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Air Products to Discuss Latest LNG Technology Innovations
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Air Products (APD - Free Report) has announced plans to demonstrate the latest innovations in liquefied natural gas (LNG) technology at the Gastech Conference & Exhibition in Tokyo through Apr 4–7. Air Products, a world leader in LNG technology and equipment provides solutions for the entire range of LNG plants.
Per sources, the company’s industry specialists will make presentations on Innovative precooling strategies for efficient natural gas liquefaction”, “Innovative liquefaction technology for floating LNG” and “Flare reduction and availability improvement using Novel automated main cryogenic heat exchanger cooldown technology”.
Air Products has been a provider of equipment and technology for the world's first floating LNG facility. The company had built a second LNG equipment manufacturing facility in Manatee County, FL, where access to port services enable it to manufacture larger LNG heat exchangers which are in demand. In Sep 2016, the company rolled out the first LNG heat exchanger produced at the Port Manatee facility, which was shipped by barge to a location on the U.S. Gulf Coast for a major LNG terminal project.
Air Products has underperformed the Zacks categorized Chemicals-Diversified industry over the past three months. The company’s shares have declined around 5.7% over this period, compared with roughly 9.1% gain recorded by the industry.
However, Air Product’s industrial gases business in the EMEA region is witnessing pressure from a weak operating environment. The company is also seeing lower volumes in Latin America due to weak demand. Moreover, volumes in packaged gases continue to be weak while LNG sales remain under pressure due to low project activity. The company is also exposed to currency headwinds and has a debt-laden balance sheet.
Air Products missed earnings expectations in first-quarter fiscal 2017 (ended Dec 31, 2016). The company logged first-quarter adjusted earnings of $1.47 per share, up 9% from the year-ago quarter. However, earnings missed the Zacks Consensus Estimate of $1.48. Revenues inched up 1% year over year to $1.88 billion in the reported quarter but missed the Zacks Consensus Estimate of $1.96 billion.
Air Products and Chemicals, Inc. Price and Consensus
Arkema has an expected long-term growth of 12.4% and flaunts a Zacks Rank #1.
Albemarle has an expected long-term growth of 13.8% and carries a Zacks Rank #2 (Buy).
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Air Products to Discuss Latest LNG Technology Innovations
Air Products (APD - Free Report) has announced plans to demonstrate the latest innovations in liquefied natural gas (LNG) technology at the Gastech Conference & Exhibition in Tokyo through Apr 4–7. Air Products, a world leader in LNG technology and equipment provides solutions for the entire range of LNG plants.
Per sources, the company’s industry specialists will make presentations on Innovative precooling strategies for efficient natural gas liquefaction”, “Innovative liquefaction technology for floating LNG” and “Flare reduction and availability improvement using Novel automated main cryogenic heat exchanger cooldown technology”.
Air Products has been a provider of equipment and technology for the world's first floating LNG facility. The company had built a second LNG equipment manufacturing facility in Manatee County, FL, where access to port services enable it to manufacture larger LNG heat exchangers which are in demand. In Sep 2016, the company rolled out the first LNG heat exchanger produced at the Port Manatee facility, which was shipped by barge to a location on the U.S. Gulf Coast for a major LNG terminal project.
Air Products has underperformed the Zacks categorized Chemicals-Diversified industry over the past three months. The company’s shares have declined around 5.7% over this period, compared with roughly 9.1% gain recorded by the industry.
However, Air Product’s industrial gases business in the EMEA region is witnessing pressure from a weak operating environment. The company is also seeing lower volumes in Latin America due to weak demand. Moreover, volumes in packaged gases continue to be weak while LNG sales remain under pressure due to low project activity. The company is also exposed to currency headwinds and has a debt-laden balance sheet.
Air Products missed earnings expectations in first-quarter fiscal 2017 (ended Dec 31, 2016). The company logged first-quarter adjusted earnings of $1.47 per share, up 9% from the year-ago quarter. However, earnings missed the Zacks Consensus Estimate of $1.48. Revenues inched up 1% year over year to $1.88 billion in the reported quarter but missed the Zacks Consensus Estimate of $1.96 billion.
Air Products and Chemicals, Inc. Price and Consensus
Air Products and Chemicals, Inc. Price and Consensus | Air Products and Chemicals, Inc. Quote
Zacks Rank & Key Picks
Air Products currently carries a Zacks Rank #4 (Sell).
Better-ranked companies in the chemical space include Univar Inc. , Arkema S.A. (ARKAY - Free Report) and Albemarle Corporation (ALB - Free Report) .
Univar has an expected long-term growth of 9.4% and sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Arkema has an expected long-term growth of 12.4% and flaunts a Zacks Rank #1.
Albemarle has an expected long-term growth of 13.8% and carries a Zacks Rank #2 (Buy).
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>