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Air Products and Chemicals(APD) - 2025 Q1 - Earnings Call Presentation
2025-02-06 15:18
Creating Shareholder Value Eduardo F. Menezes CEO of Air Products • Three-and-a-half decades of leadership experience in industrial gases • Joining the Air Products Board First Quarter 2025 Earnings Results Teleconference February 6, 2025 Air Products Leadership • 35 years senior management experience in chemicals industries, including extensive industrial gases leadership and operational experience Wayne T. Smith Chairman of the Board • CEO effective February 7, 2025 • Air Products Director since 2021 Forw ...
Air Products and Chemicals (APD) Q1 Earnings Match Estimates
ZACKS· 2025-02-06 13:11
Air Products and Chemicals (APD) came out with quarterly earnings of $2.86 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $2.82 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this seller of gases for industrial, medical and other uses would post earnings of $3.44 per share when it actually produced earnings of $3.56, delivering a surprise of 3.49%.Over the last four quarters, the company has surpassed consensus ...
Air Products and Chemicals(APD) - 2025 Q1 - Quarterly Results
2025-02-06 12:28
Financial Performance - Preliminary Q1 FY25 GAAP EPS is $2.77, and adjusted EPS is $2.86, exceeding the previous guidance of $2.75 to $2.85[1] - The preliminary adjusted EPS reflects a $0.04 increase (1%) compared to Q1 FY24 adjusted EPS of $2.82[20] - Fiscal 2024 sales were reported at $12.1 billion, with operations in approximately 50 countries[8] - The current market capitalization of the company is about $65 billion[8] Costs and Gains - The company incurred costs of $29.9 million ($0.10 per share) related to shareholder activism during Q1 FY25[15] - An unrealized gain of $38.8 million ($0.05 per share) was recognized due to the de-designation of cash flow hedges in Q1 FY25[16] Future Outlook - The company plans to release full Q1 FY25 financial results on February 6, 2025[3] - Forward-looking statements indicate potential risks including economic conditions, supply chain disruptions, and project delays[9] Sustainability Initiatives - Approximately 23,000 employees are committed to creating innovative solutions for environmental sustainability[8] - The company is a leading global supplier of hydrogen and is involved in large-scale clean hydrogen projects[7]
Air Products Reports Fiscal 2025 First Quarter GAAP EPS of $2.77 and Adjusted EPS of $2.86
Prnewswire· 2025-02-06 11:00
Q1 FY25 (comparisons versus prior year): GAAP EPS# of $2.77, up one percent; GAAP net income of $650 million, up five percent; and GAAP net income margin of 22.2 percent, up 150 basis points Adjusted EPS* of $2.86, up one percent; adjusted EBITDA* of $1.2 billion, up one percent; and adjusted EBITDA margin* of 40.6 percent, up 140 basis points Fiscal 2025 and Recent Highlights Increased quarterly dividend on the Company's common stock to $1.79 per share, marking the 43rd consecutive year of dividend incr ...
Air Products' Board of Directors Appoints Eduardo F. Menezes CEO
Prnewswire· 2025-02-04 14:00
Core Viewpoint - Air Products announces the appointment of Eduardo F. Menezes as the new CEO, succeeding Seifi Ghasemi, who has served the company for over 10 years [1][5][3] Leadership Changes - Wayne T. Smith has been named Chairman of the Board, and Dennis H. Reilley has been appointed Vice Chairman [2] - The new leadership team will collaborate closely with Mr. Menezes to advance the company's objectives [2] New CEO Profile - Eduardo Menezes brings over 35 years of experience in the industrial gases sector, having held senior roles at Linde plc and Praxair [3] - His previous role as EVP at Linde plc involved overseeing operations in more than 40 countries, generating over $8 billion in sales [3] - Menezes holds an M.B.A. and a degree in chemical engineering, equipping him with the necessary expertise for his new role [4] Contributions of Seifi Ghasemi - Seifi Ghasemi has been recognized for his leadership and contributions to Air Products over the past decade, focusing on profitability and growth [5] - Under his leadership, the company achieved significant advancements and success, attributed to the efforts of its dedicated employees [5] Company Overview - Air Products is a leading industrial gases company with over 80 years of operation, focusing on energy, environmental, and emerging markets [10] - The company reported fiscal 2024 sales of $12.1 billion and operates in approximately 50 countries, with a market capitalization exceeding $65 billion [11]
Air Products and Chemicals (APD) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
ZACKS· 2025-02-03 15:21
Analysts on Wall Street project that Air Products and Chemicals (APD) will announce quarterly earnings of $2.86 per share in its forthcoming report, representing an increase of 1.4% year over year. Revenues are projected to reach $3.01 billion, increasing 0.3% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their in ...
Air Products and Chemicals (APD) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2025-01-30 16:07
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 ...
Air Products Reports Preliminary Voting Results from 2025 Annual Meeting of Shareholders
Prnewswire· 2025-01-23 17:00
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 ...
Air Products Increases Quarterly Dividend to $1.79 Per Share
Prnewswire· 2025-01-22 19:30
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]
LAST CHANCE TO VOTE: MANTLE RIDGE ASKS AIR PRODUCTS AND CHEMICALS, INC. SHAREHOLDERS TO CAST THEIR VOTE FOR CHANGE AND A BETTER FUTURE
Prnewswire· 2025-01-21 12:00
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 ...