Chemical giant Air Products and Chemicals (APD - Analyst Report) announced that it will showcase its unique gases and chemical know-how at the 104th AOCS Annual Meeting & Expo scheduled from Apr 28 to May 1 in Montreal, Canada. The demonstration will include presentations on the unique skills and awareness of the fats and oils, surfactants, detergents, and related markets.
Air Products will be co-presenting with the Farr Group of Companies to educate the AOCS attendees on hydrotreating practices for Green Diesel Production and Performance-Enhancing Functional Additives at the AOCS Expo.
The co-presenters will highlight the benefits of this newly developing technology, including the elimination of the neutralization of high FFA oils, as fatty acids are converted directly to green diesel along with the neutral oil. To gain further insight, the AOCS attendees can attend the "Hydrotreating Practices for Green Diesel Production" presentation scheduled on Apr 29.
Air Products will demonstrate safer alternatives to oxygenated solvents and alkylphenol ethoxylates, exhibiting some of the high-performance products at the company’s functional additives line in “Air Products and Chemicals Functional Additives: High Performance Tools for the Formulator’s Toolbox” scheduled on Apr 29.
Moreover, Air Products representatives will be reviewing and contrasting the classical methods of determining theoretical synergies with more rapid methods in “Shortcuts to Synergies: Using Physical Property Inflection Points as a Guide to Maximizing Performance’’ scheduled on May 1.
Few days ago, Air Products posted its second-quarter fiscal 2013 (ended Mar 31, 2013) earnings from continued operations of $1.37 a share, at par with the Zacks Consensus Estimate and higher than the year-ago earnings of $1.30 (or $1.31 per share as adjusted).
Net income from continuing operation increased 3.7% year over year to $289.3 million. Efficient cost management and execution of plans led to the increased earnings.
Revenues rose 6% year over year to $2,484.2 million, missing the Zacks Consensus Estimate of $2,585 million. Sales were aided by acquisitions. Underlying sales declined 2% due to Air Products’ previously announced decision to exit the Polyurethane Intermediates business.
Air Products’ healthy project backlog strongly positions it to achieve its long-term growth target. Given its leading position in the gases business, the company is well positioned to capitalize on the cyclical recovery in its core industrial end markets.
Air Products currently holds a short-term Zacks Rank #4 (Sell).
Other companies in the chemical industry having favorable Zacks Rank are Shin-Etsu Chemical Co., Ltd.
, LyondellBasell Industries NV
(LYB - Analyst Report
) and Eastman Chemical Co.
(EMN - Analyst Report
). While Shin-Etsu Chemical retains a Zacks Rank #1 (Strong Buy), LyondellBasell and Eastman Chemical hold a Zacks Rank #2 (Buy).