Welcome to our dedicated page for Air Prods & Chems news (Ticker: APD), a resource for investors and traders seeking the latest updates and insights on Air Prods & Chems stock.
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.
Air Products (NYSE:APD) announced that its Chairman, President, and CEO, Seifi Ghasemi, will deliver remarks at the Deutsche Bank Global Materials Conference on June 9, 2022, at 8:15 am ET. The session is accessible via the company's Investor Relations website. Air Products, a leader in industrial gases for over 80 years, reported $10.3 billion in fiscal 2021 sales across more than 50 countries, with a market cap of approximately $55 billion. The company is dedicated to sustainability and innovation in various sectors, including energy and manufacturing.
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Air Products (NYSE: APD), OQ, and ACWA Power have signed a joint development agreement for a multibillion-dollar green hydrogen-based ammonia production facility in Oman, leveraging renewable energy sources. This project, which follows a memorandum of understanding from December 2021, will be located at Oman’s Salalah Free Zone and involves technology for hydrogen production by electrolysis and nitrogen by air separation. Each partner will equally own the facility, contributing to Oman’s renewable energy strategy and Vision 2040.
Air Products (NYSE:APD) launched the Female Engineers & Technical Associates (FETA) program on May 25, 2022, in Dammam, Saudi Arabia, with the Prince of the Eastern Province present. This initiative aims to enhance career development for women in engineering, providing tailored job rotations and training opportunities. The program aligns with Saudi Arabia's Vision 2030, promoting women’s empowerment. Additionally, Air Products is investing in Education For Employment to enhance youth employment prospects in the MENA region. The company reported fiscal 2021 sales of $10.3 billion and holds a market capitalization of around $55 billion.
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.
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