Exhibit 99.1 News Release Air Products Reports Fiscal 2024 Fourth Quarter GAAP EPS of $8.81 and Adjusted EPS of $3.56 Fiscal Year 2024 (comparisons versus prior year): # • GAAP EPS of $17.24, up 67 percent; GAAP net income of $3.9 billion, up 65 percent; and GAAP net income margin of 31.9 percent, up 1,330 basis points • Adjusted EPS* of $12.43, up eight percent; adjusted EBITDA* of $5.0 billion, up seven percent; and adjusted EBITDA margin* of 41.7 percent, up 440 basis points Q4 FY24 (comparisons versus p ...

Long-Term Focussed In-Depth Fundamental Analysis.Former Associate at a $10 billion hedge fund, with 15 years of professional experience in equity markets. Holds a First-Class Honours degree in Financial Economics from the University of London and is a CFA Level III candidate.An avid reader and a Berkshire Hathaway buff.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrot ...

HANOVER, GERMANY - APRIL 17: The logo of Green Hydrogen is seen at the 2023 Hannover Messe ... [+] industrial trade fair on April 17, 2023 in Hanover, Germany. Over 4,000 companies, primarily from the energy and engineering sectors, are exhibiting at the fair, with an emphasis on digitalization, connectivity and climate neutrality. (Photo by Alexander Koerner/Getty Images) Getty Images A growing controversy over the ESG-driven capital allocation strategies of industrial gas provider Air Products illustrates ...

Business: Air Products and Chemicals is an industrial gases company. It's focused on serving energy, environmental and emerging markets. Its base business provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing and food. Air Products also develops, engineers, builds, owns and operates clean hydrogen projects supporting the transition to low- and zero-carbon energy in the heavy-du ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Air Products and Chemicals (APD) , which belongs to the Zacks Chemical - Diversified industry.This seller of gases for industrial, medical and other uses has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 5.02%.For the most recent quarter, Air Products a ...

Company Overview - Air Products is a leading industrial gases company with over 80 years of operation, focusing on energy, environmental, and emerging markets [2] - The company has two growth pillars driven by sustainability, providing essential industrial gases and related expertise across various industries [2] - Air Products is involved in developing and operating large clean hydrogen projects to support the transition to low- and zero-carbon energy [2] Financial Performance - For fiscal 2023, Air Products reported sales of $12.6 billion from operations in approximately 50 countries [3] - The current market capitalization of Air Products is about $60 billion [3] Workforce and Mission - The company employs approximately 23,000 individuals from diverse backgrounds, committed to creating innovative solutions for environmental sustainability [3] - Air Products aims to address challenges faced by customers, communities, and the world through its higher purpose [3] Upcoming Events - Air Products will release its fiscal 2024 fourth quarter financial results on November 7, 2024, prior to market open [1] - A teleconference to review these results will take place at 8:30 a.m. ET, open to the public and media in listen-only mode [1]

Multi-strategy hedge fund D.E. Shaw revealed on Thursday it had amassed a roughly $1 billion stake in industrial gas giant Air Products and Chemicals, the second activist stake at the $71 billion company. D.E. Shaw, one of the largest hedge funds in the world by assets, said in letters made public Thursday that its efforts to engage privately with the company had been largely rebuffed and marked by "an apparent lack of urgency." The investor plans to nominate three directors to the company's board, people f ...

Reiterates the Need for the Board to Engage in Proper Succession Planning and Insist on a More Rigorous Capital Allocation Policy NEW YORK, Oct. 10, 2024 /PRNewswire/ -- The D. E. Shaw group, a global investment and technology development firm with more than $60 billion in investment capital and a history of working with companies to help build long-term value, today sent an open letter to the Board of Directors of Air Products and Chemicals, Inc. (NYSE: APD) (the "Company" or "APD") calling for changes aim ...

Air Products and Chemicals (APD) shares rallied 9.5% in the last trading session to close at $312.69. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 6.3% gain over the past four weeks.APD’s stock popped on reports that activist investor Mantle Ridge has amassed a large stake in the company. According to The Wall Street Journal, Mantle Ridge has acquired a more than $1 billion stake in the company and plans t ...

Air Products & Chemicals (APD, Financial) shares surged by 7.93% recently following the news of a significant activist investment. Mantle Ridge, an investment firm, has acquired over $1 billion in shares and plans to advocate for strategic changes at the company.Despite Air Products & Chemicals (APD, Financial) showing a positive price movement with its shares currently priced at $308.14, the company has underperformed in comparison to its competitor Linde over the past three years. This underperformance is ...