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Air Products to Unveil New Gas Density Sensor at Powdermet

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Air Products and Chemicals Inc. (APD - Free Report) will showcase a new gas density sensor at Powdermet 2018, the International Conference on Powder Metallurgy & Particulate Materials, to be held from June 17-20 in San Antonio, TX.

The sensor comes with the ability to measure the hydrogen concentration in sintering furnaces that utilize a nitrogen-hydrogen blend as the hot zone atmosphere. It is important for the furnace to be continuously measured and controlled. This will help the metals processors to improve quality control, reduce costs and comply with regulatory requirements.

The features and benefits of the sensor will be discussed in the conference by one of the company’s representatives. The session will also include beta test results by continuously measuring an industrial sintering furnace atmosphere composition in order to achieve better production process control and consistent product quality.

Air Products’ shares have moved up 15.4% over a year, outperforming the industry’s 11.9% growth.

In April, Air Products raised its fiscal 2018 earnings outlook, taking expected contributions from the Lu'An syngas project into account. The company now expects adjusted earnings in the range of $7.25-$7.40 per share (a 15-17% increase from the prior year), up from its earlier view of $7.15-$7.35.

Moreover, the company expects adjusted earnings in the band of $1.80-$1.85 per share for the fiscal third quarter, up 9-12% year over year. It also foresees capital expenditure of $1.8-$2 billion for fiscal 2018.

Air Products has built a strong project backlog. These projects are expected to be accretive to earnings and cash flow, as they come on stream over the next few years. The company will also benefit from its actions to cut operational costs. Moreover, strategic investments in high-return projects, new business deals and acquisitions should drive results in fiscal 2018.

Air Products and Chemicals, Inc. Price and Consensus


Zacks Rank & Stocks to Consider

Air Products currently carries a Zacks Rank #3 (Hold).

Some better-ranked companies in the basic materials space are FMC Corp. (FMC - Free Report) , Celanese Corp. (CE - Free Report) and The Chemours Company (CC - Free Report) . All three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

FMC Corp has an expected long-term earnings growth rate of 16.4%. Its shares have gained around 17.1% over a year.

Celanese has an expected long-term earnings growth rate of 8.9%. Its shares have moved up around 27.9% over a year.

Chemours has an expected long-term earnings growth rate of 15.5%. Its shares have gained around 22.3% over a year.

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