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Air Products (APD) to Display LNG Equipments at Gastech

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Air Products and Chemicals, Inc.  (APD - Free Report) announced that it will feature its world-leading liquefied natural gas (“LNG”) process technology and equipment at the Gastech conference and exhibition. The company will also showcase some of its recent LNG developments and innovations at the convention. The exhibition will take place between Sep 21 and Sep 23 at the Dubai World Trade Centre, United Arab Emirates.

Air Products' industry specialists will share information on a wide array of its products and services for the successful design, construction, start-up and operation of an LNG facility. Its efficient liquefaction processes and equipment consist of mega-trains, mid-size and small trains, modular designs as well as designs appropriate for offshore service and processes for a broad range of feedgas compositions and ambient conditions.

Specialists from Rotoflow, an Air Products business, will also discuss turbomachinery needs. Rotoflow works with the company’s LNG equipment and cycle experts to facilitate seamless product development and optimal liquefier performance for end users. The company will showcase Rotoflow hydraulic turbines at the exhibition as well.

Rotoflow is one of the industry's most trusted names in turbomachinery. It has been designing, building and operating turbomachinery for more than 125 combined years, resulting in superior equipment performance, reliability, safety and value.

Air Products supplies process technologies and key equipment for the natural gas liquefaction process for large export plants, small- and mid-sized LNG plants, floating LNG plants and LNG peak shavers.

Shares of Air Products have declined 9.8% in the past year against a 21.8% rise of the industry.

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Air Products, in its last earnings call, stated that it expects adjusted earnings per share of $8.95-$9.05 for fiscal 2021 and $2.44-$2.54 for fourth-quarter fiscal 2021. The company expects capital spending of roughly $2.5 billion for the fiscal, excluding the Jazan transaction.

 

Zacks Rank & Key Picks

Air Products currently carries a Zacks Rank #4 (Sell).

Some better-ranked stocks in the basic materials space are Nucor Corporation (NUE - Free Report) , The Chemours Company (CC - Free Report) and Olin Corporation (OLN - Free Report) .

Nucor has a projected earnings growth rate of around 508% for the current year. The company’s shares have soared 115.4% in a year. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Chemours has an expected earnings growth rate of around 86.4% for the current year. The company’s shares have gained 37% in the past year. It currently flaunts a Zacks Rank #1.

Olin has an expected earnings growth rate of around 639.3% for the current fiscal. The company’s shares have surged 261.7% in the past year. The stock currently carries a Zacks Rank #2 (Buy).