Specialty chemical company
Air Products & Chemicals Inc.
) announced the launch of a new microsite, containing information
about food processors, engaged in producing freezing products.
The microsite comprises tools and videos that can help them
maximize their operations and improve product quality.
One of the quintessential features of the site is a Freeze Time
Calculator, which illustrates the benefits of liquid nitrogen
freezing or chilling. The customers can compare freeze time and
footprint for liquid nitrogen versus mechanical system by
supplying specific information, such as type of food, and
starting and ending temperatures, in the site. The customers can
also access the Food Lab Scheduler and can try a product at one
of Air Products' food labs.
The microsite also offers a library that includes articles, white
papers, and customer testimonials. Further, it also provides
videos, which explain how liquid nitrogen freezing works. The
videos primarily demonstrate the advantages of continuous or
process freezing compared to storage freezing. It also depicts
various advantages of food freezing using liquid nitrogen.
Air Products provides atmospheric, process and specialty
gases; performance materials; equipment; and technology products.
Last month, the company released its fourth quarter and fiscal
2012 results. It logged adjusted earnings from continued
operations of $1.42 a share for the quarter ended September 30,
2012, missing the Zacks Consensus Estimate by a couple of
Consolidated net income, as reported, plunged 57% year over
year to $138.7 million or 65 cents a share, pummeled by hefty
one-time charges. The company reported a profit of $324.8 million
or $1.51 a share a year ago.
Revenues rose 4% to $2,606 million, beating the Zacks
Consensus Estimate of $2,574 million. The revenue growth was
attributable to higher volumes in the Tonnage Gases, Equipment
and Energy, and Electronics and Performance Materials divisions
as well as sales increases due to acquisitions, partly offset by
the impact of unfavorable currency. The company witnessed
sluggish manufacturing activity in the quarter.
For fiscal 2012, the company reported adjusted earnings of
$5.40 a share that missed the Zacks Consensus Estimate of $5.42
but exceeded the year-ago level of $5.36. Sales for the year
edged down 1% year over year to $9,612 million, but beat the
Zacks Consensus Estimate of $9,577 million.
For fiscal 2013, Air Products plans to take a number of steps
including execution of its new Tonnage investments and sustained
improvement in its Electronics and Performance Materials unit to
attain better productivity.
The company expects that its recent strategic moves will act
favorably for future growth and profitability despite the weak
Air Products anticipates earnings per share between $5.65 and
$5.85 for fiscal 2013, including $1.26 and $1.31 for the first
quarter of fiscal 2013. The company also expects capital
expenditures between $2 billion and $2.2 billion for the
Air Products, which competes with
), currently holds a short-term (1 to 3 months) Zacks #4 Rank
(Sell) and we have a long-term (more than 6 months) Underperform
recommendation on the stock.
AIR PRODS & CHE (APD): Free Stock Analysis
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