Air Products To Feature New Gas Density Sensor At POWDERMET

Air Products and Chemicals, Inc. (NYSE:APD) is slated to showcase its new gas density sensor at the International Conference on Powder Metallurgy & Particulate Materials (POWDERMET), which is scheduled to be held in Phoenix, AZ, from Jun 23 to 26.

The company’s innovative gas density sensor enables heat treaters to attain production efficiencies in various types of furnaces for hydrogen concentration measurement on the cooling and hot zone for nitrogen-hydrogen atmospheres.

The sensor consistently measures the hydrogen percentage of the furnace atmosphere. This enables heat treaters to optimize the concentration of hydrogen required to produce quality parts. It also helps heat treaters to reduce costs and complies with regulatory requirements as well as industry standards. Moreover, the sensor provides additional capabilities including local alarms on upset process conditions, process advisor and predictive maintenance.

Air Products’ shares have rallied 39.8% in the past year, against the industry’s 34.6% decline.

In April 2019, the company raised its adjusted EPS guidance for fiscal 2019 to the range of $8.15-$8.30 from the previous expectation of $8.05-$8.30. This indicates 10% rise year over year at the midpoint.

The company expects adjusted EPS for third-quarter fiscal 2019 in the band of $2.10-$2.15, which calls for 8-10% rise year over year. Also, the company raised capital expenditure expectations for fiscal 2019 to the range of $2.4-$2.5 billion, from the previous band of $2.3-$2.5 billion.

Zacks Rank & Other Key Picks

Air Products currently carries a Zacks Rank #2 (Buy).

Some other top-ranked stocks in the basic materials space are Materion Corporation (NYSE:MTRN) , Flexible Solutions International Inc (NYSE:FSI) and AngloGold Ashanti Limited (NYSE:AU) . These stocks currently sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Materion has an expected earnings growth rate of 27.3% for 2019. The company’s shares have gained 20.3% in the past year.

Flexible Solutions has a projected earnings growth rate of 342.9% for the current year. The company’s shares have surged 151.5% in a year’s time.

AngloGold has an estimated earnings growth rate of 90.6% for the current year. Its shares have rallied 93.1% in the past year.

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