Air Products and Chemicals (APD) is in the throes of existential board revisions after proxy firms backed activist investor
Mantle Ridge. The dissident group has placed a lot of pressure on Air Products, resulting in the company fending off potentially misleading claims and restructuring its executive roles to distinguish between the positions of CEO and Chair.
Strong Q1 earnings coupled with robust guidance have helped strengthen the firm's position amid the ongoing battle. APD's commitment to shareholder value is clear with their consistent dividend payments and strategic growth initiatives. The
hydrogen giant has been in the news for its sustainability efforts, Q1 2025 earnings guidance, and expansion of its membrane solutions manufacturing center. Despite the proxy war, APD's stock has remained robust, outpacing the company's earnings growth and bearing significant contributions to Q3. An investment from USA Financial Formulas further strengthens APD's standing. Amid this power struggle, Air Products has published its 2024 Sustainability report highlighting its green initiatives, and secured a significant hydrogen deal with TotalEnergies.
Air Products Chemicals APD News Analytics from Wed, 13 Mar 2024 02:47:39 GMT to Fri, 17 Jan 2025 22:33:42 GMT -
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