Air Products beat profit estimates with $3.47 adjusted EPS and raised full-year guidance, but took a $2.9 billion charge to kill several clean energy projects and pivot back to core industrial gas operations. CEO Eduardo Menezes flagged a clear pathway to lower capital spending and drive growth through traditional projects instead.
Air Products & Chemicals :
APD
APD
Stock Data
$0.00
$0.00 (0.00%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
BASIC MATERIALS
Industry
SPECIALTY CHEMICALS
Air Products & Chemicals Inc is a global leader in supplying atmospheric, process, and specialty gases, as well as related equipment. Founded in 1940 and based in Allentown, Pennsylvania, the company serves a wide range of industries such as refining, chemical, electronics, energy, medical, food, and metals. Air Products & Chemicals is known for producing essential gases like oxygen, nitrogen, argon, hydrogen, and helium. Additionally, it specializes in developing technology for air separation, hydrocarbon recovery, natural gas liquefaction, and the transport and storage of liquid helium and hydrogen.
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