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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.05
APD's Cash to Debt is ranked lower than
92% of the 1030 Companies
in the Global Chemicals industry.

( Industry Median: 0.46 vs. APD: 0.05 )
Ranked among companies with meaningful Cash to Debt only.
APD' s Cash to Debt Range Over the Past 10 Years
Min: 0.01  Med: 0.04 Max: 0.16
Current: 0.05
0.01
0.16
Equity to Asset 0.43
APD's Equity to Asset is ranked lower than
65% of the 1001 Companies
in the Global Chemicals industry.

( Industry Median: 0.53 vs. APD: 0.43 )
Ranked among companies with meaningful Equity to Asset only.
APD' s Equity to Asset Range Over the Past 10 Years
Min: 0.31  Med: 0.41 Max: 0.46
Current: 0.43
0.31
0.46
Interest Coverage 15.13
APD's Interest Coverage is ranked lower than
56% of the 703 Companies
in the Global Chemicals industry.

( Industry Median: 26.35 vs. APD: 15.13 )
Ranked among companies with meaningful Interest Coverage only.
APD' s Interest Coverage Range Over the Past 10 Years
Min: 6.94  Med: 9.86 Max: 16.42
Current: 15.13
6.94
16.42
F-Score: 6
Z-Score: 3.40
M-Score: -2.97
WACC vs ROIC
10.09%
10.37%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 18.55
APD's Operating margin (%) is ranked higher than
89% of the 1016 Companies
in the Global Chemicals industry.

( Industry Median: 5.91 vs. APD: 18.55 )
Ranked among companies with meaningful Operating margin (%) only.
APD' s Operating margin (%) Range Over the Past 10 Years
Min: 10.25  Med: 13.85 Max: 17.17
Current: 18.55
10.25
17.17
Net-margin (%) 13.59
APD's Net-margin (%) is ranked higher than
86% of the 1018 Companies
in the Global Chemicals industry.

( Industry Median: 4.31 vs. APD: 13.59 )
Ranked among companies with meaningful Net-margin (%) only.
APD' s Net-margin (%) Range Over the Past 10 Years
Min: 7.65  Med: 10.55 Max: 12.91
Current: 13.59
7.65
12.91
ROE (%) 17.85
APD's ROE (%) is ranked higher than
80% of the 1004 Companies
in the Global Chemicals industry.

( Industry Median: 7.60 vs. APD: 17.85 )
Ranked among companies with meaningful ROE (%) only.
APD' s ROE (%) Range Over the Past 10 Years
Min: 12.85  Med: 17.39 Max: 21.59
Current: 17.85
12.85
21.59
ROA (%) 7.53
APD's ROA (%) is ranked higher than
73% of the 1037 Companies
in the Global Chemicals industry.

( Industry Median: 3.70 vs. APD: 7.53 )
Ranked among companies with meaningful ROA (%) only.
APD' s ROA (%) Range Over the Past 10 Years
Min: 4.93  Med: 7.24 Max: 8.81
Current: 7.53
4.93
8.81
ROC (Joel Greenblatt) (%) 17.86
APD's ROC (Joel Greenblatt) (%) is ranked higher than
64% of the 1029 Companies
in the Global Chemicals industry.

( Industry Median: 11.80 vs. APD: 17.86 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
APD' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 12.57  Med: 17.14 Max: 21.46
Current: 17.86
12.57
21.46
Revenue Growth (3Y)(%) 0.60
APD's Revenue Growth (3Y)(%) is ranked lower than
62% of the 893 Companies
in the Global Chemicals industry.

( Industry Median: 3.20 vs. APD: 0.60 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
APD' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -2.2  Med: 4.90 Max: 12.3
Current: 0.6
-2.2
12.3
EBITDA Growth (3Y)(%) 6.30
APD's EBITDA Growth (3Y)(%) is ranked higher than
56% of the 792 Companies
in the Global Chemicals industry.

