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Air Products and Chemicals

Air Products & Chemicals, Inc. engages in the manufacture and distribution of atmospheric gases. It operates through the following segments: Industrial Gases-Americas, Industrial Gases-EMEA (Europe, Middle East, and Africa), Industrial Gases-Asia, Industrial Gases-Global, and Corporate & Other. The Industrial Gases-America, EMEA, and Asia segment markets and produces atmospheric gases, such as oxygen, nitrogen, argon, and rare gases, process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases and equipment for the production and processing of gases, such as air separation units and non-cryogenic generators. The Industrial Gases-Global segment comprises cryogenic and gas processing equipment for air separation. The Corporate & Other segment includes LNG equipment and helium storage and distribution sale of equipment businesses and corporate support functions. The company was founded by Leonard Parker Pool on September 30, 1940 and is headquartered in Allentown, PA.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q1 2025

Air Products reports resilient Q1 earnings, focuses on green hydrogen

Air Products delivered strong Q1 performance with earnings per share growth and dividend increases, driven by key projects in green hydrogen and gasification. Despite challenges in global markets, the company remains optimistic about future prospects and emphasizes strategic focus on sustainable energy solutions. Managing project financing, pricing dynamics, and inflation risks are key challenges that require attention, while opportunities for growth exist in expanding green hydrogen initiatives and adapting to market trends.

Air Products excels in Q2 earnings, poised for green hydrogen growth

Air Products and Chemicals delivered strong financial performance in Q2, with a focus on hydrogen projects and green initiatives driving growth. While facing challenges in forecasting energy costs and technology licensing, the company is well-positioned to capitalize on opportunities in green hydrogen production and project financing. Overall, Air Products' strategic focus on sustainability and innovation bodes well for future success.

Air Products (APD) reports robust Q3 earnings amidst macro uncertainties

Air Products and Chemicals (APD) delivered strong Q3 results, showcasing growth in earnings and a strategic focus on clean hydrogen projects. While facing macroeconomic uncertainties, the company remains committed to sustainability, stable pricing, and project execution, positioning itself for future opportunities.

Air Products (APD) excels in Q4 earnings, eyes hydrogen growth

Air Products and Chemicals (APD) reported robust Q4 earnings, driven by successful strategy execution in hydrogen projects and a strong backlog. The company's commitment to financial discipline, safety, and shareholder value maximization positions it well for future growth. Challenges in managing cash flows and market dynamics in Asia require strategic attention.

Air Products posts 7% EPS growth, eyes sustainability for future

Air Products reports solid financial performance with increased EPS and dividend. Challenges include economic headwinds and helium demand issues. Company focuses on sustainability and growth strategies, anticipating continued growth in EPS.

Air Products surpasses Q2 earnings, eyes sustainable growth strategies

Air Products' Q2 performance exceeded expectations, emphasizing sustainability and profitability.
Challenges include economic uncertainties in Asia and significant maintenance expenses in 3Q.
Strengths lie in long-term growth goals, market positioning, and adaptability to market changes.
Opportunities exist in unique product offerings, market expansion, and value creation through project realization.

Air Products (APD) surpasses Q3 earnings expectations, secures key agreements

Air Products and Chemicals (APD) delivered a strong performance in Q3 2024, exceeding earnings expectations and achieving significant milestones. While facing challenges related to project execution and pricing strategies, the company remains focused on its growth strategy and profitability. With a positive outlook and emphasis on transparency, APD is well-positioned to capitalize on opportunities in the market.

Air Products reports robust Q4 results, eyes growth in clean energy

Air Products' Q4 earnings call highlighted strong performance, safety achievements, and growth strategies in core industrial gases and clean energy. The company faces challenges in project execution and pricing dynamics but sees opportunities in clean hydrogen initiatives and strategic partnerships.

