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Air Products to Exit Three U.S.-Based Projects
APDAir Products and Chemicals(APD) Prnewswire·2025-02-24 21:15

Company Will Write Down Assets and Expects to Record a Pre-Tax Charge Not to Exceed 3.1BillioninItsFiscalSecondQuarterLEHIGHVALLEY,Pa.,Feb.24,2025/PRNewswire/−−AspartofareviewinitiatedbyAirProducts′(NYSE:APD)newly−electedBoardofDirectorsandChiefExecutiveOfficer,theCompanytodayannounceditsdecisiontoexitthreeprojectsintheU.S.Asaresult,AirProductsexpectstorecordapre−taxchargenottoexceed3.1 Billion in Its Fiscal Second QuarterLEHIGH VALLEY, Pa., Feb. 24, 2025 /PRNewswire/ -- As part of a review initiated by Air Products' (NYSE: APD) newly-elected Board of Directors and Chief Executive Officer, the Company today announced its decision to exit three projects in the U.S. As a result, Air Products expects to record a pre-tax charge not to exceed 3.1 billion in its fiscal 2025 second quarter, primarily to writ ...