Air Prods & Chems Inc Stock Price, News & Analysis

The Board of Directors of Air Products (NYSE:APD) declared a quarterly dividend of $1.62 per share, payable on August 8, 2022. Shareholders on record as of July 1, 2022 will receive this dividend. Air Products, a leader in industrial gases, reported fiscal 2021 sales of $10.3 billion and a market capitalization of approximately $55 billion. The company is committed to sustainability and operates large-scale gas projects, including those focusing on hydrogen and carbon capture, aiding in energy transition efforts.

Air Products (NYSE:APD) will donate up to $15,000 to the AIST Foundation during AISTech2022, taking place from May 16-18 in Pittsburgh, Pennsylvania. For each registered attendee visiting their booth, $100 will be donated to promote steel industry careers for young engineers. Air Products aims to help iron and steelmakers optimize efficiency, reduce costs, and decarbonize processes. The company will also participate in presentations on hydrogen production and green furnace technologies, showcasing their expertise in industrial gas solutions.

Air Products (NYSE:APD) showcased its Hydrogen for Mobility Solutions at the Advanced Clean Transportation (ACT) Expo in Long Beach, California, on May 9, 2022. Eric Guter, Global VP for Hydrogen, participated in a panel discussing essential hydrogen fuel strategies. Air Products emphasized hydrogen's role in sustainable transportation, capable of meeting the demands of heavy-duty vehicles. The company reported over 1.5 million annual refuelings across 20 countries, underlining its expertise in hydrogen production and distribution.

Air Products (NYSE:APD) is set to launch its second annual global Week of Inclusion starting May 9, 2022, promoting diversity and belonging among employees. This initiative supports CEO Action for Diversity and Inclusion, with CEO Seifi Ghasemi aiming for the company to be the most diverse industrial gas firm. The theme for this year is 'Leaning into Empathy,' emphasizing the importance of understanding and sharing emotions in the workplace. Keynote speaker Denise Hamilton will lead discussions, with over 20 sessions planned in five languages. Air Products strives for 28% female and 30% minority representation by 2025.

Air Products reported Q2 FY22 results with a GAAP EPS of $2.38, reflecting a 12% increase year-over-year, and a net income of $537 million, rising 13%. Sales reached $2.9 billion, up 18%, driven by higher volumes and pricing. Adjusted EBITDA stood at $1,019 million, up 9%. The company announced major investments, including a $2 billion project for Sustainable Aviation Fuel. Full-year adjusted EPS guidance remains at $10.20 to $10.40, indicating a 13-15% growth over the previous year.

Air Products (NYSE: APD) has partnered with Schenk Tanktransport and TNO on the Clean Hydrogen and Road Transport Project (CH2aRT) to develop hydrogen trucks and a hydrogen refuelling station in Rotterdam. Supported by a subsidy from the Dutch Ministry of Infrastructure, this initiative aims to enhance the use of hydrogen in heavy-duty transport. The project will initially support three zero-emission trucks and is aligned with the HyTrucks consortium's goal of deploying 1,000 hydrogen-powered trucks by 2025. The collaboration underscores Air Products' role as a leader in hydrogen production.

Air Products (NYSE: APD) has successfully launched two new air separation units as part of its long-term agreements to supply ultra-high purity gases to a major semiconductor manufacturer in Asia. The company is investing approximately $400 million to support this project in Tainan Science Park, Southern Taiwan. Air Products has over 40 years of experience serving the global electronics industry and has established a strong supply position in Taiwan, supported by a significant nitrogen pipeline.

Air Products San Fu has announced a significant investment of $900 million to build ultra-high purity industrial gas facilities in Kaohsiung, Taiwan, supporting a major semiconductor manufacturer. This project will enhance the supply of nitrogen, oxygen, argon, and hydrogen to advanced fabs, demonstrating the company's commitment to growth and reliability in the electronics sector. With over 40 years of experience in the global electronics market, Air Products aims to meet increasing demands in semiconductor manufacturing, further solidifying its position as a leading integrated gases supplier.