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Allentown, Pennsylvania-based Air Products and Chemicals, Inc. (APD) provides atmospheric gases, process and specialty gases, equipment, and related services. Valued at $59.47 billion by market cap, the company develops, engineers, builds, owns, and operates some of the world's largest industrial gas projects, including gasification projects for producing high-value power, fuels, and chemicals. The leading industrial gas supplier is expected to announce its fiscal third-quarter earnings for 2024 before the market opens on Thursday, Aug. 1.
Ahead of the event, analysts expect APD to report a profit of $3.04 per share on a diluted basis, up 2% from $2.98 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing on another occasion.