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Air Products (APD) Buys Rotoflow Turboexpander Business
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Air Products and Chemicals, Inc. (APD - Free Report) has purchased the Rotoflow turboexpander business from Baker Hughes along with all engineering and service capabilities to continue providing services to Rotoflow customers. The buyout expands the company’s existing world-scale industrial gas and LNG turboexpander capabilities into growing petrochemical, energy and hydrocarbon segments. The transaction has been closed but the financial terms of the deal have not been disclosed by the company.
Air Products has manufactured and designed more than 1,600 high-quality turboexpanders as an integral part of large industrial gas and LNG projects. Its recent projects include the world's largest industrial gases facility in Jazan, Saudi Arabia and providing the proprietary LNG technology for the floating projects off-shore Malaysia. Notably, both these projects utilize the company’s leading turboexpander technology. Per the company, the Rotoflow turboexpander and Air Products’ existing capabilities will be integrated into a new division — Rotoflow, an Air Products Business.
Air Products’ shares have gained 12.6% in the past year compared with about 6.9% rise of the industry.
Air Products, last month, raised its adjusted earnings guidance for fiscal 2018. It now anticipates adjusted earnings in the range of $7.40-$7.45 per share (reflecting an increase of 17-18% from the prior-year level), up from the previous range of $7.25-$7.40. The company projects adjusted earnings in the band of $1.95-$2.00 for the fiscal fourth quarter, up 11-14% year over year. It also expects capital expenditure of $1.8-$2 billion for fiscal 2018.
Air Products’ strong balance sheet and cash flows will allow it to make strong investments in the next few years. The company has a capacity to deploy at least $15 billion in high-return investments over the next five years, which will boost shareholders’ value. In addition, strategic investments in high-return projects, new business deals and acquisitions are expected to drive results in fiscal 2018.
Air Products and Chemicals, Inc. Price and Consensus
Huntsman has an expected long-term earnings growth rate of 8.5%. Its shares have returned 19% in a year.
Ingevity has an expected long-term earnings growth rate of 12%. Its shares have surged 62.8% in the past year.
Celanese has an expected long-term earnings growth rate of 10%. Its shares have gained 17.8% in the past year.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
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Air Products (APD) Buys Rotoflow Turboexpander Business
Air Products and Chemicals, Inc. (APD - Free Report) has purchased the Rotoflow turboexpander business from Baker Hughes along with all engineering and service capabilities to continue providing services to Rotoflow customers. The buyout expands the company’s existing world-scale industrial gas and LNG turboexpander capabilities into growing petrochemical, energy and hydrocarbon segments. The transaction has been closed but the financial terms of the deal have not been disclosed by the company.
Air Products has manufactured and designed more than 1,600 high-quality turboexpanders as an integral part of large industrial gas and LNG projects. Its recent projects include the world's largest industrial gases facility in Jazan, Saudi Arabia and providing the proprietary LNG technology for the floating projects off-shore Malaysia. Notably, both these projects utilize the company’s leading turboexpander technology. Per the company, the Rotoflow turboexpander and Air Products’ existing capabilities will be integrated into a new division — Rotoflow, an Air Products Business.
Air Products’ shares have gained 12.6% in the past year compared with about 6.9% rise of the industry.
Air Products, last month, raised its adjusted earnings guidance for fiscal 2018. It now anticipates adjusted earnings in the range of $7.40-$7.45 per share (reflecting an increase of 17-18% from the prior-year level), up from the previous range of $7.25-$7.40. The company projects adjusted earnings in the band of $1.95-$2.00 for the fiscal fourth quarter, up 11-14% year over year. It also expects capital expenditure of $1.8-$2 billion for fiscal 2018.
Air Products’ strong balance sheet and cash flows will allow it to make strong investments in the next few years. The company has a capacity to deploy at least $15 billion in high-return investments over the next five years, which will boost shareholders’ value. In addition, strategic investments in high-return projects, new business deals and acquisitions are expected to drive results in fiscal 2018.
Air Products and Chemicals, Inc. Price and Consensus
Air Products and Chemicals, Inc. Price and Consensus | Air Products and Chemicals, Inc. Quote
Zacks Rank & Other Stocks to Consider
Air Products currently carries a Zacks Rank #2 (Buy).
A few other top-ranked stocks in the basic materials space are Huntsman Corporation (HUN - Free Report) , Ingevity Corporation (NGVT - Free Report) and Celanese Corporation (CE - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Huntsman has an expected long-term earnings growth rate of 8.5%. Its shares have returned 19% in a year.
Ingevity has an expected long-term earnings growth rate of 12%. Its shares have surged 62.8% in the past year.
Celanese has an expected long-term earnings growth rate of 10%. Its shares have gained 17.8% in the past year.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>