APD Stock Recent News

Air Products and Chemicals (APD) came out with quarterly earnings of $3.20 per share, beating the Zacks Consensus Estimate of $3.04 per share. This compares to earnings of $2.98 per share a year ago.

Q3 FY24 (comparisons versus prior year): GAAP EPS# of $3.13, up 17 percent; GAAP net income of $709 million, up 16 percent; and GAAP net income margin of 23.7 percent, up 360 basis points Adjusted EPS* of $3.20, up seven percent; adjusted EBITDA* of $1.3 billion, up five percent; and adjusted EBITDA margin* of 42.4 percent, up 260 basis points Recent Highlights Clean hydrogen / energy transition Signed a 15-year agreement to supply 70,000 tons of green hydrogen annually starting in 2030, helping to decarbonize TotalEnergies' Northern European refineries and avoid approximately 700,000 tons of CO₂ each year Announced agreement to divest Air Products' liquefied natural gas (LNG) process technology and equipment business to Honeywell for $1.81 billion in an all-cash transaction; closing is expected before the end of the calendar year, subject to customary closing conditions, including receipt of certain regulatory approvals Announced plans to build networks of permanent, commercial-sca

Chemical companies are expected to have benefited from demand recovery across key end markets and moderated de-stocking activities. Let's see how APD, CE, CC and AXTA are poised ahead of their earnings releases.

While there is big potential for growth in the hydrogen economy, there is a need for deep pockets. Plug Power (NASDAQ: PLUG ) was among the hottest hydrogen stocks.

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Evaluate the expected performance of Air Products and Chemicals (APD) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Air Products and Chemicals (APD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

LEHIGH VALLEY, Pa. , July 25, 2024 /PRNewswire/ -- Today, Air Products (NYSE: APD) unveiled plans to build a network of permanent, commercial-scale hydrogen refuelling stations (HRSs), strategically located along major transportation corridors near the Trans-European Transport Network (TEN-T).

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