Air Products and Chemicals, Inc.


SKU: APD Category:


This is our first report on industrial gases major, Air Products and Chemicals. The company delivered an impressive result in the last quarter, surpassing Wall Street expectations in terms of revenues as well as earnings per share. Each region saw an improvement in price and volume, and the Jazan project contributed as anticipated. During the quarter, the company took another important step toward a clean hydrogen future by announcing its $500 million investment in a new green hydrogen plant in Massena, New York, situated along the banks of the St. Lawrence River. With this project, they can use hydropower along with solar and other sustainable energy sources. It also indicates the rising support for the energy transition in the U.S., which was further strengthened by the Inflation Reduction Act’s enactment. To sum up, these initiatives support the company’s energy transition plan and will continue to be a significant source of revenue for it in the future. We initiate coverage on the stock of Air Products and Chemicals, Inc. with a ‘Hold’ rating.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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