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Air Products & Chemicals, Inc. engages in the manufacture and distribution of atmospheric gases. It operates through the following segments: Americas, Asia, Europe, Middle East and India, and Corporate and Other. The Americas, Asia, Europe, and Middle East and India segments focuses on producing and selling gases to customers, including those in refining, chemicals, metals, electronics, manufacturing, medical, and food industries. The Corporate and Other segment is involved in sales of cryogenic and gas processing equipment for air separation that is sold worldwide to customers in a variety of industries, including chemical and petrochemical manufacturing, oil and gas recovery and processing, and steel and primary metals processing. The company was founded by Leonard Parker Pool on September 30, 1940 and is headquartered in Allentown, PA.

LEHIGH VALLEY, Pa. , Nov. 21, 2024 /PRNewswire/ -- The Board of Directors of Air Products (NYSE:APD) today declared a quarterly dividend of $1.77 per share of common stock.

Air Products Declares Quarterly Dividend

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LEHIGH VALLEY, Pa. , Nov. 19, 2024 /PRNewswire/ -- Air Products (NYSE:APD) today issued the following statement regarding the nomination of director candidates by Mantle Ridge for election to the Air Products Board of Directors at the Company's 2025 Annual Meeting: Air Products' Board of Directors has received Mantle Ridge's nomination notice and director nominees.

Air Products Issues Statement

Mantle Ridge has nominated nine directors to replace the board at Air Products and Chemicals , with the activist investor pushing the industrial gases maker to name a new CEO, shift its capital allocation and abandon riskier projects.

Exclusive: Mantle Ridge nominates new board for Air Products, pushes for new CEO

Air Products and Chemicals is a high-quality industrial gases company with a strong balance sheet, consistent dividend growth, and a sustainability-driven growth strategy. Valuation analysis suggests APD is rarely cheap, with a current PEG ratio around 2.4x, making it a favorable long-term investment despite a high P/E ratio. For swing traders, an entry below 20x earnings is ideal, while long-term investors can consider up to 25x earnings.

Air Products And Chemicals: 2 Strategies For A Dividend Champion (Technical Analysis)

Bob Patel and Alfred Stern, seasoned executives with experience leading major publicly listed industrial companies, to stand for election at Air Products' 2025 Annual Meeting of Shareholders Patel, former Chief Executive Officer (CEO) of W.R. Grace and LyondellBasell and former President of Standard Industries, brings 35 years of global chemicals and materials industry experience in senior manufacturing, commercial, and management roles, and on public company boards, with extensive experience leading large-scale, global company transformations Stern, CEO and Executive Board Chairman of the OMV Group, Supervisory Board Chairman of OMV Petrom, and former CEO of Borealis, has 29 years of proven experience in leading and transforming global energy and chemicals companies and leading international multi-billion-dollar projects LEHIGH VALLEY, Pa.

Air Products Announces Two New Independent Director Candidates as Part of Ongoing Board Refreshment

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November's top-yielding Aristocrats include Franklin Resources, Amcor, Hormel, and Kenvue, meeting the dogcatcher ideal of dividends from $1K invested exceeding single share prices. Analysts forecast 12.5% to 20.12% net gains from the top-ten Aristocrat Dogs by November 2025, with NextEra Energy and Target leading the projections. Seven more Aristocrats, including Realty Income and Chevron, are within 50% of meeting the ideal dividend-to-price ratio, potentially becoming fair priced with market pressure.

67 Aristocrats November Dividend Cornucopia Has 39 'Safer' And 2 Ideal Dogs

Shares of Air Products and Chemicals have shown mixed performance, with recent improvements driven by better results and activist pressure, but now appear fairly valued. APD's Q4 results showed a 13% EPS increase despite flat revenue, driven by margin expansion and operational efficiencies, with regional performance varying meaningfully. Management's guidance for fiscal 2025 is cautious, with a focus on reducing capital expenditures and addressing investor concerns, including succession planning and hydrogen project risks.

