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 (APD) is a global leader in industrial gases and specialty chemicals serving energy, healthcare, and manufacturing sectors. This page provides investors and industry professionals with timely access to official press releases, financial updates, and strategic developments from the company.
Key resources include: Quarterly earnings announcements, partnership agreements, sustainability initiatives, and operational updates. All content is sourced directly from APD’s corporate communications to ensure accuracy and compliance with financial disclosure standards.
Why monitor APD news: Track the company’s progress in hydrogen energy projects, international expansion efforts, and technological innovations in gas production. Our centralized repository eliminates the need to search multiple sources for verified information.
Bookmark this page for immediate access to APD’s latest developments. For comprehensive analysis of how these updates may impact market performance, consult your financial advisor.
Air Products (NYSE:APD) and Air Products Qudra will present their advanced technologies at the ADIPEC conference from November 15-18 in Abu Dhabi. The joint venture emphasizes sustainable energy solutions, particularly the NEOM Green Hydrogen project. With a robust presence in the Middle East, Air Products aims to showcase innovations in hydrogen, carbon capture, and LNG. The company had a fiscal 2021 revenue of $10.3 billion and a market cap exceeding $65 billion. Their mission focuses on addressing environmental challenges through innovative solutions.
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.
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