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Air Products

All articles tagged with #air products

environment-science1 year ago

"Monitoring Carbon Capture in Lake Maurepas with Buoys"

Scientists from Southeastern Louisiana University have deployed research buoys in Lake Maurepas to independently monitor the area while Air Products implements a carbon capture project. The buoys are equipped with sensors to monitor water quality and will provide real-time data to the public. The project has faced opposition from residents and officials concerned about its impact on the local ecosystem, but Air Products hopes that the independent scientific monitoring will help allay these concerns. The company is currently conducting initial test wells and plans to store 95% of the plant's carbon emissions below the lake by 2026.

business1 year ago

Air Products (APD) Q1 Earnings Slump Leads to Sharp Stock Decline

Air Products and Chemicals, Inc. (APD) reported first-quarter fiscal 2024 earnings of $2.73 per share, up from $2.57 in the year-ago quarter, driven by higher pricing and volumes. However, adjusted earnings per share missed estimates, and revenues were down around 6% year over year. The company faced headwinds from a slowdown in manufacturing in China, lower helium demand, higher costs, and currency devaluation in Argentina. Air Products now expects fiscal 2024 adjusted EPS of $12.20-$12.50, down from previous expectations, and anticipates second-quarter adjusted earnings per share in the range of $2.60-$2.75.