( Industry Median: 3.70 vs. APD: 6.30 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
APD' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -9.6  Med: 4.00 Max: 13.6
Current: 6.3
-9.6
13.6
EPS Growth (3Y)(%) 8.10
APD's EPS Growth (3Y)(%) is ranked higher than
57% of the 722 Companies
in the Global Chemicals industry.

( Industry Median: 4.40 vs. APD: 8.10 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
APD' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -33  Med: 4.50 Max: 50.5
Current: 8.1
-33
50.5
» APD's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2015

APD Guru Trades in Q1 2015

Caxton Associates 10,000 sh (New)
First Eagle Investment 243,500 sh (New)
John Griffin 1,595,000 sh (+54.11%)
Andreas Halvorsen 7,848,566 sh (+46.42%)
Whitney Tilson 29,728 sh (+15.75%)
Louis Moore Bacon 27,429 sh (+15.13%)
Chris Davis 1,763 sh (+0.51%)
Dodge & Cox 10,100 sh (unchged)
Westport Asset Management 157,500 sh (unchged)
Bill Ackman 20,549,076 sh (unchged)
Jim Simons Sold Out
Paul Tudor Jones Sold Out
Mario Gabelli 4,025 sh (-0.62%)
Steven Cohen 329,075 sh (-53.92%)
» More
Q2 2015

APD Guru Trades in Q2 2015

James Barrow 2,000 sh (New)
Ray Dalio 13,569 sh (New)
Jim Simons 142,500 sh (New)
Paul Tudor Jones 6,202 sh (New)
First Eagle Investment 269,300 sh (+10.60%)
Mario Gabelli 4,275 sh (+6.21%)
Louis Moore Bacon 28,517 sh (+3.97%)
Chris Davis 1,773 sh (+0.57%)
Whitney Tilson 29,728 sh (unchged)
Bill Ackman 20,549,076 sh (unchged)
Westport Asset Management 157,500 sh (unchged)
John Griffin 1,595,000 sh (unchged)
Caxton Associates Sold Out
Andreas Halvorsen 5,905,719 sh (-24.75%)
Dodge & Cox 6,100 sh (-39.60%)
Steven Cohen 182,600 sh (-44.51%)
» More
Q3 2015

APD Guru Trades in Q3 2015

James Barrow 7,625,459 sh (+381172.95%)
Steven Cohen 322,715 sh (+76.73%)
First Eagle Investment 450,705 sh (+67.36%)
Paul Tudor Jones 8,674 sh (+39.86%)
Chris Davis 1,783 sh (+0.56%)
Andreas Halvorsen 5,917,221 sh (+0.19%)
Dodge & Cox 6,100 sh (unchged)
Bill Ackman 20,549,076 sh (unchged)
John Griffin 1,595,000 sh (unchged)
Mario Gabelli 4,275 sh (unchged)
Louis Moore Bacon Sold Out
Ray Dalio Sold Out
Whitney Tilson 26,688 sh (-10.23%)
Jim Simons 126,500 sh (-11.23%)
Westport Asset Management 110,000 sh (-30.16%)
» More
Q4 2015

APD Guru Trades in Q4 2015

James Barrow 9,349,207 sh (+22.61%)
Mario Gabelli 2,675 sh (-37.43%)
» More
» Details

Insider Trades

Latest Guru Trades with APD

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Guru Investment Theses on Air Products & Chemicals Inc

Bill Ackman Comments on Air Products and Chemicals - Sep 11, 2015

Air Products and Chemicals, Inc. (NYSE:APD)



Air Products announced impressive fiscal third quarter results. APD is making substantial improvements as the transformation under CEO Seifi Ghasemi takes effect. During the quarter, revenue, operating income, unlevered return on capital, and earnings per share increased substantially despite meaningful foreign exchange headwinds.



Most of APD’s volume growth was generated in Asia from new plants coming online. APD has made large capital expenditures in recent years which we expect, as new plants come online, to produce meaningful free cash flow and contribute substantially to intrinsic value over the coming years.



