Sales and Revenue - Air Products' industrial gases sales constituted over 90% of consolidated sales in fiscal years 2024, 2023, and 2022, with approximately half attributable to atmospheric gases[17]. - Approximately 50% of total company sales are generated from on-site gas supply contracts, which typically span 15 to 20 years[20]. - The sale of equipment supply mode constituted less than 10% of consolidated sales in fiscal years 2024, 2023, and 2022[24]. - No single customer accounts for more than 10% of consolidated sales, indicating a diversified customer base[25]. - Approximately 60% of the company's sales in fiscal year 2024 were derived from customers outside the United States[50]. - Total consolidated sales decreased by 4% to $12.1 billion, primarily due to a 5% lower energy cost pass-through driven by lower natural gas prices[112]. - Sales for fiscal year 2024 were $12.1 billion, a decrease of 4% or $499.4 million, primarily due to a 5% lower energy cost pass-through, partially offset by a 1% increase in pricing[100]. Financial Performance - Operating income increased by 79% to $4.5 billion, primarily due to a $1.6 billion gain from the sale of the LNG business, with an operating margin of 36.9%, up 1,710 basis points from the previous year[101]. - Net income rose by 65% to $3.9 billion, with a net income margin of 31.9%, an increase of 1,330 basis points from the prior year, largely due to the after-tax gain from the LNG business sale[102]. - Adjusted EBITDA for fiscal year 2024 was $5.0 billion, a 7% increase, with an adjusted EBITDA margin of 41.7%, up 440 basis points from the previous year[103]. - The company returned approximately $1.6 billion to shareholders through dividend payments during fiscal year 2024[99]. - The effective tax rate increased to 19.6% from 19.1%, influenced by the recognition of the gain from the LNG business sale[126]. - The company reported a net income increase driven by strong operational performance and strategic adjustments, including a gain on the sale of business amounting to $1,575.6 million[146]. Investments and Projects - The company is investing in projects to create a reliable source of low-carbon hydrogen (blue hydrogen) and carbon-free hydrogen (green hydrogen) to support the transition to low- and zero-carbon energy[19]. - A significant portion of the company's business involves clean hydrogen, carbon capture, and gasification projects, which require investments of billions of dollars and face complex regulatory and operational risks[51]. - The NEOM Green Hydrogen Project is on schedule to come onstream at the end of 2026, with first product delivery expected in early 2027[108]. - The NEOM Green Hydrogen Project secured non-recourse project financing of approximately $6.1 billion, expected to fund about 73% of the project[172]. - The company issued $2.5 billion of green senior notes to fund environmentally beneficial projects under its Green Finance Framework[99]. Workforce and Diversity - As of September 30, 2024, the company had approximately 23,000 employees, with over 95% working full-time and about 75% located outside the United States[36]. - The company aims to achieve at least 28% female representation and at least 30% minority representation in professional and managerial roles in the U.S. by 2025[38]. - The company has collective bargaining agreements covering under 20% of its total workforce, with agreements expiring over the next four years[36]. - The total headcount of the company increased from approximately 16,300 at the end of fiscal 2018 to approximately 23,000 at the end of fiscal 2024, indicating significant growth in workforce[63]. Sustainability and Environmental Impact - The company is committed to sustainability, focusing on low- and zero-carbon hydrogen projects to address energy and environmental challenges[34]. - The company emphasizes a safety goal of zero accidents and incidents, supported by a global Environment, Health and Safety policy[37]. - The company’s sustainability strategy is detailed in its latest Sustainability Report, which outlines employee roles in achieving sustainability goals[34]. - The company does not expect material expenditures for capital projects related to pollution control in fiscal year 2025[33]. - The company continues to develop technologies for energy efficiency and emission reduction, particularly in hydrogen production and carbon capture[33]. - Legislative and regulatory efforts to address global climate change may impose additional costs on the company, particularly related to GHG emissions reporting and compliance[60]. Risks and Challenges - The company has experienced past difficulties related to project development, which may result in delays, scope changes, and additional costs, potentially impacting financial results[53]. - The company’s growth strategies depend on its ability to penetrate international markets and manage large-scale projects, which may involve significant risks[50]. - The company is exposed to fluctuations in foreign currency exchange rates, which can affect reported sales, net earnings, and cash flows[50]. - The company’s operations are subject to extensive government regulations, which can negatively impact financial condition and results of operations[55]. - The company may face challenges in successfully identifying, executing, or integrating acquisitions, which could adversely impact revenue and cash flow growth[55]. - Increased public concern and governmental action regarding GHG emissions could lead to higher operational costs and reduced demand for certain products[62]. Legal and Regulatory Matters - The company is involved in various legal proceedings, including a potential fine of approximately $33 million related to alleged anticompetitive activities in Brazil[85]. - The company’s financial results may be affected by various legal and regulatory proceedings, which could lead to material liabilities and impact cash flows[65]. - The company has established policies to protect the security and privacy of sensitive information, but breaches could result in legal liabilities and reputational harm[57]. Capital Structure and Financing - Total debt increased from $10,305.8 million as of September 30, 2023, to $14,227.9 million as of September 30, 2024, largely due to the issuance of green U.S. Dollar-denominated fixed-rate notes[169]. - Cash provided by financing activities for fiscal year 2024 was $2,615.4 million, primarily from long-term debt proceeds of $4,678.3 million[168]. - The company plans to permanently reinvest the majority of its foreign cash and cash items that would be subject to additional taxes outside the U.S.[159]. Cybersecurity - The Company achieved its primary cybersecurity risk management objective in fiscal year 2024 with no material cybersecurity incidents reported[72]. - The Company has not incurred material expenses from cybersecurity incidents over the past three years[72].

