With a market cap of $60.78 billion, Air Products and Chemicals, Inc. (APD) is an industrial gas company headquartered in Allentown, Pennsylvania. Specializing in producing and distributing atmospheric gases, process and specialty gases, and related equipment, Air Products serves a wide range of industries, including energy, healthcare, and electronics.
APD has significantly underperformed the broader market over the last year. The stock has declined 4.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 28.1%. In 2024, the stock has declined marginally, compared to SPX's 17.3% gains on a YTD basis.
