Latest news with #APD
Yahoo
7 hours ago
- Business
- Yahoo
Materials Dividends in Specialty Chemicals (APD): The Case for Air Products and Chemicals
Air Products and Chemicals, Inc. (NYSE:APD) is included among the 13 Best Materials Dividend Stocks to Buy Right Now. A line of workers in a refinery wearing protective suits and masks, overseeing the production process of specialty gases. Air Products and Chemicals, Inc. (NYSE:APD) provides industrial gases and chemicals to customers in around 50 countries. Its products support a wide range of sectors, including electronics, food and beverage, manufacturing, metals, and refining. The global transition to clean energy is expected to be a major growth catalyst for Air Products and Chemicals, Inc. (NYSE:APD) in the years ahead. It is already the world's leading supplier of hydrogen, which is gaining traction as a fuel source for vehicles like buses and trucks. In addition, the company is at the forefront of carbon capture and gasification technologies, which convert resources such as coal, high-sulfur liquids, and natural gas into syngas— a key component for producing chemicals, fuel, and energy. Air Products and Chemicals, Inc. (NYSE:APD) has always grabbed the attention of income investors because of its consistent dividend policy. On July 18, the company declared a quarterly dividend of $1.79 per share, which was in line with its previous dividend. Overall, it has raised its payouts for 43 consecutive years. As of July 29, the stock has a dividend yield of 2.47%. While we acknowledge the potential of APD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
15 hours ago
- Business
- Yahoo
Air Products Trims Earnings Outlook On Portfolio Optimization And Project Exits
Air Products & Chemicals Inc. (NYSE:APD) announced better-than-expected fiscal third-quarter 2025 results, with adjusted earnings per share (EPS) of $3.09, beating the $2.98 estimate, and sales of $3.02 billion, surpassing the $2.96 billion estimate. Third-quarter sales climbed 1% year over year, driven by higher energy cost pass-through, favorable pricing, and currency impacts. These largely offset volume declines from the September 2024 LNG business sale, lower global helium demand, and previously exited projects. GAAP EPS rose 4% to $3.24, with GAAP operating income up 7% to $791 million, benefiting from asset sales. Adjusted operating income was flat at $741 million, reflecting strong base business performance despite the portfolio adjustments. Also Read: Air Products' Americas sales rose 2% to $1.3 billion, driven by higher energy pass-through and pricing, though offset by 6% lower volumes due to project exits and weaker helium demand. Operating income dropped 4% to $374 million, with the margin falling 200 basis points to 29.7%. In Asia, sales increased 3% to $810 million on higher volumes, energy pass-through, and favorable currency, despite a 1% pricing decline. Operating income grew 8% to $217 million, and the margin improved 150 basis points to 26.8% due to productivity. Europe's sales surged 11% to $771 million, fueled by favorable currency, higher volumes, and stronger pricing. Operating income rose 10% to $225 million, with the margin slightly down 30 basis points to 29.2%. Income from Middle East and India equity affiliates decreased 4% to $86 million, mainly from a Saudi Arabian affiliate. View more earnings on APD Corporate and other sales plummeted 39% to $143 million, and the operating loss widened 46% to $83 million, largely due to the September 2024 LNG business sale. Chief Executive Officer Eduardo Menezes said, 'The Air Products team delivered solid results this quarter that exceeded guidance and were higher than last year on a comparable basis, excluding the impact of the LNG sale. We are staying focused on our cost productivity efforts, pricing, operational excellence and capital discipline.' Air Products announced an additional $24.1 million (7 cents per share) charge in the third quarter for ongoing clean energy project exits. This follows a $2.9 billion charge in the second quarter to streamline its project backlog. The company also incurred $25.0 million (8 cents per share) in costs related to a proxy contest with Mantle Ridge. These expenses were partially offset by gains from asset sales, including $67.3 million (23 cents per share) from a Singapore subsidiary and $31.3 million (11 cents per share) from an England office. Separately, the de-designation of interest rate swaps for the NEOM Green Hydrogen Project means unrealized gains or losses are now reported as non-operating income or expense. Outlook Air Products has narrowed its full-year fiscal 2025 adjusted EPS guidance to a range of $11.90 to $12.10. This revised outlook aligns closely with the consensus analyst estimate of $11.98, reflecting the company's updated projections for the remainder of the fiscal year. For the upcoming fiscal fourth quarter, Air Products expects adjusted EPS to be between $3.27 and $3.47. This guidance is slightly below the current analyst consensus of $3.48 for the period. Air Products continues to project approximately $5 billion in capital expenditures for fiscal 2025. Price Action: APD shares are trading lower by 1.09% to 287.21 at Thursday's last check. Read Next:Photo by Andy Borysowski viaShutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? AIR PRODUCTS (APD): Free Stock Analysis Report This article Air Products Trims Earnings Outlook On Portfolio Optimization And Project Exits originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hans India
2 days ago
- Business
- Hans India
Farm ponds offer income boost to farmers
Giddalur, Prakasam Dist: Prakasamdistrict collector A Thameem Ansariya emphasised that farmers can significantly enhance their income by utilising individual farm ponds constructed under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). On Tuesday, the collector inspected several farm ponds in Kandulpuram and within Cumbum panchayat limits. She visited ponds built on various farmers' lands, accompanied by officials. During her inspection, the collector engaged with farmers about their crop cultivation and participated in sapling planting alongside the officials. She also interacted with MGNREGA workers regarding their weekly wages and addressed concerns raised by some workers about delayed payments. The collector explained that farm ponds are crucial for conserving rainwater by facilitating its percolation into the ground, preventing wasteful runoff. She highlighted that these structures primarily enable farmers to diversify and develop multiple income sources. She reported that 1,075 individual farm ponds have been completed across the district, with an additional 800 currently under construction. In Cumbum mandal specifically, 50 out of 140 planned ponds are complete, while 78 others are in progress. Markapur Sub-Collector Sahadith Venkat Trivinag, DRDA PD Joseph Kumar, Tahsildar Kiran, APD Bhaskar Rao, and others were present.
