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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.
Air Products (NYSE:APD) is set to showcase its freezing and chilling solutions at the Boston Seafood Expo from March 13-15, 2022. Key technology includes the Freshline® IQ cryogenic tunnel freezer, designed for seafood processors, enabling rapid freezing that preserves moisture and quality. The company, which has over 60 years of experience in supplying the food industry, operates advanced labs in Allentown, PA, to test and optimize cryogenic processes for customers. Air Products reported fiscal 2021 sales of $10.3 billion and has a market cap exceeding $50 billion.
Air Products (NYSE: APD) announced that Chairman, President, and CEO Seifi Ghasemi will speak at the J.P. Morgan Industrials Conference on March 16, 2022, at 8:50 am ET. The session can be accessed via the company's Investor Relations Event Details page.
As a leading industrial gases company with over 80 years of experience, Air Products reported earnings of $10.3 billion in fiscal 2021 and operates in over 50 countries, focusing on energy, environment, and emerging markets.
Air Products (NYSE: APD) announced the construction of a green liquid hydrogen production facility in Casa Grande, Arizona, set to produce 10 metric tons per day. The facility, expected to start operations in 2023, will utilize renewable energy and advanced compression technology from Baker Hughes. This project aims to support California's zero-emission vehicle goals by providing hydrogen for the mobility market. Air Products continues to lead in hydrogen production, emphasizing sustainability and decarbonization across its operations.
Air Products (NYSE:APD) has partnered with Saudi Arabian Refrigerant Gases Company (SARGAS) to build a new air separation unit (ASU) at Jindal Shadeed Iron & Steel in Sohar, Oman. This unit will produce over 400 T/D of oxygen and nitrogen, increasing gaseous oxygen and nitrogen capacity by 50%. This project marks Air Products' third ASU at the facility, enhancing liquid oxygen and nitrogen production capabilities. The initiative aligns with Air Products' commitment to support industry growth amidst the COVID-19 pandemic, as stated by Hamid Sabzikari, VP and GM of Air Products Industrial Gases in the Middle East.
Air Products (NYSE:APD) is showcasing its industrial gas solutions at the Natural Products Expo West in Anaheim, California, from March 10-12. The company will focus on enhancing productivity in natural food processing, particularly with its Freshline® IQ cryogenic tunnel freezer, which offers rapid freezing of plant-based foods. The technology minimizes product weight loss and preserves quality. Air Products has over 60 years of experience supplying the food industry with gases and equipment, demonstrating its commitment to optimizing food processing through innovative cryogenic applications.
On February 22, 2022, it was announced that Tonit Calaway will join the Board of Directors of Air Products (NYSE: APD) starting March 1, 2022. Ms. Calaway brings a wealth of experience, having served in leadership roles in HR and legal at BorgWarner and Harley-Davidson. Air Products’ Chairman, Seifi Ghasemi, praised her for her diverse background, emphasizing the company's commitment to diversity and inclusion. Air Products, a leader in industrial gases, reported $10.3 billion in sales for fiscal 2021 and has a market capitalization of approximately $60 billion.
Air Products (NYSE:APD) has been recognized for the fourth consecutive year on Barron's 100 Most Sustainable Companies List, ranking 38th. The company emphasizes sustainability as a key part of its growth strategy, aiming to address major energy and environmental challenges. Recent achievements include a perfect score on the Human Rights Campaign's Corporate Equality Index and recognition in the S&P Global Sustainability Yearbook. Air Products focuses on clean energy solutions and has generated $10.3 billion in sales for fiscal 2021, with a market cap of approximately $60 billion.
Air Products (NYSE: APD) reported a robust Q1 FY22, showing a 19% increase in GAAP EPS to $2.52, and a 13% rise in net income to $550 million. The adjusted EBITDA reached $1,003 million, up 8%, despite a decline in margins affected by rising energy costs. Sales surged 26% to $3 billion, driven by higher pricing and volumes. The company announced an 8% dividend increase, marking 40 consecutive years of growth. FY22 adjusted EPS guidance is set at $10.20-$10.40, indicating a growth of up to 15% year-over-year.
Air Products (NYSE: APD) has announced a quarterly dividend increase of 12 cents per share, raising it from $1.50 to $1.62. This marks the company's 40th consecutive year of increasing dividends, underscoring its strong cash flow and commitment to shareholder value. The new dividend will be payable on May 9, 2022, to shareholders of record by April 1, 2022. Air Products expects to return over $1.4 billion to shareholders in 2022, bolstering confidence in its ongoing projects focused on decarbonization and energy transition.
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