Form 8-K · Current Report · Filed 2024-11-07
Air Products Reports Strong Earnings and Completes LNG Divestiture
Air Products and Chemicals, Inc. reported robust fourth-quarter and full-year fiscal 2024 results, with GAAP EPS from continuing operations surging to $8.81 and $17.24 respectively, up significantly from the prior year. The company also completed the divestiture of its liquefied natural gas (LNG) business to Honeywell for approximately $1.8 billion. Adjusted EBITDA for the full year increased by 7% to $5.0 billion, driven by positive pricing and improved productivity. The company expects fiscal 2025 adjusted EPS to be in the range of $12.70 to $13.00.
- Filer
- Air Products and Chemicals Inc. APD · NYSE
- Filed
- Accession
- 0000002969-24-000050
- CIK
- 0000002969
- Signal
- Medium impactBasic Materials
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$306.73
Next session
+2.0%
Since filing
-3.9%
Latest close
$294.89
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Precedent
Previous filings from APD reporting the same item, with the next session's move:
Exhibits (1)
About Air Products and Chemicals Inc.
Air Products and Chemicals Inc. is a prominent player in the industrial gases sector, providing essential products that serve a myriad of industries worldwide. This global entity specializes in offering atmospheric gases, process, and specialty gases, equipment, and related services to a diverse range of clients, including those in energy, transportation, and technology sectors. Notably, Air Products is a leader in supplying hydrogen and helium solutions, which are critical for refining, aerospace, and electronics manufacturing. The company's liquid hydrogen production plays a significant role in advancing clean energy solutions, such as hydrogen fuel cells for vehicles. Founded in 1940 and headquartered in Allentown, Pennsylvania, Air Products maintains a significant presence in over 50 countries. Its commitment to sustainability and innovation makes it a vital contributor to the global shift towards greener industrial processes and cleaner energy solutions. By maintaining a robust infrastructure of production and distribution, Air Products ensures the secure and efficient delivery of vital industrial gases, underscoring its critical role in numerous sectors that depend on reliable and sustainable supply chains.
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