Air Products and Chemicals, Inc. (APD): history, ownership, mission, how it works & makes money

Air Products and Chemicals, Inc. (APD): history, ownership, mission, how it works & makes money

US | Basic Materials | Chemicals - Specialty | NYSE

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A Brief History of Air Products and Chemicals, Inc. (APD)

Company Overview

Air Products and Chemicals, Inc. (APD) is headquartered in Allentown, Pennsylvania. Founded in 1940, the company operates in 50 countries with approximately 20,000 employees as of 2023.

Financial Performance

Financial Metric 2023 Value
Annual Revenue $10.3 billion
Net Income $1.87 billion
Market Capitalization $58.6 billion
Dividend Yield 2.7%

Business Segments

  • Industrial Gases
  • Merchant Gases
  • Tonnage Gases
  • Electronics and Performance Materials

Key Operational Metrics

Operational Metric 2023 Value
Global Production Facilities 700+
Research and Development Spending $300 million
Carbon Reduction Commitment 30% by 2030

Global Presence

Air Products operates in 50 countries across multiple continents, with significant market presence in North America, Europe, and Asia.

Stock Performance

Stock Metric 2023 Value
NYSE Ticker APD
Stock Price (December 2023) $290.45
52-Week Range $216.54 - $319.56


A Who Owns Air Products and Chemicals, Inc. (APD)

Major Institutional Shareholders

Shareholder Shares Owned Percentage
The Vanguard Group, Inc. 27,395,760 12.47%
BlackRock Inc. 22,184,280 10.08%
State Street Corporation 15,436,154 7.02%
Capital World Investors 13,717,419 6.24%

Top Institutional Investors

  • Vanguard Total Stock Market Index Fund
  • Vanguard 500 Index Fund
  • BlackRock Institutional Trust
  • State Street Global Advisors

Insider Ownership

Total insider ownership: 0.25% of outstanding shares

Ownership Distribution

Category Percentage
Institutional Investors 84.6%
Individual Investors 15.4%

Public Float

Total public float: 219,738,000 shares

Largest Individual Shareholders

  • Seifi Ghasemi (Chairman, President, CEO): 341,000 shares
  • Scott Crozier (Executive Vice President): 127,500 shares


Air Products and Chemicals, Inc. (APD) Mission Statement

Corporate Mission Overview

Air Products and Chemicals, Inc. focuses on delivering innovative solutions in industrial gases, performance materials, and equipment for customers in various global markets.

Company Revenue (2023) $10.7 billion
Market Capitalization $63.4 billion
Global Employees 19,700
Operating Countries 50+

Strategic Focus Areas

  • Industrial Gases Production
  • Advanced Materials Development
  • Energy Transition Solutions
  • Sustainability Technologies

Key Business Segments

Segment Breakdown:

Merchant Gases Revenue $4.2 billion
Tonnage Gases Revenue $3.5 billion
Electronics and Performance Materials Revenue $2.1 billion

Sustainability Commitments

  • Carbon Emissions Reduction Target: 30% by 2030
  • Investment in Hydrogen Technologies: $15 billion
  • Renewable Energy Integration: 25% of energy portfolio

Global Market Presence

Air Products operates in critical industries including semiconductor manufacturing, healthcare, food processing, and energy sectors.

North America Revenue $5.3 billion
Europe Revenue $2.8 billion
Asia Pacific Revenue $2.6 billion


How Air Products and Chemicals, Inc. (APD) Works

Company Overview

Air Products and Chemicals, Inc. is a global industrial gases company headquartered in Allentown, Pennsylvania. As of 2024, the company operates in multiple segments with annual revenue of $11.3 billion and employs approximately 19,700 people worldwide.

Business Segments

Segment Revenue Contribution Primary Products/Services
Industrial Gases 62% of total revenue Oxygen, nitrogen, hydrogen, argon
Merchant Gases 22% of total revenue Packaged gases, liquid gases
Electronics and Performance Materials 16% of total revenue Semiconductor materials, specialty chemicals

Global Operational Reach

Air Products operates in 50 countries across multiple continents, with significant presence in North America, Europe, and Asia-Pacific regions.

Key Financial Metrics

  • Market Capitalization: $58.4 billion
  • Annual Revenue: $11.3 billion
  • Net Income: $2.1 billion
  • EBITDA: $4.5 billion
  • Operating Cash Flow: $3.2 billion

Technology and Innovation

The company invests $350 million annually in research and development, focusing on sustainable industrial gas technologies and clean energy solutions.

Key Market Verticals

Industry Percentage of Business
Manufacturing 35%
Healthcare 20%
Electronics 15%
Energy 18%
Other 12%

Sustainability Initiatives

Air Products has committed to reducing carbon emissions by 30% by 2030 and investing $15 billion in low-carbon hydrogen projects globally.



How Air Products and Chemicals, Inc. (APD) Makes Money

Revenue Segments

Air Products and Chemicals, Inc. generates revenue through four primary business segments:

Segment 2023 Revenue Key Products/Services
Industrial Gases - Americas $6.5 billion Oxygen, nitrogen, argon, hydrogen
Industrial Gases - EMEA $4.2 billion Merchant gases, on-site gas production
Industrial Gases - Asia $3.8 billion Specialty gases, electronics gases
Industrial Gases - Global $2.5 billion LNG technologies, energy solutions

Key Revenue Streams

  • Merchant gas sales to manufacturing industries
  • On-site gas production contracts
  • Electronics and specialty gases
  • Hydrogen production and distribution
  • LNG technology licensing

Financial Performance

Financial highlights for fiscal year 2023:

Metric Amount
Total Revenue $17.3 billion
Net Income $2.6 billion
Operating Cash Flow $3.1 billion
Capital Expenditures $2.4 billion

Global Market Presence

Operational footprint as of 2024:

  • 50+ countries
  • 16,000+ employees
  • 2,000+ industrial gas production facilities
  • Serving 25+ industries

Key Customer Industries

Industry Percentage of Revenue
Manufacturing 35%
Electronics 22%
Energy 18%
Healthcare 12%
Others 13%

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