Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals. It also designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage. Air Products and Chemicals, Inc. has a strategic collaboration with Baker Hughes Company to develop hydrogen compression systems. The company was founded in 1940 and is headquartered in Allentown, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: airproducts.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/12/2025 | Hold → Buy | Argus | |
| 6/13/2025 | $355.00 | Outperform | RBC Capital Mkts |
| 5/29/2025 | $290.00 | Equal-Weight | Morgan Stanley |
| 4/15/2025 | $282.00 | Neutral → Underperform | BofA Securities |
| 2/7/2025 | Outperform → Market Perform | BMO Capital Markets | |
| 2/7/2025 | $345.00 → $320.00 | Overweight → Neutral | Analyst |
| 1/31/2025 | $375.00 | Mkt Perform → Outperform | Bernstein |
| 1/27/2025 | $350.00 | Buy → Neutral | BofA Securities |
| 1/24/2025 | $315.00 → $365.00 | Equal Weight → Overweight | Barclays |
| 1/14/2025 | Equal Weight → Overweight | Wells Fargo |
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Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
Argus upgraded Air Products from Hold to Buy
RBC Capital Mkts initiated coverage of Air Products with a rating of Outperform and set a new price target of $355.00
Morgan Stanley resumed coverage of Air Products with a rating of Equal-Weight and set a new price target of $290.00
BofA Securities downgraded Air Products from Neutral to Underperform and set a new price target of $282.00
BMO Capital Markets downgraded Air Products from Outperform to Market Perform
Analyst downgraded Air Products from Overweight to Neutral and set a new price target of $320.00 from $345.00 previously
Bernstein upgraded Air Products from Mkt Perform to Outperform and set a new price target of $375.00
BofA Securities downgraded Air Products from Buy to Neutral and set a new price target of $350.00
Barclays upgraded Air Products from Equal Weight to Overweight and set a new price target of $365.00 from $315.00 previously
Wells Fargo upgraded Air Products from Equal Weight to Overweight
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Company to Discuss Today's Joint Announcement with Yara International ASA Regarding Advanced Negotiations to Partner on Low-emission Ammonia Projects LEHIGH VALLEY, Pa., Dec. 8, 2025 /PRNewswire/ -- Air Products (NYSE:APD) will host an investor teleconference today, Monday, December 8, 2025, at 9:00 a.m. USET to discuss its joint announcement with Yara International ASA (OSE:YAR) issued earlier this morning. The teleconference will be open to the public and the media in listen-only mode by telephone and Internet broadcast. Air Products live teleconference: 786-297-8744 Passcode: 4083438 Internet broadcast/slides: Available on the Event Details page on Air Products' Investor Relations websit
Plans connect Air Products' low-emission ammonia projects in the U.S. and Saudi Arabia with Yara's world-scale ammonia network. Final Investment Decisions by both companies for the U.S. project (Louisiana Clean Energy Complex) are targeted by mid-2026, subject to, among other things, air permit issuance and finalization of construction contracts; and Final marketing and distribution agreement for renewable ammonia from the Saudi Arabian project (NEOM Green Hydrogen Project) is targeted for the first half of 2026. OSLO, Norway, Dec. 8, 2025 /PRNewswire/ -- World-leading hydrogen supplier and global industrial gases company Air Products (NYSE:APD) and world-leading crop nutrition and ammonia c
Plans connect Air Products' low-emission ammonia projects in the U.S. and Saudi Arabia with Yara's world-scale ammonia network Final Investment Decisions by both companies for the U.S. project (Louisiana Clean Energy Complex) are targeted by mid-2026, subject to, among other things, air permit issuance and finalization of construction contracts; andFinal marketing and distribution agreement for renewable ammonia from the Saudi Arabian project (NEOM Green Hydrogen Project) is targeted for the first half of 2026.LEHIGH VALLEY, Pa. and OSLO, Norway, Dec. 8, 2025 /PRNewswire/ -- World-leading hydrogen supplier and global industrial gases company Air Products (NYSE:APD) and world-leading crop nut
