Air Prods & Chems Inc Stock Price, News & Analysis

Air Products (NYSE: APD) reported fiscal year 2021 results with a GAAP EPS of $9.12, up 7%, and a net income of $2.115 billion, a 10% increase. However, the GAAP net income margin fell to 20.5%, down 130 basis points due to higher costs. For Q4 FY21, EPS was $2.51, up 15%, with net income reaching $619 million. The company announced a 12% dividend increase, recognizing sustainability achievements and major projects in clean energy, including a $4.5 billion complex in Louisiana and a landmark facility in Alberta. Guidance for FY22 adjusted EPS is set between $10.20 to $10.40.

Air Products (NYSE:APD) is set to announce its fiscal 2021 fourth quarter financial results on November 4, 2021, prior to market opening. The teleconference will begin at 11:00 a.m. ET and will be accessible to the public via telephone and internet. The company provides essential industrial gases across multiple sectors, with fiscal 2020 sales reaching $8.9 billion and a market capitalization of $65 billion. The live teleconference will include details on earnings and company performance for stakeholders.

Air Products (NYSE: APD) has been awarded a gold medal for Corporate Social Responsibility (CSR) by EcoVadis for the fifth consecutive year, placing it in the top four percent of rated companies. This acknowledgment highlights the company's ongoing commitment to sustainability, which is integral to its growth strategy. EcoVadis evaluates CSR through various management indicators across sustainability criteria. Additionally, Air Products has received accolades from Barron's and the Dow Jones Sustainability Index, affirming its status as a leader in sustainability and environmental responsibility.

Air Products (NYSE: APD) has finalized asset acquisitions and project financing for a $12 billion air separation unit/gasification/power joint venture in Jazan, Saudi Arabia, in partnership with Aramco, ACWA Power, and Air Products Qudra. The joint venture will manage a facility under a 25-year contract with Aramco supplying feedstock. Air Products holds a 50.6% ownership in the venture. This facility will support Aramco's Jazan Refinery, enhancing energy production capabilities from crude oil processing.

Air Products (NYSE: APD) and Sublime Stericeuticals announced a collaboration to develop advanced sublimation and desorption technology aimed at creating a continuous freeze-drying system for vaccine and drug solutions. This joint development agreement will leverage Air Products' cryogen delivery and liquid nitrogen spray freezing technology alongside Sublime's expertise. The new system is designed to enhance pharmaceutical manufacturing efficiency, potentially improving yield and viability for high-value materials. The goal is to reduce long processing times and improve outcomes in lyophilization, a critical process in drug preservation.

Air Products (NYSE:APD) has launched a new brand identity for its membrane business units, rebranding them as Air Products Membrane Solutions. This change aims to enhance customer experience and foster collaboration among its previously separate units, including PRISM® Membranes and Permea China Ltd. The company, a leader in membrane technology for 30 years, focuses on innovative solutions for gas separation and purification, particularly in industries such as aerospace, food and beverage, and energy. With projected sales of $8.9 billion in fiscal 2020, Air Products continues its commitment to sustainability and technological advancement.

On October 14, 2021, Louisiana Governor John Bel Edwards and Air Products CEO Seifi Ghasemi announced a $4.5 billion clean energy complex in Ascension Parish, Louisiana, aimed at producing over 750 MMSCFD of blue hydrogen. This megaproject will create 170 permanent jobs with an annual payroll of $15.9 million and over 2,000 construction jobs over three years. It includes the world's largest carbon capture for permanent sequestration, expected to be operational by 2026. This investment marks Air Products' largest in the U.S. and solidifies Louisiana's position in the clean energy transition.

Air Products (NYSE:APD) is set to announce its fiscal 2021 fourth quarter financial results on November 4, 2021, prior to market open. A teleconference will be held at 8:30 a.m. ET for public and media access. Interested participants can join via telephone or Internet broadcast. The company, a leader in industrial gases with a fiscal 2020 revenue of $8.9 billion, is focused on energy, environment, and emerging markets, operating in over 50 countries with a market cap around $60 billion.

Air Products (NYSE: APD) has initiated operations at its new liquid hydrogen plant located in La Porte, Texas, producing about 30 tons of liquid hydrogen daily. This facility is designed to meet the growing demand in various markets, particularly the hydrogen for mobility sector. The hydrogen will be sourced from Air Products' extensive Gulf Coast hydrogen pipeline network. In addition, the company plans to construct a green hydrogen production facility in the Southwest U.S. to cater to zero-carbon hydrogen fuel needs.