See - Sada Elbalad
3 days ago
- Business
- See - Sada Elbalad
APD 2026 Launched at Historic Malabo Leadership Breakfast Meeting
Yara Sameh The Africa Prosperity Dialogues (APD) 2026 was officially launched at the Malabo Leadership Breakfast Meeting, bringing together over 500 of Africa's most influential political and business leaders on the sidelines of the African Union's 7th Mid-Year Coordination Meeting. The historic gathering, held under the theme 'Financing and Facilitating the Movement of People, Goods and Services Across Africa', marked a pivotal moment in the continent's journey towards economic integration and shared prosperity. High-Level Attendance The launch event was graced by an exceptional assembly of continental leadership, including His Excellency President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea, His Excellency Brice Clotaire Oligui Nguema, President of Gabon, His Excellency Mohamed Yunus al-Menfi, Head of State of the State of Libya, and His Excellency Mahmoud Ali Youssouf, Chairperson of the African Union Commission, as well as H.E. Selma Malika Haddadi, Deputy Chairperson of the African Union Commission. The gathering also featured Madam Dr Nkosazana Dlamini-Zuma, Advisory Council Chairperson of the Africa Prosperity Network, alongside ministers of state, heads of regional economic blocs, development finance institutions, and Africa's leading business executives. The meeting, organised by the Africa Prosperity Network (APN) and Invest Equatorial Guinea, in collaboration with the African Continental Free Trade Area (AfCFTA) Secretariat, demonstrated the powerful synergy between public and private sector initiatives in driving continental integration. Key Addresses and Vision Opening the breakfast meeting, President Obiang welcomed delegates to Malabo, emphasising the historic significance of the moment. "We are deeply pleased to welcome you to this city where African history is projected with hope towards the future. This morning of leadership is an opportunity to listen, coordinate and advance with a common vision towards the integration of the land of the African continent," he declared. The President articulated three profound convictions driving Equatorial Guinea's commitment to continental integration: "First, we believe in an Africa where integration is not limited to treaties but is reflected in the everyday life of our peoples, where Africans can move without obstacles, enriching the economic, social and cultural fabric of the continent." He strongly endorsed the proposed innovative $1-a-day fund initiative, stating: "We support initiatives such as the $1 a day fund for its innovation and symbolism that shows that Africa can finance its development without mobilising its inhabitants with common objectives and transparent mechanisms." Highlighting Equatorial Guinea's progressive immigration policy, President Obiang noted: "Our country receives all immigrants as long as they have an identity. We receive immigrants from West Africa without any problem... Therefore, we believe that free movement is necessary to end the shame that African immigrants suffer when they leave for other continents." H.E. Mahmoud Ali Youssouf, Chairperson, African Union Commission, expressed his gratitude to the Africa Prosperity Network and Invest Equatorial Guinea for putting together such an important meeting ahead of the 7th AU Mid-Year Coordination Meeting and highlighted the challenging global environment, noting that protectionist measures have created "the greatest rupture of the international trade order since the end of the Second World War." He outlined the consequences for Africa: "The internet has lowered its economic growth forecast from 4.2% to 3.8% for the year 2025. These measures are likely to cause the volatility of the prices of raw materials, increase the costs of employment and limit access to financing on the international financial market." Referencing the continental vision, he stated: "We had the ambition, Madam Zuma, by deciding that for 2063, Africa must be a developed continent. And for this, we had to create the conditions for an economic growth of 7% every year over 50 years. Unfortunately, we have achieved only 4%. During the period of 2013-2023, we were behind. To compensate for this delay, we will now need a growth rate of 8% per year over the period of 2024-2063." The Chairperson outlined six critical corridors for regional integration, including the East Africa corridor, the West Africa corridor, the Central Africa corridor, the North-South Africa corridor, the Trans-Saharan Africa corridor and the Maritime corridor, a newly proposed plan to connect island states to the continent. H.E. Ali Youssouf also outlined 5 Sectoral Infrastructure Priorities: Transport Infrastructure: "The means of commuting, such as roads, railways and sea routes. These are the relevant pillars of African trade. I emphasise the urgent realisation of the African network of high-speed trains." Energy Infrastructure: "Access to reliable, competitive, sustainable and vital energy to support our industries and trade exchanges," with a comprehensive energy classification including electricity, nuclear, gas, solar, coal, fuel, wind, and geothermal sources. Digital Infrastructure: "Our continent must not remain on the verge of the digital revolution at this age of artificial intelligence." Aviation