LEHIGH VALLEY, Pa., Nov. 25, 2025 /PRNewswire/ -- Air Products (NYSE:APD) today announced that Lisa A. Davis has decided to not stand for re-election at the Company's 2026 Annual Meeting of Shareholders on January 28, 2026 and to retire from the board following the conclusion of the Annual Meeting. Ms. Davis' decision follows nearly six years of dedicated service on Air Products' board, where she has continued to apply her public board experience and more than 35 years of industry experience leading large, international businesses in the energy and manufacturing sectors. Ms. Davis will continue to serve as Chair of the Management Development and Compensation Committee and as a member of the
LEHIGH VALLEY, Pa., Nov. 25, 2025 /PRNewswire/ -- Air Products' (NYSE:APD) Chief Executive Officer Eduardo Menezes and Chief Financial Officer Melissa Schaeffer will participate in a fireside chat at Citi's Basic Materials Conference on Tuesday, December 2, 2025 at 8:40 a.m. USET. Access the audio webcast from via Air Products' Investor Relations Event Details website. About Air Products Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in
LEHIGH VALLEY, Pa., Nov. 19, 2025 /PRNewswire/ -- The Board of Directors of Air Products (NYSE:APD) today declared a quarterly dividend of $1.79 per share of common stock. The dividend is payable on February 9, 2026 to shareholders of record at the close of business on January 2, 2026. About Air Products Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing
Exceeded FY25 guidance midpoint | Demonstrated strength and resilience in core businessUnlocked value through pricing, operational excellence, and disciplined cost managementRestored focus on core industrial gases projects | Rationalized energy transition project portfolio Fiscal 2025 Full-Year Summary of Results: GAAP results, including loss per share# of $1.74 and operating loss of $877 million, reflect the impact of significant charges related to business and asset actions described belowAdjusted earnings per share ("EPS")* of $12.03 exceeded guidance midpoint; adjusted operating income* of $2.9 billionQ4 FY25 Summary of Results: GAAP results, including EPS# of $0.02 and operating income
LEHIGH VALLEY, Pa., Oct. 9, 2025 /PRNewswire/ -- Air Products (NYSE:APD) will hold a conference call to discuss its fiscal 2025 fourth quarter financial results on Thursday, November 6, 2025 at 9:00 a.m. ET. The teleconference will be open to the public and the media in listen-only mode by telephone and Internet broadcast. APD Q4FY25 live teleconference: 720-543-0214Passcode: 4439002 Internet broadcast/slides: Available on the Event Details page on Air Products' Investor Relations website. Internet replay: Available on the Event Details page on Air Products' Investor Relations website. About Air Products Air Products (NYSE: APD) is a world-leading industrial gases company in operation for
LEHIGH VALLEY, Pa., Oct. 2, 2025 /PRNewswire/ -- Air Products (NYSE:APD) will showcase its high-quality gases, applications technologies, equipment and services to support the lithium-ion battery industry at the Battery Show North America at Huntington Place in Detroit, Mich., from Oct. 6-9. Conference attendees are invited to visit Air Products' booth 5731 to speak with an industry specialist about their own specific processes and challenges. Air Products supports the complete lithium-ion battery supply chain from battery materials production to recycling with a full line of high-purity and high-quality gases including nitrogen, helium, oxygen, argon, hydrogen, carbon dioxide and carbon mo
