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Air Products and Chemicals, Inc
Type
Public
Traded as
  • NYSE: APD
  • S&P 500 Component
Industry Industrial gas, Chemicals
Founded Detroit, Michigan (1940; 77 years ago (1940))
Founder Leonard P. Pool
Headquarters 7201 Hamilton Blvd., Allentown, Pennsylvania, U.S.A.
Area served
Worldwide
Key people
Seifi Ghasemi (CEO),
(Chairman) & (President)
Revenue
  • Decrease US$ 9,895 million (2015)
  • Increase US$ 10,439 million (2014)
Operating income
  • Increase US$ 1,884 million (2015)
  • Increase US$ 1,657 million (2014)
Net income
  • Increase US$ 1,427 million (2015)
  • Increase US$ 1,243 million (2014)
Total assets
  • Decrease US$ 17,438 million (2015)
  • Decrease US$ 17,779 million (2014)
Total equity
  • Decrease US$ 7,249 million (2015)
  • Increase US$ 7,521 million (2014)
Number of employees
19,700 (Sept 2015)
Website airproducts.com

Air Products and Chemicals, Inc. is an American international corporation whose principal business is selling gases and chemicals for industrial uses. Air Products' headquarters is in Allentown, Pennsylvania, in the Lehigh Valley region of Pennsylvania, in the United States. Air Products is the Lehigh Valley's third largest employer, after Lehigh Valley Hospital and St. Luke's Hospital. Leonard P. Pool founded the company in 1940. Its French subsidiary, headquartered in Saint-Quentin-Fallavier, was the site of a terrorist attack on June 26, 2015.

On September 17, 2015 Air Products announced its intent to spin off its Materials Technologies business. This new stand alone company has been renamed Versum Materials.

Air Products serves customers in technology, energy, healthcare, food and industrial markets worldwide with atmospheric industrial gases (mainly oxygen, nitrogen, argon, hydrogen and carbon dioxide), process and specialty gases, performance materials and chemical intermediates.

Air Products produces semiconductor materials, refinery hydrogen, natural gas liquefaction (LNG) technology and equipment, epoxy additives, gas cabinets, advanced coatings and adhesives. It is also noted as addressing the hydrogen fuel cell economy through hydrogen fueling stations as well as its personal care chemicals business.

Air Products also provided the liquid hydrogen and liquid oxygen fuel for the Space Shuttle External Tank. Air Products has had a working relationship with NASA for 50 years and has supplied the liquid hydrogen used for every Space Shuttle launch and the Mercury and Apollo missions.

In 2013, Air Products' high purity BIP (built-in purifier) argon was used to determine a more accurate value for the Boltzmann Constant.

In 2010, Air Products was awarded the Rushlight Hydrogen and Fuel Cells industry award for the Series 10 hydrogen fuelling station. The Rushlight Awards celebrate the leading environmental technologies and innovations by organizations throughout the UK and Ireland. The purpose is to promote what is happening in the world of hydrogen and fuel cells to the public and enable further development and funding to be granted toward reducing carbon emissions.

On January 15, 2004, Air Products (NYSE: APD) was named a Maplecroft Climate Innovation Indexes (CIIs) Leader, ranking 17th out of the 300 largest U.S. companies evaluated for their climate-related innovation and carbon management programs. Air Products is currently working on several preeminent carbon capture and storage demonstration projects around the world.

Air Products was included on the Dow Jones Sustainability North America Index as one of the best performing sustainable companies for 2008/11. Only the top 94 percent of the 987 largest North American companies are ultimately selected for the DJSI North America Index.

In 2001, Air Products Received an Award of Merit from the WateReuse Association for Outstanding Water Conservation Efforts for conserving 62 million US gallons (230,000 m) of drinking water annually by converting to recycled water for the cooling process at the Santa Clara, California, manufacturing facility. The award was presented during the 25th Annual WateReuse Symposium. WRA recognizes projects that have advanced the acceptance of water reuse through education, sound science, and technology using reclamation, recycling, reuse, or desalination for the benefit of the public and the environment.

On March 4, 2010, Corporate Responsibility Magazine named Air Products to its 100 Best Corporate Citizens List.