Air Products and Chemicals: Mixed Results Offset By Lower Capital Spending (Rating Downgrade)

Air Products and Chemicals, Inc. (NYSE:APD ) Q4 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Eric Guter - IR Seifi Ghasemi - Chairman, President and CEO Melissa Schaeffer - CFO Sean Major - EVP, General Counsel and Secretary Conference Call Participants John McNulty - BMO Capital Markets Jeff Zekauskas - JPMorgan Patrick Cunningham - Citi Steve Byrne - Bank of America David Begleiter - Deutsche Bank John Roberts - Mizuho Chris Parkinson - Wolfe Research Mike Sison - Wells Fargo Josh Spector - UBS Kevin McCarthy - Vertical Research Partners Mike Leithead - Barclays Duffy Fischer - Goldman Sachs Laurence Alexander - Jefferies Sebastian Bray - Berenberg Operator Good morning, and welcome to Air Products' Fourth Quarter Earnings Release Conference Call. Today's call is being recorded at the request of Air Products.

Air Products and Chemicals, Inc. (APD) Q4 2024 Earnings Call Transcript

The headline numbers for Air Products and Chemicals (APD) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Air Products and Chemicals (APD) Q4 Earnings: A Look at Key Metrics

The flat Q4 sales of APD are attributed to 1% increased volumes and pricing offset by 2% lower energy cost pass-through.

Air Products' Q4 Earnings Top Estimates, Revenues Miss

Air Products and Chemicals (APD) came out with quarterly earnings of $3.56 per share, beating the Zacks Consensus Estimate of $3.44 per share. This compares to earnings of $3.15 per share a year ago.

Air Products and Chemicals (APD) Surpasses Q4 Earnings Estimates

Fiscal Year 2024 (comparisons versus prior year): GAAP EPS# of $17.24, up 67 percent; GAAP net income of $3.9 billion, up 65 percent; and GAAP net income margin of 31.9 percent, up 1,330 basis points Adjusted EPS* of $12.43, up eight percent; adjusted EBITDA* of $5.0 billion, up seven percent; and adjusted EBITDA margin* of 41.7 percent, up 440 basis points Q4 FY24 (comparisons versus prior year): GAAP EPS# of $8.81, up 186 percent; GAAP net income of $2.0 billion, up 181 percent; and GAAP net income margin of 61.2 percent, up 3,940 basis points Adjusted EPS* of $3.56, up 13 percent; adjusted EBITDA* of $1.4 billion, up 12 percent; and adjusted EBITDA margin* of 44.1 percent, up 460 basis points Fiscal 2024 and Recent Highlights Creating shareholder value Delivered fiscal fourth quarter adjusted EBITDA margin* of 44.1 percent and fiscal year 2024 adjusted EBITDA margin* of 41.7 percent Increased dividend to $1.77 per share, with approximately $1.6 billion of dividend payments to shareholders in 2024 Core industrial gas business Completed divestiture of non-core liquefied natural gas ("LNG") process technology and equipment business to Honeywell for $1.81 billion in an all-cash transaction Announced plans to construct two new air separation units at the Company's Conyers, Georgia, and Reidsville, North Carolina locations to serve local merchant markets Announced $70 million investment to expand gas separation and purification membranes at the Company's Missouri manufacturing and logistics center, driven by growing product demand in biogas and hydrogen recovery applications, as well as customer needs for the use of nitrogen for the aerospace industry and cleaner fuels for the marine industry Clean hydrogen / energy transition Signed a 15-year agreement to supply 70,000 tons of green hydrogen annually starting in 2030, helping to decarbonize TotalEnergies' Northern European refineries and avoid approximately 700,000 tons of CO₂ each year Announced plans to build networks of permanent, commercial-scale, multi-modal hydrogen refueling stations in California, Canada and Europe Announced trial of a Daimler Mercedes-Benz GenH2 truck, aligned with Air Products' goal to convert its distribution fleet to hydrogen powered vehicles Sustainability      Awarded 'A' rating on MSCI's environmental, social and governance ratings Listed among Barron's 100 Most Sustainable Companies for the sixth consecutive year Set additional sustainability goals, including committing to quadruple renewable energy used to make the Company's products by 2030 compared to a 2023 baseline; signed 10-year Power Purchase Agreements for renewable energy with Tatung Forever Energy (Taiwan) and Eneco (The Netherlands) Guidance Fiscal 2025 full-year adjusted EPS guidance* of $12.70 to $13.00; fiscal 2025 first quarter adjusted EPS guidance* of $2.75 to $2.85 Expect fiscal year 2025 capital expenditures* in the range of $4.5 billion to $5.0 billion Air Products completed the divestiture of its LNG business on September 30, 2024; therefore, this business will not contribute to fiscal 2025 results and, accordingly, is not reflected in fiscal 2025 guidance. Refer to page 9 below for additional information.