Air Products Foundation to Contribute up to $15,000 to the Ceramic & Glass Industry Foundation LEHIGH VALLEY, Pa., Sept. 30, 2025 /PRNewswire/ -- Air Products (NYSE:APD) will highlight new industrial gas supply innovations as well as glass melting and downstream process technologies at the 86th Conference on Glass Problems in Toledo, Ohio, from Oct. 6-8. Technologies to be showcased by Air Products at the conference include industry-leading oxygen enrichment, oxy-fuel combustion, waste heat recovery, and smart technologies to enable increased glass production, reduced fuel consumption, enhanced glass quality, and reduced emissions. Air Products will host a combined exhibit/hospitality event
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Live finance-specific insights
LEHIGH VALLEY, Pa., Nov. 19, 2025 /PRNewswire/ -- The Board of Directors of Air Products (NYSE:APD) today declared a quarterly dividend of $1.79 per share of common stock. The dividend is payable on February 9, 2026 to shareholders of record at the close of business on January 2, 2026. About Air Products Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing
LEHIGH VALLEY, Pa., Oct. 9, 2025 /PRNewswire/ -- Air Products (NYSE:APD) will hold a conference call to discuss its fiscal 2025 fourth quarter financial results on Thursday, November 6, 2025 at 9:00 a.m. ET. The teleconference will be open to the public and the media in listen-only mode by telephone and Internet broadcast. APD Q4FY25 live teleconference: 720-543-0214Passcode: 4439002 Internet broadcast/slides: Available on the Event Details page on Air Products' Investor Relations website. Internet replay: Available on the Event Details page on Air Products' Investor Relations website. About Air Products Air Products (NYSE: APD) is a world-leading industrial gases company in operation for
LEHIGH VALLEY, Pa., July 18, 2025 /PRNewswire/ -- The Board of Directors of Air Products (NYSE:APD) today declared a quarterly dividend of $1.79 per share of common stock. The dividend is payable on November 10, 2025 to shareholders of record at the close of business on October 1, 2025. About Air Products Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturi
LEHIGH VALLEY, Pa., June 30, 2025 /PRNewswire/ -- Air Products (NYSE:APD) will hold a conference call to discuss its fiscal 2025 third quarter financial results on Thursday, July 31, 2025 at 8:00 a.m. ET. The teleconference will be open to the public and the media in listen-only mode by telephone and Internet broadcast. APD Q3FY25 live teleconference: 720-543-0220Passcode: 3763258 Internet broadcast/slides: Available on the Event Details page on Air Products' Investor Relations website. Internet replay: Available on the Event Details page on Air Products' Investor Relations website. About Air Products Air Products (NYSE: APD) is a world-leading industrial gases company in operation for ove
LEHIGH VALLEY, Pa., May 22, 2025 /PRNewswire/ -- The Board of Directors of Air Products (NYSE:APD) today declared a quarterly dividend of $1.79 per share of common stock. The dividend is payable on August 11, 2025 to shareholders of record at the close of business on July 1, 2025. About Air Products Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, med
LEHIGH VALLEY, Pa., April 1, 2025 /PRNewswire/ -- Air Products (NYSE:APD) will hold a conference call to discuss its fiscal 2025 second quarter financial results on Thursday, May 1, 2025 at 8:00 a.m. ET. The teleconference will be open to the public and the media in listen-only mode by telephone and Internet broadcast. APD Q2FY25 live teleconference: 773-305-6865Passcode: 7519932Internet broadcast/slides: Available on the Event Details page on Air Products' Investor Relations website. Internet replay: Available on the Event Details page on Air Products' Investor Relations website. About Air Products Air Products (NYSE:APD) is a world-leading industrial gases company in operation for over
