Saudi chemical maker Sabic said it's evaluating a share sale of its industrial gases unit as the company focuses on its core business and undergoes a restructuring https://t.co/gGwg9orFaK ...

LEHIGH VALLEY, Pa., June 30, 2025 /PRNewswire/ -- Air Products (NYSE:APD) will hold a conference call to discuss its fiscal 2025 third quarter financial results on Thursday, July 31, 2025 at 8:00 a.m. ET. The teleconference will be open to the public and the media in listen-only mode by telephone and Internet broadcast.APD Q3FY25 live teleconference: 720-543-0220Passcode: 3763258Internet broadcast/slides: Available on the Event Details page on Air Products' Investor Relations website.Internet replay: Availa ...

LEHIGH VALLEY, Pa., June 13, 2025 /PRNewswire/ -- Air Products (NYSE:APD) will showcase industrial gas solutions and technologies for metals and materials processing applications at the PowderMet2025 International Conference on Powder Metallurgy and Particulate Materials from June 15-18 at the Sheraton Phoenix Downtown in Phoenix, Arizona.Those attending are invited to stop by Air Products' booth #412 to speak with an industry specialist and learn how Air Products' industrial gases, technologies, and supply ...

Core Insights - Linde (NASDAQ: LIN) is a global leader in the industrial gases sector, showcasing resilience amid challenging macroeconomic conditions such as tariffs and inflation [1]. Company Performance - The company has demonstrated strength against current macroeconomic trends that have negatively impacted many other firms [1]. Investment Strategy - The focus is on identifying sustainable growth stocks across various sectors, emphasizing valuation, management quality, and macroeconomic trends [1].

Linde (LIN) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Speaker0 Ladies and gentlemen, good day and thank you for standing by. Welcome to the Linde First Quarter twenty twenty five Earnings Call and Webcast. At this time, all participants are in a listen only mode. Please be advised that today's conference is being recorded. After the speakers' presentation, there will be a question and answer session. I would now like to hand the conference over to Mr. Juan Filaes, Head of Investor Relations. Please go ...

Linde (LIN) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Company Participants Juan Pelaez - Vice President of Investor RelationsSanjiv Lamba - CEO & Member of Board of DirectorsMatt White - EVP & CFOMichael Leithead - Director - Equity ResearchSteven Haynes - Vice President, Equity ResearchDavid Begleiter - Managing DirectorPeter Clark - Head of Global Chemicals Equity ResearchLaurent Favre - Managing DirectorMichael Sison - Managing DirectorJohn Roberts - Managing DirectorKevin McCarthy - PartnerJosh Spe ...

