Air Products (NYSE:APD) secured an oxygen-supply contract for a new production facility of LG Chem (‘’LGC’’). Per the deal, the company will supply oxygen in gaseous form through an on-site Prism vacuum swing adsorption (VSA) oxygen generator which will be used for producing materials used in secondary batteries.
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Air Products' PRISM product line offers reliable, economical and eco-friendly on-site supply solutions by maximizing efficiency and significantly reducing energy requirements. To address the evolving production needs, the latest product comes with modular, packaged plant design that enables quick installation, easy integration and flexible operating patterns.
Air Products, in August, increased its adjusted earnings per share guidance for the full year. For fiscal 2017, Air Products expects adjusted earnings per share of $6.20-$6.25 (up from $6.00-$6.25 expected earlier), which at midpoint, represents a 10% increase from the prior year. For fourth-quarter fiscal 2017, Air Products anticipates adjusted earnings per share from continuing operations of $1.65-$1.70 per share, which at midpoint, also represents a 12% increase from the prior year.
Air Products, in August, increased its adjusted earnings per share guidance for the full year. For fiscal 2017, Air Products expects adjusted earnings per share of $6.20-$6.25 (up from $6.00-$6.25 expected earlier), which at midpoint, represents a 10% increase from the prior year. For fourth-quarter fiscal 2017, Air Products anticipates adjusted earnings per share from continuing operations of $1.65-$1.70 per share, which at midpoint, also represents a 12% increase from the prior year.
Air Products, which is among the prominent chemical makers along with BASF S.A. (OTC:BASFY) , Eastman Chemical Company (NYSE:EMN) and Celanese Corporation (NYSE:CE) , is well placed to leverage the cyclical recovery in core industrial end-markets. The company has built a strong project backlog. These projects are expected to be accretive to earnings and cash flow over the next few years. Acquisitions and new business wins are expected to continue to drive results. The company is also progressing well with its $600 million cost-cutting program.
Air Products also has significant amount of cash to invest in its core industrial gases business. The company expects to deploy roughly $8 billion in strategic, high-return opportunities to create shareholders value over the next three years.
4 Stocks to Watch after the Massive Equifax (NYSE:EFX) Hack
Cybersecurity stocks spiked on recent news of a data breach affecting 143 million Americans. But which stocks are the best buy candidates right now? And what does the future hold for the cybersecurity industry?
4 Stocks to Watch after the Massive Equifax (NYSE:EFX) Hack
Cybersecurity stocks spiked on recent news of a data breach affecting 143 million Americans. But which stocks are the best buy candidates right now? And what does the future hold for the cybersecurity industry?
Equifax is just the most recent victim. Computer hacking and identity theft are more common than ever. Zacks has just released Cybersecurity! An Investor’s Guide to inform Zacks.com readers about this $170 billion/year space. More importantly, it highlights 4 cybersecurity picks with strong profit potential.
BASF SE (DE:BASFN) (BASFY): Free Stock Analysis Report
Eastman Chemical Company (EMN): Free Stock Analysis Report
Air Products and Chemicals, Inc. (APD): Free Stock Analysis Report
Celanese Corporation (CE): Free Stock Analysis Report
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