Q1 FY25 (comparisons versus prior year): GAAP EPS# of $2.77, up one percent; GAAP net income of $650 million, up five percent; and GAAP net income margin of 22.2 percent, up 150 basis pointsAdjusted EPS* of $2.86, up one percent; adjusted EBITDA* of $1.2 billion, up one percent; and adjusted EBITDA margin* of 40.6 percent, up 140 basis pointsFiscal 2025 and Recent Highlights Increased quarterly dividend on the Company's common stock to $1.79 per share, marking the 43rd consecutive year of dividend increases; Air Products expects to return approximately $1.6 billion to shareholders in 2025Guidance Maintain fiscal 2025 full-year adjusted EPS guidance* of $12.70 to $13.00; fiscal 2025 second qu
Marks 43rd Consecutive Year of Quarterly Dividend Increases on Company's Common Stock LEHIGH VALLEY, Pa., Jan. 22, 2025 /PRNewswire/ -- The Board of Directors of Air Products (NYSE:APD) has increased the quarterly dividend on the Company's common stock to $1.79 per share, marking the 43rd consecutive year of dividend increases. The dividend is payable on May 12, 2025 to shareholders of record at the close of business on April 1, 2025. About Air Products Air Products (NYSE:APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gas
The Company's Board and Management, Under Chairman and CEO Seifi Ghasemi's Leadership, Have Delivered Over $44 Billion in Shareholder Value Creation1 Continues to Successfully Execute Two-Pillar Growth Strategy to Grow Core Industrial Gas Business While Capitalizing on First-Mover Advantage in Clean Hydrogen Market Air Products' Board is Refreshed, Independent and Fit-For-Purpose – Mantle Ridge's Proposed Nominees Would Remove Significant and Relevant Experience and Expertise Mantle Ridge's Proposed Executive Chairman Candidate Appears Alarmingly Unfit to Lead Air Products or any Public Company; Preferred CEO Candidate is Insufficiently Qualified Board Mails Letter Urging Shareholders to V
LEHIGH VALLEY, Pa., Nov. 21, 2024 /PRNewswire/ -- The Board of Directors of Air Products (NYSE:APD) today declared a quarterly dividend of $1.77 per share of common stock. The dividend is payable on February 10, 2025 to shareholders of record at the close of business on January 2, 2025. About Air Products Air Products (NYSE:APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing
Live Leadership Updates
Exceeded FY25 guidance midpoint | Demonstrated strength and resilience in core businessUnlocked value through pricing, operational excellence, and disciplined cost managementRestored focus on core industrial gases projects | Rationalized energy transition project portfolio Fiscal 2025 Full-Year Summary of Results: GAAP results, including loss per share# of $1.74 and operating loss of $877 million, reflect the impact of significant charges related to business and asset actions described belowAdjusted earnings per share ("EPS")* of $12.03 exceeded guidance midpoint; adjusted operating income* of $2.9 billionQ4 FY25 Summary of Results: GAAP results, including EPS# of $0.02 and operating income
LEHIGH VALLEY, Pa., Aug. 20, 2025 /PRNewswire/ -- Air Products' (NYSE:APD) Board of Directors has elected Howard Ungerleider as a director of the Company, effective September 1, 2025. He will serve as a member of the Audit and Finance Committee. "Howard is an excellent addition to the Air Products Board, bringing more than three decades of global business and financial leadership experience in the chemicals and specialty materials industries," said Chairman of the Board Wayne T. Smith. "We look forward to applying his extensive expertise as Air Products advances its mission to
LEHIGH VALLEY, Pa., Aug. 5, 2025 /PRNewswire/ -- Air Products (NYSE:APD) today announced that Megan Britt is appointed vice president, Investor Relations effective August 11, 2025. Britt succeeds Eric Guter who is leaving the Company to pursue other opportunities. Britt brings nearly 25 years of experience, most recently serving as vice president, Investor Relations at Archer-Daniels Midland (ADM) since 2022. Prior to ADM, Britt led the Investor Relations functions at Tyson Foods, Inc. and Corteva Agriscience. Before that, she held various finance and strategy roles at DuPont.
