Air Products and Chemicals, Inc. (APD)

In the past six months, Air Products & Chemicals, Inc. (APD) stock has been impacted by several key events. On May 1, 2025, the company reported its fiscal second-quarter 2025 results, with adjusted earnings per share (EPS) of $2.69, missing forecasts, and revenue of $2.92 billion, slightly below expectations, leading to a 4.83% drop in the stock price in premarket trading. During this earnings presentation, Air Products announced a significant strategic shift, returning its focus to its core industrial gas business, involving a substantial after-tax charge of $2.3 billion and a reduction of 2,400 employees. Other notable events include the declaration of a quarterly dividend on May 22, 2025, CEO Eduardo Menezes speaking at Deutsche Bank's 16th Annual Global Industrials & Materials Conference on May 28, 2025, and showcasing industrial gas solutions at the PowderMet2025 International Conference on June 13, 2025. In June 2025, Air Products announced its intention to issue EUR 500 million in senior unsecured bonds. As of late April 2025, the stock was priced below both its 50-day and 200-day moving averages, with a 52-week range from $236.34 to $338.07.

Air Products & Chemicals, Inc.'s businesses are generally not subject to seasonal fluctuations to any material extent. Some past earnings reports have noted specific regional or product-line seasonal impacts, such as a "seasonal Lunar New Year slowdown" affecting volume in Asia and fiscal Q4 typically being seasonally strong. Volume in Q1 2021 was also noted to be weaker primarily due to seasonality. Overall, demand is influenced by general economic conditions in the countries and markets where it operates.

Air Products & Chemicals, Inc. (APD) is a global leader in the industrial gases sector, specializing in the production and distribution of essential atmospheric and process gases, as well as related equipment and services. Headquartered in Allentown, Pennsylvania, the company operates within the Basic Materials sector, specifically the Specialty Chemicals industry. APD's diverse portfolio includes atmospheric gases, process gases, semiconductor materials, refinery hydrogen, natural gas liquefaction technology and equipment, coatings, and adhesives. The company serves a wide array of industries, including refining, chemicals, metals, electronics, manufacturing, medical, and food and beverage. They are also a leading global supplier of hydrogen and are involved in large-scale clean hydrogen projects.

Air Products & Chemicals, Inc. has a vast global footprint, operating in approximately 50 countries across the Americas, Asia, Europe, the Middle East, and India. The company maintains over 200 production facilities worldwide. Their operations are segmented into Industrial Gases-Americas, Industrial Gases-Europe, Middle East, and Africa (EMEA), Industrial Gases-Asia, Industrial Gases-Global, and Corporate and other.

Air Products & Chemicals, Inc. has maintained a strong brand reputation, receiving recognition for diversity, sustainability, and corporate responsibility. Newsweek recognized Air Products as one of America's Greatest Workplaces for Diversity in 2024, and Time magazine included them on the World's Best Companies 2024 list. The company has been consistently recognized for its sustainability efforts, earning a spot on Barron's 100 Most Sustainable Companies List for the seventh consecutive year and inclusion in the 2024 S&P Global Sustainability Yearbook for the 12th time overall. MSCI awarded Air Products an 'A' rating for its ESG performance, highlighting improvements in carbon management and its net-zero carbon emissions goal by 2050. Forbes recognized Air Products as one of America's Best Employers for Diversity and Women in 2023. The Human Rights Campaign Foundation gave the company a score of 95 out of 100 on its 2023-2024 Corporate Equality Index. In China, university students voted Air Products as one of the Top 100 Most Attractive Employers for 2023.

Air Products & Chemicals, Inc. (APD) has significant institutional ownership. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Capital Research Global Investors, State Farm Mutual Automobile Insurance Co., and State Street Corp. Other notable institutional holders include Dodge & Cox, Capital International Investors, and Jpmorgan Chase & Co. Institutional investors collectively hold a substantial portion of the company's stock, with figures ranging from approximately 63.22% to 93.90% across various reports. Individual investors and public companies also hold a portion of the stock.