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Morningstar•March 22, 2021
Morningstar•March 22, 2021Air Products and Chemicals, Inc.: Coronavirus and Lower Lu’An Contribution Remain Headwinds in Air Products’ Fiscal Q1; Lowering FVE
Summary
Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the largest supplier of hydrogen and helium in the world. It has a unique portfolio serving customers in a number of industries, including chemicals,
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Analyst Profile
Krzysztof Smalec
Equity AnalystKrzysztof Smalec, CFA, is an equity analyst on the industrials team for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers diversified industrial companies, including producers of industrial gases.Before joining Morningstar in 2018, Smalec spent six years working as a valuation consultant at Marshall & Stevens, where he specialized in valuing structured investments in renewable energy projects.Smalec holds a bachelor’s degree in finance and economics from DePaul University. He also holds the Chartered Financial Analyst® designation.