Air Products and Chemicals, Inc. (APD) remains persistent with a
quarterly dividend of US $1.79 per share, conserve amidst a significant second-quarter loss instigated by a $2.3B project exit charge. Despite waning Q2 results, the Company has announced Eduardo F. Menezes as their newest CEO, taking the helm in the challenging circumstances. Meanwhile, the Company reports a net loss of approximately USD 1.7 Billion for the second quarter coupled with
weakening profit forecast and a slip in shares. Major board adjustments were made, as Mandate Ridge acquired enough votes for board seats. With this, Eric Guter is named the Vice President of Investor Relations, while former Linde executive takes the CEO role upon Seifi Ghasemi's exit. Air Products and Chemicals is highlighted as a compelling buy opportunity, displaying a strong capacity for
innovation, leadership, and resilience. The Company's announcement about their projection exit, return to core business, and green hydrogen push would indicate a strategic shift and an investment in their fresh technology and food freezing solutions displayed at the Seafood Expo is indicative of their ability to adapt.
Air Products Chemicals APD News Analytics from Wed, 10 Jul 2024 07:00:00 GMT to Fri, 23 May 2025 09:30:43 GMT -
Rating -5
- Innovation 6
- Information 8
- Rumor -2
