headline sponsor. President Ivo Bols will also speak on energy security at the Sustainable Innovation Forum on Nov. 11, 2022. Air Products has committed $15 billion to clean hydrogen projects, including major facilities in Louisiana and Canada.

Air Products (NYSE: APD) will showcase its sustainable glass melting solutions at the 83rd Conference on Glass Problems from October 31 to November 3 in Columbus, Ohio. The company's Cleanfire HRx technology enhances fuel efficiency and lowers NOx emissions. Additionally, for each event attendee, the Air Products Foundation will donate $100, up to $15,000, to the Ceramic & Glass Industry Foundation. Experts from Air Products will also conduct a technical presentation on hydrogen fuel blending on November 2.

Air Products Qudra, led by Dr. Samir J. Serhan, will participate as a Gold sponsor at ADIPEC 2022 from October 31 to November 3, showcasing its advanced hydrogen technologies. Dr. Serhan is set to speak at the Strategic Hydrogen Conference on October 31 at 12:30 PM GST, emphasizing the company's commitment to investing billions in low-carbon hydrogen projects globally. The newly launched Decarbonization Zone will serve as a platform for discussing low-carbon technologies. Air Products generated $10.3 billion in sales in fiscal 2021, and its current market capitalization is about $55 billion.