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 new air separation facility in Cleveland, Ohio is now operational and serving customers. The facility includes liquid production capabilities and supplies products such as gaseous oxygen, gaseous nitrogen, and liquid argon under a long-term contract to an onsite customer, while also serving the regional merchant market.
The company is also reinvesting to extend the life of an existing air separation unit and liquefier plant at the same location. Air Products has maintained operations in Cleveland since the 1960s, serving diverse industries including chemicals, food, electronics, primary materials, fabricated metals, health and medical, and utilities sectors.
Air Products (NYSE:APD), the world's leading hydrogen supplier, has achieved a significant milestone by completing the first fill of the world's largest hydrogen sphere at NASA's Kennedy Space Center. The company delivered over 730,000 gallons of liquid hydrogen through more than 50 trailer loads to the massive sphere, measuring 90 feet tall and 83 feet in diameter.
The hydrogen will fuel NASA's Artemis missions, aimed at returning humans to the Moon and establishing a long-term lunar presence. This achievement marks Air Products' largest-ever hydrogen delivery to NASA, building on their partnership that dates back to 1957, spanning from the Mercury program through Apollo, Space Shuttle, and current missions.
Air Products (NYSE: APD) has announced the appointment of Howard Ungerleider to its Board of Directors, effective September 1, 2025. Ungerleider, who currently serves as Operating Advisor for Clayton, Dubilier & Rice, brings over 30 years of global business and financial leadership experience in the chemicals industry.
Prior to his current role, Ungerleider held several senior positions at Dow Inc. and its predecessors, including President (2018-2023) and CFO (2014-2023). He currently serves on the boards of American Airlines Group Inc. and Kyndryl Holdings Inc. He will join Air Products' Audit and Finance Committee.
Air Products (NYSE:APD) has appointed Megan Britt as vice president of Investor Relations, effective August 11, 2025. Britt, who brings nearly 25 years of experience, succeeds Eric Guter who is departing the company.
Britt joins from Archer-Daniels Midland where she served as vice president of Investor Relations since 2022. Her previous experience includes leading IR functions at Tyson Foods and Corteva Agriscience, along with various finance and strategy roles at DuPont. She will report to CFO Melissa Schaeffer and be based at the company's headquarters in Allentown, Pennsylvania.
Air Products (NYSE:APD) reported its fiscal Q3 2025 results with GAAP EPS of $3.24, up 4%, and GAAP operating income of $791 million, up 7% year-over-year. Third quarter sales reached $3.0 billion, a 1% increase, driven by higher energy cost pass-through, pricing, and favorable currency, partially offset by lower volumes.
The company revised its fiscal 2025 full-year adjusted EPS guidance to $11.90-$12.10 and expects Q4 adjusted EPS of $3.27-$3.47. Capital expenditures are projected at $5 billion for fiscal 2025. The quarter included pre-tax gains of $99 million from asset sales, offset by shareholder activism costs and project exit charges.
Performance varied across segments, with Americas sales up 2%, Asia sales increasing 3%, and Europe showing strong growth of 11%. The Middle East and India equity affiliates' income decreased 4%.
Air Products (NYSE:APD) has appointed Matthew Lepore as Executive Vice President, General Counsel and Secretary and Chief Compliance Officer, effective August 18, 2025. Lepore brings 30 years of international legal, commercial and compliance expertise to the role and will report to CEO Eduardo Menezes at the company's Allentown headquarters.
Lepore joins from BASF SE, where he served as Group General Counsel and held multiple senior positions. His previous experience includes leadership roles at BASF Corporation, Pfizer, DLA Piper, and the U.S. Department of Justice. He holds a J.D. from Mercer University and a B.S. from James Madison University.
Air Products (NYSE:APD) announced that its Board of Directors has declared a quarterly dividend of $1.79 per share of common stock. The dividend will be paid on November 10, 2025, to shareholders of record as of October 1, 2025.
Air Products (NYSE:APD) has announced it will host its fiscal 2025 third quarter earnings conference call on July 31, 2025, at 8:00 a.m. ET. The teleconference will be accessible to the public and media in listen-only mode via telephone and Internet broadcast. Participants can join via phone using the number 720-543-0220 with passcode 3763258, or access the webcast through Air Products' Investor Relations website, where presentation slides and a replay will also be available.