Air Products and Chemicals, a worldwide provider of industrial gases, has experienced a roller coaster in recent months. Its
stock has grown by over 20% in both 3 and 6-month intervals. In the 4th quarter, the company reported strong
EPS growth with revenues that didn't meet expectations yet ensured robust
cash flow. Wrapping up the 4th quarter, Air Products
sold its LNG business to Honeywell for a staggering $1.81B. Subsequently, activist investor firm
Mantle Ridge, holding a $1B stake, suggested sweeping changes to boost performance, including
restructuring the board. This caused quite a controversy, leading to the eventual withdrawal of some nominations and modifications on the board.
D.E. Shaw, another investment firm, has thrown its support behind these changes. Furthermore, APD made waves by spearheading the clean
hydrogen race, signing a deal with
TotalEnergies to seize a $600B market opportunity. Despite financial observers identifying some areas for improvement in APD's numbers, many shareholders seem pleased with the company’s performance overall.
Institutional investors appear to overlook recent market cap decline given longer-term profit projections.
Air Products Chemicals APD News Analytics from Thu, 23 May 2024 07:00:00 GMT to Sat, 07 Dec 2024 10:48:38 GMT -
Rating 4
- Innovation 6
- Information 7
- Rumor -3
