Air Products and Chemicals (APD) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 6, 2025, might help the stock move higher if these key numbers ...

Welcomes Andrew Evans, Paul Hilal, Bob Patel, Dennis Reilley and Alfred Stern LEHIGH VALLEY, Pa., Jan. 23, 2025 /PRNewswire/ -- Air Products (NYSE: APD) today reported preliminary voting results from its 2025 Annual Meeting of Shareholders ("Annual Meeting") held on January 23, 2025. Based on preliminary results, Air Products shareholders have chosen to elect the following nominees to serve on the Company's Board of Directors: Tonit M. Calaway Lisa A. Davis Andrew Evans Jessica Trocchi Graziano Paul Hilal ...

Dividend Increase - The Board of Directors of Air Products has increased the quarterly dividend on the Company's common stock to $1.79 per share, marking the 43rd consecutive year of dividend increases [1] - The dividend is payable on May 12, 2025 to shareholders of record at the close of business on April 1, 2025 [1] Company Overview - Air Products is a world-leading industrial gases company in operation for over 80 years, focused on serving energy, environmental, and emerging markets [2] - The Company supplies essential industrial gases, related equipment, and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical, and food [2] - As the leading global supplier of hydrogen, Air Products develops, engineers, builds, owns, and operates some of the world's largest clean hydrogen projects, supporting the transition to low- and zero-carbon energy in the industrial and heavy-duty transportation sectors [2] - Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems, and cryogenic containers globally [2] Financial and Operational Highlights - Air Products had fiscal 2024 sales of $12.1 billion from operations in approximately 50 countries [3] - The Company has a current market capitalization of about $65 billion [3] - Approximately 23,000 employees from diverse backgrounds are driven by Air Products' higher purpose to create innovative solutions that benefit the environment, enhance sustainability, and address global challenges [3]

Air Products' Annual Meeting is Less Than 48 Hours Away: Vote Your Shares Online Today at the Voting Website Listed on Your BLUE Proxy Card or Voting Instruction Form Leading Proxy Advisory Firms ISS, Glass Lewis, and Egan-Jones Unanimously Recommend Replacing CEO Seifi Ghasemi and Others from the Board with Shareholder Nominees Proposed by Mantle Ridge Mantle Ridge Urges Shareholders to Vote Online "FOR" the Four Independent Shareholder Nominees – Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reille ...

The Board Expects the Following: After the Announcement of a New President No Later Than March 31st, the CEO Transition Will Be Completed Within Three Months of Joining the Company. Additionally, the Roles of Chair and CEO Will Be Separated, a New Independent Chair Appointed, and Mr. Ghasemi Will Retire from the BoardAir Products' Highly Qualified Board Is Significantly Refreshed with Outside Perspectives Our Independent Directors Are Running a Rigorous and Orderly CEO Succession Process Achieved Strong Pre ...

Air Products and Chemicals Inc. (APD) reported preliminary first-quarter fiscal 2025 earnings per share (EPS) of $2.77 and adjusted EPS of $2.86. The preliminary adjusted EPS exceeds the upper end of the company's previous guidance of $2.75 to $2.85.APD will release its full first-quarter fiscal 2025 financial results before the opening bell on Feb. 6, 2025. The industrial gas giant exceeded the Zacks Consensus Estimate for earnings in three of the last four quarters while falling short once. On average, it ...

Company to Release Full Q1FY25 Results and Host Teleconference on February 6, 2025LEHIGH VALLEY, Pa., Jan. 14, 2025 /PRNewswire/ -- Air Products (NYSE:APD) today announced preliminary fiscal 2025 first quarter GAAP earnings per share# ("EPS") of $2.77 and preliminary fiscal 2025 first quarter adjusted EPS* of $2.86. Preliminary adjusted EPS exceeds the top end of the Company's previous fiscal 2025 first quarter adjusted EPS guidance* of $2.75 to $2.85.Full interim consolidated financial statements as of and ...

Egan-Jones Finds "Many Compelling Reasons to Support Mantle Ridge's Case for Change" and States that "Voting for the Mantle Ridge Nominees is in the Best Interest of the Company and its Shareholders"  Asserts "Mismanagement and the Absence of Effective Leadership" Have "Significantly Eroded Shareholder Value" and that "Mr. Seifi Ghasemi is Not the Right Leader to Unlock the Full Potential of Air Products" Calls Out "Absence of a Clear CEO Succession Plan"  Finds "Entrenched and Unqualified CEO" Seifi Ghasem ...

Strongly Disagrees with ISS' Opinion Published Today Urges Shareholders to Vote "FOR" ONLY Air Products' Nominees on the WHITE Proxy Card LEHIGH VALLEY, Pa., Jan. 13, 2025 /PRNewswire/ -- Air Products' (NYSE: APD) Board of Directors today sent a letter to shareholders in connection with its upcoming 2025 Annual Meeting of Shareholders (the "Annual Meeting"), which will be held at 8:30 a.m. U.S. Eastern Time on January 23, 2025. All Air Products shareholders of record as of the close of business on November ...

Core Viewpoint - Institutional Shareholder Services (ISS) has recommended that Air Products shareholders vote for the election of Mantle Ridge nominees and against the current company nominees, highlighting the need for a reconstituted board to address succession planning and strategic oversight issues [1][2][3]. Group 1: Board Reconstitution and Nominees - ISS recommends shareholders vote "FOR" Mantle Ridge nominees Andrew Evans, Paul Hilal, and Dennis Reilley, and states that Tracy McKibben is well qualified to serve on the board [1][2]. - Mantle Ridge believes that a reconstituted board with its nominees would be better positioned to lead a genuine CEO succession process and create long-term value for shareholders [1][2]. - Mantle Ridge urges shareholders to vote the BLUE proxy card "FOR" all four of its nominees and "WITHHOLD" on the company nominees [1][2]. Group 2: Current Board's Performance and Issues - ISS finds that the current board has failed to properly oversee a credible succession plan and has ceded control of the CEO succession process to the current CEO, Seifi Ghasemi [1][4][5]. - The company's total shareholder return (TSR) has underperformed relative to peers since the implementation of its capital deployment strategy, raising concerns about the effectiveness of its current projects [3][5]. - The board's decision to pursue mega projects beyond its traditional business scope has led to a decline in key performance metrics and investor sentiment [5][11]. Group 3: Strategic and Operational Concerns - ISS highlights that the company's capital allocation strategy has resulted in a decline in return on capital and significant underperformance compared to peers [3][5]. - Mantle Ridge criticizes the current board's handling of strategic and operational issues, suggesting that a fresh perspective is needed to objectively evaluate the company's direction [2][11]. - The board's lack of transparency regarding project progress and challenges has contributed to investor skepticism and diminished credibility [5][11].