The quarter’s operating margins reached 19.5%, the highest quarterly operating margin in over 25 years. While much of Air Products’ recent margin improvement have been generated from its non-core Materials Technology business, this quarter’s results showed broad improvements in both the Industrial Gas and Materials Technology businesses.



The Materials Technology segment continues to perform well with underlying revenue up 7% (4% volume, 3% price) and margins up by six percentage points to 24.4%. This drove a 36% increase in pre-tax profits. Materials Technology is being positioned for its eventual independence from APD which we expect will take place in a spinoff or similar transaction.



Seifi has set a goal to make Air Products the safest and most profitable industrial gas company in the world. To achieve this goal, Air Products intends to reduce its cost base by $600 million to close its historical performance gap with its competitor Praxair. The cost savings associated with selling and corporate expenses are expected to total $300 million of this opportunity, and will be fully achieved on a run-rate basis by fiscal second quarter 2016 as the company has already taken action to realize much of these savings. The remaining $300 million of savings will come from operational productivity which is expected to be realized over the coming four years. This is the first time Seifi has set a definitive timeline on closing the performance gap with Praxair.



APD is an extremely high quality business run by talented management. We continue to believe there is substantial upside for long-term shareholders.



From Pershing Square's semi-annual 2015 report.



Check out Bill Ackman latest stock trades

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Ratios

vs
industry
vs
history
P/E(ttm) 22.45
APD's P/E(ttm) is ranked lower than
67% of the 1151 Companies
in the Global Chemicals industry.

( Industry Median: 18.32 vs. APD: 22.45 )
Ranked among companies with meaningful P/E(ttm) only.
APD' s P/E(ttm) Range Over the Past 10 Years
Min: 10.72  Med: 20.07 Max: 33.11
Current: 22.45
10.72
33.11
Forward P/E 16.86
APD's Forward P/E is ranked lower than
68% of the 509 Companies
in the Global Chemicals industry.

( Industry Median: 12.71 vs. APD: 16.86 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 22.45
APD's PE(NRI) is ranked lower than
63% of the 883 Companies
in the Global Chemicals industry.

( Industry Median: 16.50 vs. APD: 22.45 )
Ranked among companies with meaningful PE(NRI) only.
APD' s PE(NRI) Range Over the Past 10 Years
Min: 8.92  Med: 19.70 Max: 33.19
Current: 22.45
8.92
33.19
P/B 3.99
APD's P/B is ranked lower than
86% of the 1263 Companies
in the Global Chemicals industry.

( Industry Median: 1.48 vs. APD: 3.99 )
Ranked among companies with meaningful P/B only.
APD' s P/B Range Over the Past 10 Years
Min: 1.85  Med: 3.14 Max: 4.6
Current: 3.99
1.85
4.6
P/S 3.06
APD's P/S is ranked lower than
88% of the 1267 Companies
in the Global Chemicals industry.

( Industry Median: 0.86 vs. APD: 3.06 )
Ranked among companies with meaningful P/S only.
APD' s P/S Range Over the Past 10 Years
Min: 0.93  Med: 1.97 Max: 3.25
Current: 3.06
0.93
3.25
PFCF 29.47
APD's PFCF is ranked lower than
66% of the 765 Companies
in the Global Chemicals industry.

( Industry Median: 18.00 vs. APD: 29.47 )
Ranked among companies with meaningful PFCF only.
APD' s PFCF Range Over the Past 10 Years
Min: 16.34  Med: 53.28 Max: 859.46
Current: 29.47
16.34
859.46
POCF 11.72
APD's POCF is ranked lower than
55% of the 1014 Companies
in the Global Chemicals industry.

( Industry Median: 10.17 vs. APD: 11.72 )
Ranked among companies with meaningful POCF only.
APD' s POCF Range Over the Past 10 Years
Min: 5.79  Med: 11.72 Max: 16.04
Current: 11.72
5.79
16.04
EV-to-EBIT 17.87
APD's EV-to-EBIT is ranked lower than
64% of the 1204 Companies
in the Global Chemicals industry.

