APD Stock Recent News

Latest Report Discusses Company's Sustainability Performance and Progress, Setting of Additional Goals, and Efforts to Accelerate the Clean Energy Transition  LEHIGH VALLEY, Pa. , Aug. 8, 2024 /PRNewswire/ -- Air Products (NYSE: APD) published today its 2024 Sustainability Report – "Generating a Cleaner Future" – detailing progress against its existing sustainability goals and announcing new ones; highlighting its clean hydrogen megaprojects around the world; and showcasing how its industrial gases and applications expertise enable customers to improve productivity and reduce environmental impact.

Investors with an interest in Chemical - Diversified stocks have likely encountered both Cabot (CBT) and Air Products and Chemicals (APD). But which of these two companies is the best option for those looking for undervalued stocks?

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Air Products and Chemicals released strong Q3 2024 results, exceeding EPS guidance and confirming a positive outlook. Recent transactions and agreements show APD's liquidation value and growth potential. A strong balance sheet with a growing DPS and a positive EPS trajectory make APD a buy.

Air Products and Chemicals, Inc.'s results beat expectations, with EPS up 7% and revenue slightly below estimates. Operational concerns arose with its COO's departure, but there were no major issues reported in the latest financial results. The company continues to execute growth projects, reducing project risk and signing new contracts, with shares potentially reaching $320 in 12 months.

Air Products is a leading supplier of industrial gases. The company beat bottom-line expectations for the third quarter.

Air Products and Chemicals, Inc. (NYSE:APD ) Q3 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Sidd Manjeshwar - Vice President, Investor Relations Seifi Ghasemi - Chairman, President and Chief Executive Officer Eric Guter - Investor Relations Melissa Schaeffer - Chief Financial Officer Conference Call Participants John McNulty - BMO Capital Markets Jeff Zekauskas - JPMorgan Vincent Andrews - Morgan Stanley David Begleiter - Deutsche Bank Chris Parkinson - Wolfe Research Duffy Fisher - Goldman Sachs Salvator Tiano - Bank of America Mike Leithead - Barclays Mike Sison - Wells Fargo John Roberts - Mizuho Josh Spector - UBS Patrick Cunningham - Citi Dan Rizzo - Jefferies Operator Good morning and welcome to Air Products Third Quarter Earnings Release Conference Call. Today's call is being recorded at the request of Air Products.

Although the revenue and EPS for Air Products and Chemicals (APD) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Air Products (APD) sees lower sales in Q3 as higher prices are more than offset by lower energy cost pass-through and unfavorable currency swings.