Air Prods & Chems Inc Stock Price, News & Analysis

The Board of Directors of Air Products (NYSE:APD) has declared a quarterly dividend of $1.50 per share, payable on August 9, 2021. Shareholders on record by close of business on July 1, 2021 will receive this dividend. Air Products operates globally, with fiscal 2020 sales of $8.9 billion and a market capitalization of $65 billion. The company focuses on industrial gases across various sectors, including energy and environment, and aims to enhance sustainability through innovative solutions.

On May 18, 2021, Air Products announced that CFO Scott Crocco will present at the Vertical Research Partners Chemicals Innovation Conference virtually on May 25, 2021, at 8:00 a.m. USET. A webcast of the event will be available on Air Products' Investor Relations site. Air Products (NYSE: APD) is a leader in industrial gases, with fiscal 2020 sales of $8.9 billion and a market capitalization of about $65 billion. The company supports various industries, focusing on sustainability and innovative solutions.

Air Products (NYSE:APD) reported Q2 FY21 results with GAAP EPS at $2.13, down 4%, and GAAP net income of $477 million, down 3%. An estimated COVID-19 impact of $0.10-$0.15 per share was noted. Adjusted EPS rose 2% to $2.08, despite a 300 basis point decrease in adjusted EBITDA margin to 37.3%. Sales increased 13% to $2.5 billion, driven by higher energy costs and favorable currency, though volumes were flat. Full-year adjusted EPS guidance is set at $8.95 to $9.10, signaling a 7-9% increase compared to the previous year.

Air Products (NYSE:APD) announced that Chairman, President and CEO Seifi Ghasemi will speak at the Goldman Sachs Industrials and Materials Conference on May 12, 2021, at 8:50 a.m. USET. The event will be held virtually, and a webcast will be available on the company's Investor Relations website. Air Products is a leader in industrial gases, with a fiscal 2020 sales of $8.9 billion and a market capitalization of about $65 billion. The company focuses on energy, environment, and emerging markets, operating globally with over 19,000 employees.

Air Products (NYSE: APD) has announced that its Kochi Industrial Gas Complex is supplying syngas to Bharat Petroleum's Propylene Derivatives Petrochemical Project (PDPP) in India. This marks the second contract between the two companies. Air Products' existing facility, operational since 2017, supports BPCL's entry into the petrochemical market, producing niche products like Acrylic acid and Oxo-alcohols. With FY 2020 sales of $8.9 billion and a market cap exceeding $60 billion, Air Products continues its commitment to safety and reliability in large-scale industrial gas projects.

Air Products (NYSE: APD) has successfully completed the acquisition of the remaining 50% equity stake in its gasification technology joint venture with China Shenhua Coal to Liquid and Chemical Co. Ltd. This acquisition, part of a broader strategy to enhance its gasification portfolio, integrates resources in China and supports its ongoing projects globally. Air Products continues to execute significant gasification initiatives, including a $2 billion coal-to-methanol project in Indonesia, solidifying its leadership in the sector.

Air Products (NYSE:APD) and New Flyer of America recently showcased hydrogen fuel cell electric buses in Oregon, demonstrating their benefits for public transportation. The tour included stops in Portland and Eugene, where transit agencies experienced real-world fueling and operation of the buses. This initiative supports the transition to low-emission fleets amid growing encouragement from states like Oregon and Washington. Air Products, a leader in hydrogen supply, emphasizes its commitment to sustainable solutions, highlighted by the recent opening of the largest hydrogen fueling station for transit buses in the U.S., located in Santa Ana, California.

Air Products (NYSE:APD) has opened a new hydrogen fueling station in Ulsan City, South Korea, the first private sector station under the government's subsidy program. This aligns with South Korea's hydrogen economy roadmap, aiming for 6.2 million fuel cell vehicles and 1,200 fueling stations by 2040. Air Products, a leader in hydrogen production, has over 25 years of experience in designing fueling stations and has completed over 250 hydrogen projects globally. The company reported fiscal 2020 sales of $8.9 billion and has a market capitalization exceeding $60 billion.

Air Products (NYSE:APD) is set to release its fiscal 2021 second quarter financial results on May 10, 2021, prior to market open. The company will conduct a teleconference at 8:30 a.m. ET to review its financial performance, which will be accessible to the public and media in listen-only mode via telephone and Internet. Investors can find more information including the replay details on their Investor Relations website.