( Industry Median: 12.83 vs. APD: 17.87 )
Ranked among companies with meaningful EV-to-EBIT only.
APD' s EV-to-EBIT Range Over the Past 10 Years
Min: 8.3  Med: 15.80 Max: 25.8
Current: 17.87
8.3
25.8
EV-to-EBITDA 12.00
APD's EV-to-EBITDA is ranked lower than
62% of the 1240 Companies
in the Global Chemicals industry.

( Industry Median: 10.24 vs. APD: 12.00 )
Ranked among companies with meaningful EV-to-EBITDA only.
APD' s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.4  Med: 9.90 Max: 16
Current: 12
5.4
16
PEG 9.57
APD's PEG is ranked lower than
88% of the 411 Companies
in the Global Chemicals industry.

( Industry Median: 2.00 vs. APD: 9.57 )
Ranked among companies with meaningful PEG only.
APD' s PEG Range Over the Past 10 Years
Min: 0.69  Med: 3.67 Max: 36.19
Current: 9.57
0.69
36.19
Shiller P/E 27.50
APD's Shiller P/E is ranked lower than
54% of the 210 Companies
in the Global Chemicals industry.

( Industry Median: 24.67 vs. APD: 27.50 )
Ranked among companies with meaningful Shiller P/E only.
APD' s Shiller P/E Range Over the Past 10 Years
Min: 14.72  Med: 25.46 Max: 35.71
Current: 27.5
14.72
35.71
Current Ratio 0.78
APD's Current Ratio is ranked lower than
87% of the 1012 Companies
in the Global Chemicals industry.

( Industry Median: 1.74 vs. APD: 0.78 )
Ranked among companies with meaningful Current Ratio only.
APD' s Current Ratio Range Over the Past 10 Years
Min: 0.78  Med: 1.29 Max: 1.73
Current: 0.78
0.78
1.73
Quick Ratio 0.59
APD's Quick Ratio is ranked lower than
83% of the 1012 Companies
in the Global Chemicals industry.

( Industry Median: 1.22 vs. APD: 0.59 )
Ranked among companies with meaningful Quick Ratio only.
APD' s Quick Ratio Range Over the Past 10 Years
Min: 0.59  Med: 0.99 Max: 1.35
Current: 0.59
0.59
1.35
Days Inventory 37.07
APD's Days Inventory is ranked higher than
82% of the 983 Companies
in the Global Chemicals industry.

( Industry Median: 65.87 vs. APD: 37.07 )
Ranked among companies with meaningful Days Inventory only.
APD' s Days Inventory Range Over the Past 10 Years
Min: 26.67  Med: 34.88 Max: 41.5
Current: 37.07
26.67
41.5
Days Sales Outstanding 48.54
APD's Days Sales Outstanding is ranked higher than
61% of the 822 Companies
in the Global Chemicals industry.

( Industry Median: 59.63 vs. APD: 48.54 )
Ranked among companies with meaningful Days Sales Outstanding only.
APD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 51.37  Med: 57.02 Max: 72.62
Current: 48.54
51.37
72.62
Days Payable 34.75
APD's Days Payable is ranked lower than
70% of the 876 Companies
in the Global Chemicals industry.

( Industry Median: 50.13 vs. APD: 34.75 )
Ranked among companies with meaningful Days Payable only.
APD' s Days Payable Range Over the Past 10 Years
Min: 33.58  Med: 50.09 Max: 93.34
Current: 34.75
33.58
93.34

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.38
APD's Dividend Yield is ranked higher than
66% of the 1146 Companies
in the Global Chemicals industry.