Financial Data and Key Metrics Changes - The second quarter adjusted earnings per share (EPS) was $2.69, below previous guidance of $2.75 to $2.85, primarily due to changes in cost estimates and lower helium contributions [20][24] - Sales volume decreased by 3%, with 2% attributed to the LNG business divestment, while total company price increased by 1% [20][21] - Adjusted operating income decreased by 9%, mainly due to LNG divestiture and unfavorable helium impact, with operating margin down by 210 basis points [21][22] Business Line Data and Key Metrics Changes - The core industrial gas business generated approximately $12 billion in sales with an operating margin of 24% [6] - The LNG business divestiture accounted for a $0.12 headwind on EPS, while helium volume was down, offset by favorable on-site volumes [22][23] - The company anticipates base business growth of 2% to 5% for the fiscal year despite a 5% headwind in helium [24] Market Data and Key Metrics Changes - The company has become the leading supplier of hydrogen and high purity gases for the electronics industry, with significant pipeline networks in the U.S. Gulf Coast [4][5] - The company expects to unlock significant potential with projects in Saudi Arabia and Louisiana, aiming for a 30% adjusted operating margin by 2030 [17][18] Company Strategy and Development Direction - The company plans to refocus on its core industrial gas business and invest approximately $1.5 billion per year in industrial gas projects [10][11] - The strategy includes canceling underperforming projects and prioritizing high-return opportunities with contracted take-or-pay agreements [12][14] - The company aims to maximize profitability through operational excellence and rightsizing the organization [15][17] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding green hydrogen projects in Saudi Arabia and Louisiana, focusing on derisking strategies [11][12] - The company anticipates high single-digit adjusted EPS growth and improved operating margins in the coming years, despite challenges from underperforming projects [17][18] - Management emphasized the importance of transparent communication with investors and a disciplined approach to capital allocation [18] Other Important Information - The company has identified approximately 2,400 positions for reduction, aiming for a run rate of around $100 million in savings from FY 2025 actions [50][51] - The total cost for the net zero hydrogen project in Edmonton is now expected to be $3.3 billion, with a projected on-stream date between late 2027 and early 2028 [14] Q&A Session Summary Question: What is the EBITDA contribution from underperforming projects? - Management expects to recover capital on an undiscounted basis, indicating a challenging situation with significant increases in capital costs [28][29] Question: What is the status of the Alberta project? - The Alberta project has faced delays and cost overruns due to construction challenges and contractor productivity issues [29][31] Question: What is the rationale for pursuing ammonia in Louisiana? - The company is considering focusing solely on hydrogen, aiming to reduce total CapEx while securing firm offtake agreements [40][41] Question: What is the expected contribution from helium? - Helium remains a volatile earnings contributor, with expectations of continued headwinds in pricing through 2026 and 2027 [78][80] Question: What are the cash flow expectations for 2026? - The company anticipates being cash flow positive, including dividends, with a focus on managing capital expenditures effectively [74][86]

May 1, 2025 Forward-Looking Statement Linde plc Investor Teleconference Presentation First Quarter 2025 This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by terms and phrases such as: anticipate, believe, intend, estimate, expect, continue, should, could, may, plan, project, predict, will, potential, forecast, and similar expressions. They are based on management's reasonable expecta ...

Fiscal Second Quarter 2025 Earnings Results Teleconference May 1, 2025 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 presentation and are not guarantees of future performance. Whil ...

Core Insights - Air Products reported a significant net loss of $1.7 billion for Q2 FY25, compared to a net income of $581 million in the same quarter of the previous year, primarily due to a $2.3 billion after-tax charge related to strategic business and asset actions [4][8][28] - The adjusted earnings per share (EPS) for Q2 FY25 was $2.69, a decrease of 6% from the prior year, driven by lower volumes and higher costs, partially offset by favorable pricing [5][9] - The company announced the exit from three U.S. projects and revised its full-year adjusted EPS guidance to a range of $11.85 to $12.15 [8][9] Financial Performance - Q2 FY25 GAAP results included a loss per share of $7.77, compared to earnings per share of $2.57 in Q2 FY24 [4][8] - Adjusted EBITDA for the quarter was $1.2 billion, down 3% year-over-year [5][9] - Total sales for Q2 FY25 were $2.9 billion, flat compared to the previous year, with a 4% increase in energy cost pass-through and a 1% increase in pricing offset by a 3% decline in volumes [6][9] Business Segment Analysis - Sales in the Americas increased by 3% to $1.3 billion, while sales in Asia decreased by 1% to $774 million, and sales in Europe increased by 9% to $727 million [12][19] - Operating income in the Americas was $366 million, down 2%, while operating income in Asia decreased by 6% to $191 million, and Europe saw a 3% decrease in operating income to $196 million [12][19] Strategic Actions - The company initiated a global cost reduction plan in June 2023, incurring costs of $66.1 million in Q2 FY25 related to severance and other post-employment benefits [32] - Air Products appointed Eduardo F. Menezes as the new CEO and increased its quarterly dividend to $1.79 per share, marking the 43rd consecutive year of dividend increases [8][9] Outlook - The company expects capital expenditures of approximately $5 billion for the full fiscal year 2025 [9][10] - For Q3 FY25, Air Products' adjusted EPS guidance is projected to be between $2.90 and $3.00 [9][10]