LEHIGH VALLEY, Pa. – Air Products (NYSE:), a leading industrial gases company, acknowledged today the receipt of a nomination notice for director candidates from Mantle Ridge for election at the company’s 2025 Annual Meeting. The current Air Products Board of Directors is set to evaluate the nominees and will issue a formal recommendation to its shareholders in the proxy materials, which are to be filed with the Securities and Exchange Commission at a future date.
The shareholders of Air Products have been advised that no immediate action is necessary on their part regarding this development.
Air Products, with over 80 years in operation, has established itself as a significant player in the industrial gases sector, focusing on energy, environment, and emerging markets to foster a cleaner future. The company, which prides itself on being a top global supplier of hydrogen, operates in around 50 countries and reported fiscal 2024 sales of $12.1 billion. Air Products also has a reputation for its commitment to sustainability and environmental solutions, as demonstrated by its involvement in large-scale clean hydrogen projects and the sale of equipment businesses that include turbomachinery and cryogenic containers.
As of now, the company boasts a market capitalization exceeding $65 billion and employs approximately 23,000 people worldwide.
The statement from Air Products also included a cautionary note regarding forward-looking statements, reminding that such statements are not guarantees of future performance and actual results may differ materially due to various factors.
Shareholders and interested parties are directed to read the upcoming proxy statement and any related documents filed with the SEC carefully once they become available, as they will contain important information about the board nominations and the annual meeting.
This news article is based on a press release statement from Air Products.
In other recent news, Air Products & Inc. reported strong fourth-quarter results, surpassing market expectations, which led BMO Capital to maintain its Outperform rating and increase the price target to $350. The company’s fiscal year guidance, excluding the liquefied (LNG) segment, aligns with forecasts, indicating a steady course ahead. Notably, management has taken steps to address investor concerns, including the cancellation of the Texas green energy project and a pause on the sustainable aviation fuel initiative.
In further developments, Air…
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