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On May 16, the board of Air Products and Chemicals (APD) made an announcement regarding its quarterly dividend. At the end of its fiscal second quarter, APD had 220.8 million outstanding shares. If APD doesn’t engage in share buybacks before the record date, it will be spending ~$242.9 million in the form of dividend payments.
Air Products' (APD) world-scale Kochi industrial gas complex in India will increase refining capacity and produce cleaner fuel.
Air Products' (APD) latest acquisition of Shell's coal gasification technology will allow the company to expand its offerings in syngas.
DowDuPont’s (DWDP) Specialty Products segment is expected to be spun off into an independent company by June 1, 2019. The Specialty Products segment consists of four businesses. This segment reported combined revenues of $5.6 billion, which accounts for 26.0% of DWDP’s total revenues, an increase of 1.3% on a year-over-year basis. The reported revenues implies growth of 10.8% over 1Q17’s reported revenues of $5.0 billion.
Japanese trading house Mitsubishi Corp on Tuesday said its profit for the last financial year jumped 27 percent to record levels due to stronger prices for coking coal and other commodities, while forecasting another profit-rise this year. Japanese trading houses have been enjoying their best profits in several years, driven by a rally in commodities from coking coal and base metals to oil and natural gas as well as stronger earnings in non-resource businesses. Mitsubishi's results follow record earnings reported last week by its peer Itochu Corp .
DowDuPont (DWDP) reported 1Q18 revenues of $21.5 billion, an increase of 13.1% over its pro forma revenues of $20.5 billion in 1Q17. Analysts expected DWDP to report revenues of ~$21.4 billion. The company’s revenues are reported on a continuing operations basis. Dow Chemical and DuPont made several significant divestitures to facilitate the merger.
International Flavors and Fragrances (IFF) is expected to report revenues of $911.3 million, which would be a 10.0% increase compared to 1Q17. If the company meets expectations, it would mean that IFF’s Q1 revenues have risen at a CAGR (or compound annual growth rate) of 4.6% in the past five years. IFF’s projected revenue growth is expected to be driven by organic growth.
For 1Q18, LyondellBasell (LYB) reported revenue of $9.8 billion, an increase of 15.9% on a YoY (year-over-year) basis. In 1Q17, its revenue totaled $8.4 billion.
In 2018, the number of analysts tracking Air Products and Chemicals (APD) increased from 20 to 21, of which 76% have recommended “buy” and 24% have recommended “hold.” There have been no “sell” recommendations.
Air Products and Chemicals’ (APD) Industrial Gases–Asia segment accounted for 25.9% of APD’s total revenue in fiscal 2Q18, narrowing by 3.2 percentage points YoY (year-over-year) from 22.7%. The segment’s revenue rose 27.9% YoY to $557.6 million from $435.9 million.
In fiscal 2Q18, Air Products and Chemicals’ (APD) Industrial Gases–EMEA (Europe, the Middle East, Asia) segment’s total revenue contribution expanded 5.1 percentage points YoY (year-over-year) to 26% from 20.9%. The segment’s revenue rose 35.6% YoY to $561.6 million from $414.2 million.
Air Products and Chemicals’ (APD) Industrial Gases–Americas segment was its largest revenue contributor in fiscal 2Q18. The segment comprised 42.4% of the company’s overall revenue, compared with 45.0% in fiscal 2Q17, marking a decline of 2.6 percentage points.
Air Products and Chemicals’ (APD) revenue rose 9.0% YoY (year-over-year) to $2.16 billion in fiscal 2Q18, missing analysts’ estimate of $2.2 billion. In 2Q17, APD’s revenue stood at $1.98 billion.
DowDuPont (DWDP) is expected to post an adjusted EPS (earnings per share) of $1.10 in 1Q18. In 1Q17, Dow Chemical reported an adjusted EPS of $1.04, while DuPont reported an adjusted EPS of $1.64. DowDuPont might be able to beat analysts’ EPS estimates and repeat its performance in 4Q17. DowDuPont posted an adjusted EPS of $0.83 in 4Q17.
DowDuPont (DWDP) is expected to report revenues of $21.42 billion in 1Q18—an increase of 2.1% over Dow Chemical and DuPont’s combined revenue in 1Q17. In 4Q16, the combined revenue was $20.97 billion. Dow Chemical and DuPont have divested several businesses to facilitate the merger. In 4Q17, volume growth was seen across all of DowDuPont’s reporting segments.
Praxair (PX), the top industrial gas company, reported revenues of ~$3.0 billion for 1Q18 today, reflecting growth of 9.9% over 1Q17. Higher volumes, price improvement, and favorable foreign currency fueled Praxair’s revenue growth. Praxair’s revenue grew across all of its reporting segments, led by Asia at 21%, Europe at 20%, North America at 7%, and Surface Technologies at 11%, while South America declined 1%, inclusive of currency impact.
Air Products (APD) raised its earnings outlook for fiscal 2018 factoring in the expected contribution from the Lu'An syngas project.
Air Products' (APD) adjusted earnings of $1.71 per share for second-quarter fiscal 2018 beat the Zacks Consensus Estimate of $1.68.
On a per-share basis, the Allentown, Pennsylvania-based company said it had profit of $1.89. Earnings, adjusted for pretax gains, were $1.71 per share. The results exceeded Wall Street expectations. The ...
Air Products and Chemicals Inc (NYSE:APD) saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $174 and falling to theRead More...
Air Products & Chemicals (NYSE: APD ) releases its next round of earnings Thursday. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report. Earnings and Revenue Sell-side ...