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Air Products & Chemicals, Inc. reports news on its global industrial gases business, including hydrogen, helium, oxygen, nitrogen, argon, carbon dioxide and gas blends supplied to refining, chemicals, metals, electronics, manufacturing, medical, food and energy customers. Company updates frequently address quarterly earnings, capital discipline, dividends, gas supply agreements, new production assets and applications expertise for customer processes.
Recurring coverage also includes clean hydrogen and industrial decarbonization projects, helium supply-chain resilience, electronics and aerospace customer activity, and gas-based technologies such as oxy-fuel, carbon capture, Smart Technology and Freshline food freezing solutions. The company also reports on equipment offerings including turbomachinery, membrane systems and cryogenic containers.
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Rotoflow, a business of Air Products, has launched a new Solutions Center in Shanghai, China, aimed at enhancing turbomachinery services for its customers in Asia. This facility, equipped with advanced diagnostic and machining tools, will focus on repairing and servicing rotating machinery. The Shanghai Center is Rotoflow's fourth global hub, joining similar facilities in the U.S. and Saudi Arabia. It will support various industrial machinery, including turboexpanders and compressors, and enhance Air Products' capabilities in the hydrogen mobility sector.
Air Products (NYSE: APD) announced that Chairman, President, and CEO Seifi Ghasemi will present at Citi's Basic Materials Conference on November 29, 2022 at 8:45 a.m. ET. Access to the session can be found on the company's Investor Relations page.
Air Products is a leading industrial gases company with a market cap over $60 billion and fiscal 2022 sales of $12.7 billion, focusing on sustainability-driven growth and innovative solutions.
Air Products (NYSE: APD) has declared a quarterly dividend of $1.62 per share, payable on February 13, 2023, to shareholders of record as of January 3, 2023. The company reported fiscal 2022 sales of $12.7 billion and boasts a market capitalization exceeding $60 billion.
With over 21,000 employees, Air Products focuses on sustainability-driven growth by providing essential industrial gases and developing large-scale clean hydrogen projects.
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.
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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.
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