News

Air Products and Chemicals, Inc. 0.02% (basic materials)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2021 2021-01-22 Future report Set alerts
Q4 2020 2020-11-05 Future report Set alerts
Q3 2020 2020-07-23 2.01 2.01
Q2 2020 2020-04-23 2.04 2.21
Q1 2020 2020-01-24 2.14 2.14
Q4 2019 2019-11-07 2.27 2.27
Q3 2019 2019-07-25 2.17 2.20
Q2 2019 2019-04-24 1.92 1.90
Q1 2019 2019-01-25 1.86 1.57
Q4 2018 2018-11-06 2.00 2.05

Ratings

2016-07-11 Upgrade Seaport Global Securities Accumulate to Buy $165.00
2016-06-16 Reiterated Rating Morgan Stanley Hold
2016-05-12 Reiterated Rating Argus Hold
2016-05-02 Boost Price Target Barclays Equal Weight $147.00 to $162.00
2016-05-02 Boost Price Target Barclays PLC Equal Weight $147.00 to $162.00
2016-04-29 Reiterated Rating Credit Suisse Buy $161.00
2016-04-29 Reiterated Rating Credit Suisse Group AG Buy $161.00
2016-04-18 Boost Price Target Citigroup Inc. Neutral $139.00 to $155.00
2016-04-04 Downgrade Deutsche Bank Buy to Hold $152.00 to $150.00
2016-04-04 Downgrade Deutsche Bank AG Buy to Hold $152.00 to $150.00
2016-03-24 Initiated Coverage Credit Suisse Outperform $145.00 to $161.00
2016-02-22 Boost Price Target Susquehanna Neutral $130.00 to $145.00
2016-02-04 Lower Price Target JPMorgan Chase & Co. $139.00 to $132.00
2016-02-01 Lower Price Target Deutsche Bank Buy $160.00 to $150.00
2016-01-22 Initiated Coverage Bank of America Underperform to Neutral $125.00
2016-01-22 Initiated Coverage Bank of America Corp. Underperform to Neutral $125.00
2016-01-13 Lower Price Target Seaport Global Securities $160.00 to $150.00
2016-01-11 Upgrade KeyBanc Sector Weight to Overweight $148.00
2016-01-11 Upgrade KeyCorp Sector Weight to Overweight $148.00
2016-01-05 Downgrade Citigroup Inc. Buy to Neutral
2015-10-30 Reiterated Rating Deutsche Bank Buy $160.00 to $165.00
2015-10-30 Boost Price Target Robert W. Baird $160.00 to $164.00
2015-10-08 Upgrade Goldman Sachs Neutral to Buy $150.00 to $154.00
2015-10-08 Upgrade Goldman Sachs Group Inc. Neutral to Buy $150.00 to $154.00
2015-10-07 Lower Price Target Susquehanna Neutral $150.00 to $148.00
2015-09-23 Reiterated Rating Jefferies Group Hold $142.00
2015-09-17 Reiterated Rating William Blair Hold
2015-09-17 Reiterated Rating Deutsche Bank Positive $165.00
2015-08-04 Upgrade Global Hunter Securities Neutral to Accumulate $152.00 to $165.00
2015-08-04 Upgrade Seaport Global Securities Neutral to Accumulate $152.00 to $165.00
2015-07-31 Reiterated Rating Deutsche Bank Buy $170.00 to $165.00
2015-06-04 Initiated Coverage Global Hunter Securities Neutral $155.00
2015-06-04 Initiated Coverage Seaport Global Securities Neutral $155.00
2015-05-20 Reiterated Rating Societe Generale Hold $132.00 to $150.00
2015-05-09 Reiterated Rating Robert W. Baird Outperform $163.00 to $159.00
2015-04-21 Reiterated Rating Deutsche Bank Buy $175.00
2015-04-14 Reiterated Rating SunTrust Buy $160.00 to $175.00
2015-04-14 Reiterated Rating SunTrust Banks Inc. Buy $160.00 to $175.00
2015-04-01 Boost Price Target Deutsche Bank $168.00 to $175.00
2015-01-30 Boost Price Target Deutsche Bank Buy $153.00 to $168.00