( Industry Median: 2.08 vs. APD: 2.38 )
Ranked among companies with meaningful Dividend Yield only.
APD' s Dividend Yield Range Over the Past 10 Years
Min: 1.49  Med: 2.29 Max: 3.83
Current: 2.38
1.49
3.83
Dividend Payout 0.54
APD's Dividend Payout is ranked lower than
73% of the 743 Companies
in the Global Chemicals industry.

( Industry Median: 0.33 vs. APD: 0.54 )
Ranked among companies with meaningful Dividend Payout only.
APD' s Dividend Payout Range Over the Past 10 Years
Min: 0.2  Med: 0.40 Max: 1.92
Current: 0.54
0.2
1.92
Dividend Growth (3y) 8.60
APD's Dividend Growth (3y) is ranked higher than
65% of the 474 Companies
in the Global Chemicals industry.

( Industry Median: 3.20 vs. APD: 8.60 )
Ranked among companies with meaningful Dividend Growth (3y) only.
APD' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 5.4  Med: 10.10 Max: 15.1
Current: 8.6
5.4
15.1
Forward Dividend Yield 2.38
APD's Forward Dividend Yield is ranked higher than
64% of the 1039 Companies
in the Global Chemicals industry.

( Industry Median: 2.20 vs. APD: 2.38 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 3.94
APD's Yield on cost (5-Year) is ranked higher than
72% of the 1167 Companies
in the Global Chemicals industry.

( Industry Median: 2.50 vs. APD: 3.94 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
APD' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 2.48  Med: 3.81 Max: 6.37
Current: 3.94
2.48
6.37
3-Year Average Share Buyback Ratio -0.40
APD's 3-Year Average Share Buyback Ratio is ranked higher than
58% of the 544 Companies
in the Global Chemicals industry.

( Industry Median: -0.90 vs. APD: -0.40 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
APD' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -1.4  Med: 0.20 Max: 2.1
Current: -0.4
-1.4
2.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 5.10
APD's Price/Tangible Book is ranked lower than
81% of the 1210 Companies
in the Global Chemicals industry.

( Industry Median: 1.71 vs. APD: 5.10 )
Ranked among companies with meaningful Price/Tangible Book only.
APD' s Price/Tangible Book Range Over the Past 10 Years
Min: 2.47  Med: 3.83 Max: 5.78
Current: 5.1
2.47
5.78
Price/Projected FCF 2.86
APD's Price/Projected FCF is ranked lower than
82% of the 683 Companies
in the Global Chemicals industry.

( Industry Median: 1.13 vs. APD: 2.86 )
Ranked among companies with meaningful Price/Projected FCF only.
APD' s Price/Projected FCF Range Over the Past 10 Years
Min: 1.22  Med: 2.16 Max: 3.56
Current: 2.86
1.22
3.56
Price/DCF (Earnings Based) 2.12
APD's Price/DCF (Earnings Based) is ranked lower than
76% of the 108 Companies
in the Global Chemicals industry.

( Industry Median: 1.39 vs. APD: 2.12 )
Ranked among companies with meaningful Price/DCF (Earnings Based) only.
N/A
Price/Median PS Value 1.55
APD's Price/Median PS Value is ranked lower than
71% of the 1267 Companies
in the Global Chemicals industry.

( Industry Median: 1.06 vs. APD: 1.55 )
Ranked among companies with meaningful Price/Median PS Value only.
APD' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.55  Med: 0.93 Max: 1.62
Current: 1.55
0.55
1.62
Price/Graham Number 2.26
APD's Price/Graham Number is ranked lower than
74% of the 1011 Companies
in the Global Chemicals industry.

( Industry Median: 1.12 vs. APD: 2.26 )
Ranked among companies with meaningful Price/Graham Number only.
APD' s Price/Graham Number Range Over the Past 10 Years
Min: 1.24  Med: 1.86 Max: 5.94
Current: 2.26
1.24
5.94
Earnings Yield (Greenblatt) (%) 5.62
APD's Earnings Yield (Greenblatt) (%) is ranked lower than
51% of the 1021 Companies
in the Global Chemicals industry.