Air Products Reports Fiscal 2024 Fourth Quarter GAAP EPS of $8.81 and Adjusted EPS of $3.56

Get a deeper insight into the potential performance of Air Products and Chemicals (APD) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Wall Street's Insights Into Key Metrics Ahead of Air Products and Chemicals (APD) Q4 Earnings

Air Products is a low-risk, cash-generating business that will benefit from soaring demand for clean hydrogen. Hydrogen is increasingly being adopted in industrial processes, the energy industry and transportation due to the decarbonisation drive. Air Products has a stable, long-term contracted core business but has been increasingly assuming development risk with its hydrogen projects.

Air Products: A Low-Risk Bet On Clean Hydrogen Future

Air Products and Chemicals (APD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Air Products and Chemicals (APD) Earnings Expected to Grow: Should You Buy?

Hedge fund D.E. Shaw shifted course in its campaign for change at industrial gases company Air Products and Chemicals and is now supporting a rival activist's efforts instead of pressing ahead with its own board challenge, sources familiar with the matter said on Thursday.

D.E. Shaw throws support to Mantle Ridge in Air Products board fight

A growing controversy over the ESG-driven capital allocation strategies of industrial gas provider Air Products illustrates the sorts of challenges so many American companies face related to the energy transition. Management at Air Products has come under fire from major investors in recent weeks due largely to the heavy, high-risk investments it has made in green hydrogen, which is classified as hydrogen manufactured in an electrolysis process using zero-carbon power generation sources only.

ESG-Driven Green Hydrogen Risk At The Center Of Air Products Dispute

Both activists want to address CEO succession planning and capital allocation at the company.

D.E. Shaw, Mantle Ridge zero in on key fixes to build shareholder value at Air Products

Air Products and Chemicals (APD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Air Products and Chemicals (APD) Beat Estimates Again in Its Next Earnings Report?

LEHIGH VALLEY, Pa. , Oct. 14, 2024 /PRNewswire/ -- Air Products (NYSE:APD) will release its fiscal 2024 fourth quarter financial results prior to market open on Thursday, November 7, 2024 and will review these results in a teleconference at 8:30 a.m.

Air Products to Broadcast Fiscal Fourth Quarter Earnings Teleconference on November 7, 2024

David Shaw has long been known as the “King of Quants” because of his pioneering use of computers and algorithms to foster high-speed quantitative trading.

Billionaire David Shaw Says This Dividend Aristocrat Is His #1 Target

The hedge fund called for changes at Air Products aimed at addressing underperformance and deficiencies in governance and capital allocation policies.

D.E. Shaw Calls for Improvements at Air Products & Chemicals

Multi-strategy hedge fund D.E. Shaw nominated three directors to Air Products and Chemical's board, and is pushing for the company to return to historically successful business practices.

Hedge fund D.E. Shaw nominates three directors at Air Products, has $1 billion stake

Reiterates the Need for the Board to Engage in Proper Succession Planning and Insist on a More Rigorous Capital Allocation Policy NEW YORK , Oct. 10, 2024 /PRNewswire/ -- The D. E. Shaw group, a global investment and technology development firm with more than $60 billion in investment capital and a history of working with companies to help build long-term value, today sent an open letter to the Board of Directors of Air Products and Chemicals, Inc. (NYSE: APD) (the "Company" or "APD") calling for changes aimed at addressing the longstanding underperformance in its shares and deficiencies in its governance and capital allocation policies.

News for Air Products and Chemicals Stock (APD)