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Air Products and Chemicals APD · USD

Materials · Chemicals · US listing · 🇺🇸 United States

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311.08

+2.05%

Close of 9 Nov 2026, in USD

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About Air Products and Chemicals

From its filings with the US Securities and Exchange Commission

SEC filings

Air Products and Chemicals is based in Allentown, Pennsylvania and is incorporated in Delaware. Its shares trade on NYSE under the ticker APD. It is a member of the S&P 500. The SEC classifies its business as industrial inorganic chemicals. In the fiscal year to 30 September 2025, it reported revenue of $12.04bn and a net loss of $394.5m. At that date it held total assets of $41.06bn and shareholders' equity of $15.02bn. By region, Other foreign operations accounted for 45.0%, followed by U.S. at 39.0% and CHINA at 16.1%.

In its own words

Air Products and Chemicals, Inc., a Delaware corporation founded in 1940, is a world-leading industrial gases company that has built a reputation for its innovation, operational excellence, and commitment to safety and environmental stewardship. Focused on serving energy, environmental, and emerging markets and generating a cleaner future, we offer products and services that improve our customers’ operations and sustainability.

We serve a broad range of industries, including refining, chemicals, metals, electronics, manufacturing, medical, and food, providing essential industrial gases, related equipment, and applications expertise. We also develop, engineer, build, own, and operate some of the world’s largest clean hydrogen projects supporting the transition to low- and zero-carbon energy, particularly in industrial applications and the heavy-duty transportation sector. Additionally, our sale of equipment businesses provide specialized products such as turbomachinery, membrane systems, and cryogenic containers to customers worldwide.

Our industrial gases business, which is organized and operated regionally in the Americas, Asia, Europe, and Middle East and India segments, produces and sells atmospheric gases such as oxygen, nitrogen, and argon (primarily recovered by the cryogenic distillation of air); process gases such as hydrogen, helium, carbon dioxide ("CO2"), carbon monoxide, and syngas (a mixture of hydrogen and carbon monoxide); and specialty gases.

Quoted from its 10-K, filed 20 Nov 2025. Read the filing on SEC.gov ↗

Company facts

Sector
Materials
Industry
Chemicals
Listed since
13 Nov 1961
Employees
21,300
Head office
1940 AIR PRODUCTS BLVD., ALLENTOWN, PA, 18106-5500
Incorporated in
DE
Classification
Industrial Inorganic Chemicals
Filer status
Large accelerated filer

Leadership

Pay as last reported

  • Mr. Wayne SmithIndependent Chairman of the Board$300,000
  • Mr. Eduardo MenezesChief Executive Officer, Director, since 2025
  • Mr. Dennis ReilleyVice Chairman of the Board, since 2025
  • Ms. Melissa SchaefferChief Financial Officer, Senior Vice President$4.5m
  • Mr. Matthew LeporeExecutive Vice President, Chief Compliance Officer, General Counsel, Secretary
  • Mr. William PellicciottiChief Accounting Officer, Controller
  • Mr. Edward MonserLead Independent Director$350,000
  • Ms. Tonit CalawayIndependent Director$290,000
  • Mr. Charles CogutIndependent Director$305,353
  • Ms. Lisa DavisIndependent Director$310,000
  • Ms. Jessica GrazianoIndependent Director
  • Mr. Bhavesh PatelIndependent Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
76
Environment
86
Social
76
Governance
66
Direct emissions (scope 1)
16,400,000 t
Energy emissions (scope 2)
10,700,000 t
Value chain emissions (scope 3)
8,300,000 t
Women in the workforce
23%
Carbon reduction policy
Yes
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Global Presence: Air Products and Chemicals Inc operates in various countries, giving it a wide customer base and diversified revenue streams.
  • Strong Brand Reputation: The company has established a strong brand image characterized by quality products and reliable services.
  • Technological Expertise: Air Products and Chemicals Inc possesses advanced technology and innovation capabilities, allowing them to develop cutting-edge solutions for customers.

Weaknesses

  • Dependence on Key Customers: A significant portion of Air Products and Chemicals Inc's revenue comes from a few major customers, making them vulnerable to changes in business relationships.
  • Limited Product Diversification: The company's product portfolio is focused on industrial gases and related equipment, which may limit growth opportunities in other industries.
  • Environmental Impact: As a chemicals company, Air Products and Chemicals Inc faces scrutiny regarding its environmental practices, which could affect its reputation and customer perception.

Opportunities

  • Increasing Demand for Renewable Energy: The global shift towards renewable energy sources presents an opportunity for Air Products and Chemicals Inc to provide solutions in the hydrogen and clean energy sectors.
  • Strategic Partnerships: Collaborating with other companies or research institutions could enhance Air Products and Chemicals Inc's technological capabilities and lead to innovative product offerings.
  • Emerging Markets: Expanding operations into emerging markets offers the potential for significant growth, particularly in regions with increasing industrialization and urbanization.

Threats

  • Intense Competition: Air Products and Chemicals Inc operates in a highly competitive industry, facing competition from both large multinational corporations and smaller regional players.
  • Regulatory Changes: Evolving regulations related to environmental standards, health and safety, and trade policies may impact the company's operations and profitability.
  • Economic Volatility: Global economic fluctuations and market uncertainties can affect Air Products and Chemicals Inc's growth prospects, investment decisions, and demand for its products.

Sources and methodology

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