( Industry Median: 5.80 vs. APD: 5.62 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
APD' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 3.9  Med: 6.30 Max: 12
Current: 5.62
3.9
12
Forward Rate of Return (Yacktman) (%) 3.30
APD's Forward Rate of Return (Yacktman) (%) is ranked higher than
52% of the 558 Companies
in the Global Chemicals industry.

( Industry Median: 1.74 vs. APD: 3.30 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
APD' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: 2.1  Med: 7.40 Max: 16.9
Current: 3.3
2.1
16.9

More Statistics

Revenue(Mil) $9895
EPS $ 5.88
Beta1.34
Short Percentage of Float1.57%
52-Week Range $114.64 - 158.20
Shares Outstanding(Mil)215.65

Analyst Estimate

Sep16 Sep17 Sep18
Revenue(Mil) 10,109 10,616 11,192
EPS($) 7.31 8.08 8.82
EPS without NRI($) 7.31 8.08 8.82

Latest Earnings Webcast

» More Conference Calls

Business Description

Industry: Chemicals » Chemicals
Compare:BASFY, DD, SHECY, URALL, CE » details
Traded in other countries:AP3.Germany,
Air Products & Chemicals Inc was incorporated in Delaware in 1940. The Company is a supplier of hydrogen and helium. It also provides semiconductor materials, refinery hydrogen, natural gas liquefaction and advanced coatings and adhesives. It serves technology, energy, industrial, and healthcare customers with a portfolio of products, services and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services. It manages its operations, assesses performance, and reports earnings under four business segments: Merchant Gases, Tonnage Gases, Electronics and Performance Materials and Equipment and Energy. Merchant Gases sells atmospheric gases such as oxygen, nitrogen, and argon, process gases such as hydrogen and helium, and medical and specialty gases, along with certain services and equipment, throughout the world to customers in many industries, including those in metals, glass, chemical processing, food processing, healthcare, steel, general manufacturing, and petroleum and natural gas industries. Merchant Gases includes the following types of products: Liquid bulk, packaged gases and Small on-site plants. Tonnage Gases provides hydrogen, carbon monoxide, nitrogen, oxygen, and syngas to the energy production and refining, chemical, and metallurgical industries. Electronics and Performance Materials segment provides the electronics industry with specialty gases such as nitrogen trifluoride, silane, arsine, phosphine, white ammonia, silicon tetrafluoride, carbon tetrafluoride, hexafluoromethane, critical etch gases and tungsten hexafluoride as well as specialty chemicals, services and equipment for the manufacture of silicon and compound semiconductors, thin film transistor liquid crystal displays, and photovoltaic devices. Equipment and Energy designs and manufactures cryogenic and gas processing equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction and helium and serves energy markets.The Company is subject to federal, state, local, and foreign environmental and safety laws and regulations concerning, among other things, emissions in the air; discharges to land and water; and the generation, handling, treatment and disposal of hazardous waste and other materials.
» More Articles for APD

Headlines

Articles On GuruFocus.com
Pershing Square's New Presentation, Part 1 Jan 29 2016 
Dividend Aristocrats Part 40: Air Products & Chemicals Jan 06 2016 
Bill Ackman's 3rd Quarter Letter to Pershing Square Shareholders Dec 21 2015 
Bill Ackman's Pershing Square 3rd Quarter Letter to Shareholders Dec 16 2015 
Examining Pershing Square's Top 3 Holdings Dec 07 2015 
James Barrow Acquires Nearly 13 Million Shares of United Technologies Nov 24 2015 
Westport Sticks to Sales in Quarterly Transactions Nov 11 2015 
Jim Simons Buys Air Products in Q2 Sep 13 2015 
Bill Ackman Comments on Air Products and Chemicals Sep 11 2015 
Bill Ackman's Semi-Annual 2015 Letter to Pershing Square Investors Sep 11 2015 

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