Air Products & Chemicals Inc.
) announced that it will showcase advanced proprietary electron
attachment (EA) technology for soldering applications at the IPC
APEX Expo, scheduled to be held in San Diego, Calif., from Feb
AIR PRODS & CHE (APD): Free Stock Analysis
(ARKAY): ETF Research Reports
BASF SE (BASFY): Free Stock Analysis Report
PETROLOGISTICS (PDH): Free Stock Analysis
To read this article on Zacks.com click here.
The company will demonstrate the advantages of EA activated
hydrogen over plasma-based and flux-based processes for cleaning
soldering surfaces during electronics assembly and packaging. The
advantages of EA activated hydrogen include improved solder
wetting, lower reflow temperature, decreased overall voiding
tendency, and no flux residue-related problems.
Air Products will also highlight the results of a study conducted
on EA technology titled "Fluxless Die Attach by Activated Forming
Gas." The study illustrates that high quality dye attach with
zero or near-zero voids can be attained with the use of EA.
The company will display its entire range of technologies that
include use of nitrogen reflow for Head-in-Pillow defect
reduction and Air Products Inert Wave Soldering technology. These
will cater to the electronics packaging and assembly customers
and enable them to increasing productivity and minimize costs.
Air Product came out with its first-quarter fiscal 2013 (ended
Dec 31, 2012) results last month. The results were encouraging as
both revenues and adjusted earnings outpaced the Zacks Consensus
Estimates. The company's adjusted earnings from continued
operations of $1.30 a share beat the Zacks Consensus Estimate by
a penny. Consolidated net income from continuing operation
increased 22.6% year over year to $276.9 million.
Revenues rose 10.4% year over year to $2,562.4 million, beating
the Zacks Consensus Estimate of $2,471 million. Sales were aided
by higher volumes in the Tonnage Gases, Equipment and Energy
divisions and acquisitions.
For fiscal 2013, Air Products plans to take a number of steps
including cost control measures, restructuring actions, price
improvements and volume growth. The company expects that its
recent strategic moves will position it for future growth and
profitability despite the modest economic backdrop.
Air Products retains a short-term (1 to 3 months) Zacks Rank #2
Other companies in the chemical industry worth considering are
). While Arkema and PetroLogistics retain Zacks Rank #1 (Strong
Buy), BASF holds a Zacks Rank #2 (Buy).