Dividends are a key way these three companies pass along profits to their shareholders.Dividends can be an excellent way to generate passive income no matter what the stock market is doing. The best dividend-paying companies reward long-term investors with a blend of dividend income and capital gains. Still, there are some nuances to dividend investing worth considering.Some folks prefer steady and ultra-reliable companies like Coca-Cola (KO 0.64%) or Air Products and Chemicals (APD -0.05%). Others may grav ...

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. The Board will present its formal recommendation regarding director nominees in the Company's proxy materials to be filed with the Securities and ...

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Air Products intends to nominate Bhavesh V. "Bob" Patel and Alfred Stern for election to the Board at the Company's 2025 Annual Meeting of Shareholders. These candidates bring strong experience leading and overseeing public companies, as well as expertise operating complex global businesses in the chemicals and energy sectors. They each have stellar records growing major industrial companies internationally and capitalizing on clean energy and sustainability opportunities. David H.Y. Ho and Matthew H. Paull ...

Shares of Air Products and Chemicals (NYSE: APD ) have had a bumpy ride over the past year, with significant underperformance during the winter over fears around its capital intensity. More recently, better results and activist pressure have helped lift shares. APDOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for a ...

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 Fa ...

For the quarter ended September 2024, Air Products and Chemicals (APD) reported revenue of $3.19 billion, down 0.1% over the same period last year. EPS came in at $3.56, compared to $3.15 in the year-ago quarter.The reported revenue represents a surprise of -0.16% over the Zacks Consensus Estimate of $3.19 billion. With the consensus EPS estimate being $3.44, the EPS surprise was +3.49%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...

Air Products and Chemicals, Inc. (APD) logged fourth-quarter fiscal 2024 (ended Sept. 30, 2024) earnings from continuing operations of $8.81 per share, up from $3.08 recorded in the year-ago quarter. Barring one-time items, earnings per share were $3.56, up 13% year over year. It beat the Zacks Consensus Estimate of $3.44. The bottom line was driven by higher volumes and favorable pricing.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The industrial gases giant generated revenues of ...

Creating Shareholder Value Fourth Quarter 2024 Earnings Results Teleconference November 7, 2024 GENERATING A CLEANER FUTURE Forward-Looking Statements This presentation contains "forward-looking statements" within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements about earnings guidance, business outlook and investment opportunities. These forward-looking statements are based on management's expectations and assumptions as of the date of this presentati ...