2014-12-01 Boost Price Target Jefferies Group Hold $134.00 to $160.00
2014-10-31 Reiterated Rating Citigroup Inc. Buy $147.00 to $154.00
2014-10-31 Reiterated Rating Deutsche Bank Buy $153.00 to $150.00
2014-10-31 Reiterated Rating Credit Suisse Outperform $150.00 to $159.00
2014-10-31 Downgrade William Blair Outperform to Market Perform
2014-10-16 Upgrade Credit Suisse Neutral to Outperform $150.00
2014-10-06 Reiterated Rating Citigroup Inc. Buy $154.00 to $147.00
2014-07-24 Reiterated Rating Deutsche Bank Buy $145.00 to $150.00
2014-07-24 Reiterated Rating JPMorgan Chase & Co. Neutral $107.00 to $126.00
2014-06-27 Downgrade Barclays Overweight to Equal Weight $125.00 to $135.00
2014-06-19 Boost Price Target Credit Suisse Neutral $118.00 to $140.00
2014-06-19 Boost Price Target Deutsche Bank $145.00
2014-05-20 Downgrade BGC Financial Buy to Hold $122.00
2014-04-28 Downgrade Atlantic Securities Neutral to Underweight $125.00 to $110.00
2014-04-25 Boost Price Target Susquehanna $98.00 to $125.00
2014-04-24 Reiterated Rating Deutsche Bank Buy $121.00 to $134.00
2014-04-24 Boost Price Target Robert W. Baird $126.00 to $128.00
2014-03-14 Boost Price Target Jefferies Group Hold $104.00 to $125.00
2014-02-27 Upgrade Citigroup Inc. Neutral to Buy $119.00 to $133.00
2014-02-06 Lower Price Target Susquehanna $100.00 to $98.00
2014-01-29 Downgrade Atlantic Securities Overweight to Neutral $125.00 to $105.00
2013-10-30 Lower Price Target Robert W. Baird Outperform $130.00 to $126.00
2013-10-30 Boost Price Target Raymond James Outperform $105.00 to $115.00
2013-10-11 Upgrade BGC Financial Hold to Buy $94.00 to $122.00
2013-09-24 Initiated UBS Neutral $110
2013-09-19 Upgrade Atlantic Securities Neutral to Overweight
2013-07-24 Downgrade Monness Crespi & Hardt Buy to Neutral $97 to $103
2012-10-24 Downgrade KeyBanc Capital Mkts Buy to Hold
2012-06-08 Downgrade Robert W. Baird Outperform to Neutral $95
2012-05-01 Downgrade Argus Buy to Hold
2011-10-24 Reiterated Ticonderoga Buy $110 to $100
2011-02-18 Upgrade Deutsche Bank Hold to Buy $92 to $110
2010-10-22 Reiterated Deutsche Bank Hold $80 to $90
2010-04-26 Upgrade Argus Hold to Buy $94
2010-02-09 Downgrade Citigroup Buy to Hold
2009-12-04 Initiated William Blair Outperform
2016-07-11 Upgrade Seaport Global Securities Accumulate to Buy $165.00
2016-06-16 Reiterated Rating Morgan Stanley Hold
2016-05-12 Reiterated Rating Argus Hold
2016-05-02 Boost Price Target Barclays Equal Weight $147.00 to $162.00
2016-05-02 Boost Price Target Barclays PLC Equal Weight $147.00 to $162.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Ghasemi Seifi 0.18%  (388652) APD / ENS / ROC / VSM /
MCGLADE JOHN E Chairman, President and CEO 0.07%  (159366) APD / BG / GT /
Crocco Michael S V.P. and Controller 0.02%  (43182) APD /
Painter Corning F. Senior V.P. 0.02%  (36113) APD /
Jones Stephen J Sr. V.P. 0.01%  (31541) APD / CVA /
Stanley John D. SR VP and General Counsel 0.01%  (18882) APD /
NOVO GUILLERMO Senior V.P. 0.01%  (12805) APD / BMS / VSM /
Grant Jennifer VP 0.01%  (10818) APD /

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