Infrastructure: Emphasising "the importance of making the unique market of maritime air transport effective" through the Single African Air Transport Market (SAATM). Financial Infrastructure: Highlighting the Pan-African Payment and Settlement System (PAPSS) and the need for enhanced capitalisation of development banks. Madam Dr Nkosazana Dlamini-Zuma delivered a passionate address on the transformative potential of Africa's demographic dividend, particularly focusing on the continent's youth and women. She highlighted critical statistics: "Africa's future and prosperity can only be built or achieved by the Africans themselves. We are almost 1.4 billion strong, plus the diaspora, which is about 130 million plus. And together, we can build the Africa we want." Using the example of a Ghanaian shea butter producer, she illustrated the market expansion potential: "Let's take a woman in Ghana producing shea butter. If she starts thinking African, and the African continent has been changed, her market changes from 35 million plus to 1.4 billion people." The official launch statement for APD 2026 was delivered on behalf of the Executive Chairman & Founder, Mr Gabby Asare Otchere-Darko, by Board Member & Executive Director, Mr Kwaku Sakyi-Addo, with remarkable clarity on the event's transformative objectives. "What has been clear from this morning's rich discussions on trade agreements, protocols, ease of travel and movements of goods and services is that it has affirmed a simple truth: Africa's single market will only succeed if it becomes a market that allows the hundreds of millions of Africans involved in small and medium scale enterprises, our women, and our young people to effectively own and drive it." The statement outlined ambitious targets: "If we achieve this, the ripple effects will be transformative. It can easily lead to 50 million jobs created by 2030, 30 million Africans lifted from poverty, and a single market that is truly inclusive, one that leaves no one behind." Innovative Financing Mechanisms Eric Otoo presented the proposed innovative funding mechanism central to the APD vision, highlighting three key pillars driving optimism: the growing African middle class of 400-500 million people, the diaspora's $100 billion annual remittances, and transformative technology enabling financial inclusion. "Imagine if at least every middle class... if even just 10 per cent contribute at least a dollar a day for a year, we'll be able to mobilise at least $15 billion as Africans. This will be funding coming from Africans that will be utilised by Africans for the development and the growth of infrastructure and media industries across the continent," he explained. The APD 2026 Vision The launching the fourth Africa Prosperity Dialogues (APD) 2026 under the theme 'Empowering SMEs, Women & Youth in Africa's Single Market: Innovate. Collaborate. Trade.', saw high-level participants at the Malabo Leadership Breakfast meeting share in the bold reimagining of continental economic integration, placing small and medium enterprises (SMEs), women, and youth at the centre of Africa's single market vision. The initiative recognises that Africa's youngest population—60% under 35- is not merely beneficiaries of economic policy but active architects of the continent's future. Key statistics underscore the urgency of this focus: women drive over 70% of cross-border trade and contribute to nearly half of Africa's GDP, yet receive less than 2% of available venture capital. SMEs account for 80% of employment and 50% of GDP across African countries, yet most remain locked out of regional value chains. Policy Advocacy and Implementation The meeting track reinforced APN's record of driving tangible policy outcomes, including contributions to the AU's Digital Trade Protocol and the ongoing Nigeria-Ghana pilot programme for cross-border mobile money interoperability. The network's advocacy efforts continue to focus on accelerating SAATM adoption, reducing aviation taxes, eliminating visa restrictions, and mobilising investment in infrastructure. Looking Forward The APD 2026 launch marks a crucial milestone in Africa's journey towards genuine economic integration. By prioritising the empowerment of SMEs, women, and youth, the initiative promises to create a more inclusive and sustainable path to continental prosperity. The next Africa Prosperity Dialogues will convene in February 2026, building on the momentum generated at this historic Malabo breakfast meeting. The focus will remain steadfast on creating practical pathways for the continent's most dynamic demographic groups to drive and benefit from Africa's single market. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Sports Get to Know 2025 WWE Evolution Results Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani
CBS News
4 days ago
- CBS News
I-225 north in Aurora partially reopens after fatal crash causes closure
A fatal crash on I-225 in Aurora temporarily shut down all northbound lanes of traffic on Sunday evening. Officers responded to the scene just south of the Alameda Exit around 6 p.m. Authorities said a single vehicle crashed, claiming the life of one person. The Aurora Police Department said the cause of the crash remains under investigation. The two left lanes reopened around 6:20 p.m., but APD said the right lane will remain closed for an extended time while they work the scene.
