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 San Fu Co. , a subsidiary of Air Products (NYSE: APD), has signed a 10-year Power Purchase Agreement (PPA) with Tatung Forever Energy for solar electricity in Taiwan. The agreement, starting in Q4 2024, will help Air Products San Fu reduce its carbon footprint and support Taiwan's industrial decarbonization efforts. The renewable energy sourced will avoid CO2 emissions equivalent to the electricity-related emissions from over 80,000 Taiwanese households during the agreement period.
This strategic partnership aligns with Air Products' commitment to addressing climate change and supporting sustainable development in Taiwan's industrial gases sector. Air Products San Fu, with over 70 years of presence in Taiwan, operates more than 60 production facilities serving diverse markets and holds leading positions in key science industry parks.
Air Products APD has announced that Sidd Manjeshwar, vice president of Investor Relations, will be speaking at the Jefferies Industrials Conference on Wednesday, September 4, 2024 at 8:05 a.m. US ET. This presentation marks an important opportunity for investors and analysts to gain insights into Air Products' strategies and performance.
Interested parties can access the session through Air Products' Investor Relations Event Details website, providing a convenient way for stakeholders to stay informed about the company's latest developments and future outlook. This event underscores Air Products' commitment to transparent communication with its investors and the broader financial community.
Air Products (NYSE: APD) has published its 2024 Sustainability Report, titled 'Generating a Cleaner Future'. The report highlights the company's progress on sustainability goals and introduces new targets. Key points include:
1. Updated carbon intensity goals with a new 2023 baseline.
2. Commitment to quadruple renewable energy use by 2030.
3. Plans to develop water management strategies for high-priority facilities by 2026.
4. Showcases world-scale clean hydrogen projects, including the NEOM Green Hydrogen Company in Saudi Arabia and complexes in Louisiana and Edmonton.
5. These projects aim to avoid 250-500 million metric tonnes of CO2e over their lifetime.
The report also mentions several recognitions, including an 'A' rating from MSCI for environmental, social, and governance performance.
Air Products (NYSE: APD) reported fiscal 2024 third quarter results with GAAP EPS of $3.13, up 17% year-over-year, and adjusted EPS of $3.20, up 7%. The company's GAAP net income increased 16% to $709 million, with a net income margin of 23.7%, up 360 basis points. Adjusted EBITDA rose 5% to $1.3 billion, with a margin of 42.4%, up 260 basis points. Sales decreased 2% to $3.0 billion due to unfavorable currency and lower energy cost pass-through. Air Products confirmed its fiscal 2024 full-year adjusted EPS guidance of $12.20 to $12.50 and expects capital expenditures between $5.0-$5.5 billion.
Air Products (NYSE: APD) has announced plans to build a network of permanent, commercial-scale hydrogen refuelling stations (HRSs) across Europe, strategically located near the Trans-European Transport Network (TEN-T). These stations will offer enhanced fueling technology, multiple pressure options, and onsite liquid hydrogen storage. The company is collaborating with Daimler Truck on a pioneering hydrogen truck pilot project, trialing five Mercedes-Benz GenH2 trucks at a mobile fuelling station in Duisburg.
Air Products is also doubling Europe's total liquid hydrogen capacity with a second liquefaction plant in Rotterdam. The company has secured funding from the European Commission and the German state of North Rhine-Westphalia for several HRS projects. This initiative aligns with Air Products' commitment to convert its distribution fleet to hydrogen-powered vehicles, supporting the advancement of a safe and resilient hydrogen ecosystem for heavy-duty transportation across Europe.
Air Products (NYSE:APD) has announced the formation of a Management Board, effective immediately, to execute the company's two-pillar growth strategy. This strategy aims to optimize and grow Air Products' core industrial gases business while advancing the energy transition through clean hydrogen.
Chairman, President and CEO Seifi Ghasemi will lead the new Management Board, comprising 11 senior executives from various global divisions. The board's formation is designed to streamline and optimize the global organization, maintain Air Products' position as the safest and most profitable industrial gas company in the world, and enhance its ability to execute its full portfolio of projects.
Air Products (NYSE: APD) has announced a quarterly dividend of $1.77 per share of common stock. The dividend will be payable on November 12, 2024 to shareholders of record at the close of business on October 1, 2024. This declaration by the Board of Directors demonstrates the company's commitment to returning value to its shareholders through regular dividend payments.
Air Products (NYSE: APD) has announced plans to build two new air separation units (ASUs) at its facilities in Conyers, Georgia and Reidsville, North Carolina. These new ASUs will replace older units, provide additional capacity, and are expected to be operational by 2026. The project aims to enhance sustainability, productivity, and operational flexibility of Air Products' base industrial gas business.
The new ASUs will produce liquid oxygen, liquid nitrogen, and liquid argon for regional supply to established and growing merchant markets. These markets include chemicals, food, metals processing, primary materials, fabricated metals, electronics, and distributors. The investment demonstrates Air Products' commitment to its industrial gas business and will ensure enhanced product reliability for regional customers.
Air Products (NYSE:APD) has announced that Eric Guter will become the new Vice President of Investor Relations, effective September 30, 2024. Guter, who has been with the company since 1995, will succeed Sidd Manjeshwar, who is leaving to pursue other opportunities. The transition will be managed over the coming months to ensure continuity.
Guter brings nearly 30 years of experience at Air Products, including expertise in hydrogen and energy transition. He has held various roles in operations, commercial business, and most recently served as vice president of Hydrogen for Mobility. Air Products' CEO, Seifi Ghasemi, expressed confidence that Guter's extensive business experience and financial knowledge will be valuable to the investment community as the company executes its industrial gases and clean hydrogen growth strategy.
Air Products (NYSE: APD), a global industrial gases company, has received an 'A' rating on MSCI's Environmental, Social and Governance (ESG) Ratings. This rating reflects improvements in carbon management, including carbon capture efforts and a goal to achieve net-zero carbon emissions from operations by 2050. MSCI recognized Air Products as an ESG leader in clean tech and safety and health within its industry.
The company has committed to invest $15 billion in world-scale clean energy projects to accelerate the energy transition. This MSCI rating adds to Air Products' recent recognitions, including inclusion in Barron's 100 Most Sustainable Companies List, S&P Global's Sustainability Yearbook 2024, and Newsweek's America's Greatest Workplaces for Diversity in 2024.
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