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Last $145.75 USD
Change Today +3.24 / 2.27%
Volume 1.3M
APD On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 12:04 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

air products & chemicals inc (APD) Snapshot

Open
$142.18
Previous Close
$142.51
Day High
$146.13
Day Low
$141.91
52 Week High
03/2/15 - $158.20
52 Week Low
10/14/14 - $118.20
Market Cap
31.3B
Average Volume 10 Days
1.8M
EPS TTM
$6.34
Shares Outstanding
215.0M
EX-Date
06/29/15
P/E TM
22.9x
Dividend
$3.24
Dividend Yield
2.17%
Current Stock Chart for AIR PRODUCTS & CHEMICALS INC (APD)

air products & chemicals inc (APD) Related Businessweek News

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air products & chemicals inc (APD) Details

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. The company operates in Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy segments. The Merchant Gases segment sells atmospheric gases, such as oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, and carbon dioxide; specialty gases; temporary gas supply services; and equipment for the metals, glass, electronics, chemical processing, food processing, healthcare, general manufacturing, and petroleum and natural gas industries. The Tonnage Gases segment offers hydrogen, carbon monoxide, nitrogen, oxygen, and syngas to the energy production and refining, chemical, and metallurgical industries. The Electronics and Performance Materials segment provides nitrogen trifluoride, arsine, phosphine, white ammonia, silicon tetrafluoride, carbon tetrafluoride, hexafluoroethane, tungsten hexafluoride, and critical etch gases; and tonnage gases, chemicals mechanical planarization slurries, specialty chemicals, services, and equipment for the manufacture of silicon and compound semiconductors and thin film transistor liquid crystal displays. This segment offers performance materials for a range of products, including coatings, inks, adhesives, civil engineering, personal care, institutional and industrial cleaning, mining, oil refining, and polyurethanes. The Equipment and Energy segment designs, manufactures, and sells cryogenic equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and helium distribution to the petrochemical manufacturing, oil and gas recovery and processing, and steel and primary metals processing industries. This segment also provides plant design, engineering, procurement, and construction management services. Air Products and Chemicals, Inc. was founded in 1940 and is headquartered in Allentown, Pennsylvania.

20,900 Employees
Last Reported Date: 11/24/14
Founded in 1940

air products & chemicals inc (APD) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $295.4K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $529.0K
Executive Vice President of Industrial Gases ...
Total Annual Compensation: $491.5K
Chief Administrative Officer, Chief Complianc...
Total Annual Compensation: $565.6K
Compensation as of Fiscal Year 2014.

air products & chemicals inc (APD) Key Developments

Air Products Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2015; Provides Earnings Guidance for the Fourth Quarter of 2015; Revises Earnings Guidance for the Full Fiscal Year 2015

Air Products reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2015. For the quarter, the company reported sales of $2,470.2 million against $2,634.6 million a year ago, as underlying sales growth of 4% was offset by unfavorable currency and lower energy pass-through. Operating income was $422.5 million against $413.8 million a year ago. Income from continuing operations before taxes was $436.7 million against $425.6 million a year ago. Income from continuing operations was $333.2 million or $1.47 per diluted share against $323.5 million or $1.46 per diluted share a year ago. Net income attributable to the company $318.8 million or $1.47 per diluted share against $314.0 million or $1.46 per diluted share a year ago. Adjusted EBITDA was $757.7 million against $695.9 million a year ago. Non-GAAP operating income was $482.3 million, non-GAAP net income was $358.6 million or $1.65 per diluted share. Capital expenditures – non-GAAP basis was $433.2 million against $518.1 million a year ago. For the nine months, the company reported sales of $7,445.5 million against $7,762.0 million a year ago. Operating income was $1,226.9 million against $1,184.1 million a year ago. Income from continuing operations before taxes was $1,264.7 million against $1,199.7 million a year ago. Income from continuing operations was $967.6 million or $4.30 per diluted share against $911.0 million or $4.12 per diluted share a year ago. Net income attributable to the company $933.4 million or $4.30 per diluted share against $887.7 million or $4.13 per diluted share a year ago. Cash provided by operating activities was $1,657.9 million against $1,584.0 million a year ago. Additions to plant and equipment was $1,214.7 million against $1,264.9 million a year ago. Adjusted EBITDA was $2,189.5 million against $1,998.1 million a year ago. Capital expenditures – non-GAAP basis was $1,332.5 million against $1,419.9 million a year ago. The company expects fourth quarter of 2015 EPS from continuing operations to be between $1.75 and $1.85 per share. For the full fiscal year 2015, the company is raising its guidance from continuing operations to $6.50 to $6.60 per share, which at the midpoint, represents a 13% increase over fiscal 2014 and is $0.13 higher than the target the company committed to in October. The company expects capital expenditures – GAAP basis between $1,650 million to $1,700 million and capital expenditures – non-GAAP basis between $1,980 million to $2,080 million. For the full year, the company still expects tax rate to be about 24.5%.

Air Products Appoints Charles 'Casey' Cogut to Its Board of Directors

Air Products announced the addition of Charles 'Casey' Cogut, Senior M&A Counsel at the law firm Simpson Thacher & Bartlett LLP (STB), to its board of directors. Cogut joined Simpson Thacher & Bartlett LLP in 1973 and served as partner in STB from 1980-2012.

Air Products Reports Earnings Results for the Second Quarter Ended March 31, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of 2015

Air Products reported earnings results for the second quarter ended March 31, 2015. For the quarter, the company reported net income of $336 million, up 19% versus prior year, and diluted earnings per share of $1.55, up 17% versus prior year for its fiscal second quarter ended March 31, 2015. On a GAAP basis, net income and diluted EPS from continuing operations were $290 million and $1.33, respectively, for the quarter. Second quarter sales were $2,415 million decreased 6% versus prior year, as underlying sales growth of 5% was more than offset by unfavorable currency and lower energy pass-through. Volumes increased 4%, primarily in Industrial Gases-Asia and Materials Technologies, and pricing was up 1%. Sequentially, sales declined 6% on unfavorable currency and lower energy pass-through. Operating income was $442 million increased 15% versus prior year. Adjusted EBITDA was $709 million increased 10% over prior year. The company now expects capital expenditures for fiscal year 2015 of about $1.7 billion, at the low-end of its previous forecast. For the full fiscal year, the company is maintaining its guidance from continuing operations of $6.35 to $6.55 per share, which at the midpoint, represents a 12% increase over fiscal 2014. Looking ahead, the company expects third quarter of 2015 EPS from continuing operations to be between $1.55 and $1.60 per share.

 

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Industry Analysis

APD

Industry Average

Valuation APD Industry Range
Price/Earnings 29.8x
Price/Sales 3.0x
Price/Book 4.0x
Price/Cash Flow 29.5x
TEV/Sales 2.4x
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