Q3 FY25 Summary of Results (comparisons versus prior year): GAAP earnings per share ("EPS")# of $3.24, up four percent; GAAP operating income of $791 million, up seven percentAdjusted EPS* of $3.09, down three percent; adjusted operating income of $741 million flatGuidance Revising fiscal 2025 full-year adjusted EPS guidance* to $11.90 to $12.10; fiscal 2025 fourth quarter adjusted EPS guidance* of $3.27 to $3.47Expect fiscal year 2025 capital expenditures* of approximately $5 billion#Per share amounts are calculated and presented on a diluted basis from continuing operations attributable to Air Products. *Certain results in this release, including in the highlights above, include reference
LEHIGH VALLEY, Pa., July 21, 2025 /PRNewswire/ -- Air Products (NYSE:APD) today announced that Matthew Lepore has been appointed Executive Vice President, General Counsel and Secretary and Chief Compliance Officer effective August 18, 2025. Lepore brings 30 years of international legal, commercial and compliance expertise to the role. Lepore will report to Chief Executive Officer Eduardo Menezes and be based at the Company's global headquarters in Allentown, Pennsylvania. Commenting on Lepore's appointment, Menezes said, "Matt is a seasoned executive and respected leader with
Q2 FY25 Summary of Results (comparisons versus prior year): GAAP results, including loss per share# of $7.77 and net loss of $1.7 billion, driven by an after-tax charge attributable to Air Products of $2.3 billion for business and asset actions recorded during the fiscal 2025 second quarterAdjusted earnings per share ("EPS")* of $2.69; adjusted EBITDA* of $1.2 billionQ2 FY25 Announcements Appointed Eduardo F. Menezes Chief Executive Officer of Air Products and member of the Board of Directors, joining other Board members elected in January 2025; Wayne T. Smith and Dennis H. Reilley named Chairman and Vice Chairman, respectivelyIncreased quarterly dividend to $1.79 per share, marking the 43r
Seifi Ghasemi to Leave the Company Following More than 10 Years of Dedicated ServiceWayne T. Smith Named Board Chairman and Dennis H. Reilley Named Board Vice Chairman LEHIGH VALLEY, Pa., Feb. 4, 2025 /PRNewswire/ -- Air Products' (NYSE: APD) Board of Directors today announced the appointment of Eduardo F. Menezes as Chief Executive Officer (CEO) of Air Products effective February 7, 2025, succeeding Seifollah ("Seifi") Ghasemi, who is leaving the Company after more than 10 years of dedicated service. Mr. Menezes will also join the Air Products Board. The Board of Directors also has named Wayne T. Smith Chairman and Dennis H. Reilley as Vice Chairman. They, along with the full Board, will w
Welcomes Andrew Evans, Paul Hilal, Bob Patel, Dennis Reilley and Alfred Stern LEHIGH VALLEY, Pa., Jan. 23, 2025 /PRNewswire/ -- Air Products (NYSE: APD) today reported preliminary voting results from its 2025 Annual Meeting of Shareholders ("Annual Meeting") held on January 23, 2025. Based on preliminary results, Air Products shareholders have chosen to elect the following nominees to serve on the Company's Board of Directors: Tonit M. CalawayLisa A. DavisAndrew EvansJessica Trocchi GrazianoPaul HilalBhavesh V. ("Bob") PatelDennis ReilleyWayne T. SmithAlfred SternThe Company issued the following statement: "We welcome all our new directors and look forward to working together in the advance
The Board Expects the Following: After the Announcement of a New President No Later Than March 31st, the CEO Transition Will Be Completed Within Three Months of Joining the Company. Additionally, the Roles of Chair and CEO Will Be Separated, a New Independent Chair Appointed, and Mr. Ghasemi Will Retire from the Board Air Products' Highly Qualified Board Is Significantly Refreshed with Outside Perspectives Our Independent Directors Are Running a Rigorous and Orderly CEO Succession Process Achieved Strong Preliminary Fiscal Q1 2025 Earnings Results (GAAP EPS of $2.77; adjusted EPS of $2.86)1 Which Reinforce that the Company is Committed to Creating Superior Shareholder Value LEHIGH VALLEY,
Change is In the Air: Mantle Ridge's Four Shareholder Nominees Will Help the Board Usher in a Brighter Future All of the Leading Independent Proxy Advisory Firms – ISS, Glass Lewis, and Egan-Jones – Recommend Replacing CEO Seifi Ghasemi and Other Board Members with Mantle Ridge Nominees Air Products' January 23, 2025 Annual Meeting is Fast Approaching: Vote Your Shares As Soon As Possible Online at the Voting Website Listed on Your BLUE Proxy Card or Voting Instruction Form Mantle Ridge Urges Shareholders to Vote Online "FOR" All Four of its Superbly Qualified Director Nominees – Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reilley – and "WITHHOLD" On Company Nominees Charles Cogut,