We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Air Products (APD) to Launch Fluxless Soldering Technology
Read MoreHide Full Article
Air Products and Chemicals Inc. (APD - Free Report) is set to unveil a break-through fluxless soldering technology that uses electron attachment (“EA”) technology for wafer level packaging at the IPC APEX Expo, to be held from Feb 27-Mar 1 in San Diego, CA.
The EA technology enhances bump reflow quality due to flux induced solder voids and wafer contaminations that naturally disappear. It is also known for improving productivity from in-line process capability, which lessens or eliminates post wafer cleaning and furnace downtime for cleaning.
The EA technology has a lower cost of ownership for end users, courtesy of its ability to reduce or eliminate costs associated with cleaning equipment, cleaning solution, labor work and flux. The technology is considered to be an eco-friendly one by the virtue of its lower organic vapor, hazard residues and carbon dioxide emissions.
Air Products has teamed up with Sikama International to offer an electron attachment fluxless reflow system. The furnace has been geared to remove metal oxides from solder bumps on UBM wafers and solder caps from copper pillar wafers with the help of EA technology.
Air Products’ shares have moved up 0.8% in the last three months, outperforming the industry’s 0.4% gain.
In first-quarter fiscal 2018, the company reported adjusted earnings of $1.79 per share, up 22% from the year-ago quarter. The bottom line also surpassed the Zacks Consensus Estimate of $1.66. Meanwhile, revenues were $2,216.6 million, up around 18% year over year. The top line outpaced the Zacks Consensus Estimate of $2,159.2 million.
For fiscal 2018, the company anticipates adjusted earnings in the range of $7.15-$7.35 per share, up 13-16% from the prior year. The guidance includes an expected benefit of 20-25 cents per share from the U.S. Tax Cuts and Jobs Act. For the fiscal second quarter, Air Products expects the same in the band of $1.65 to $1.70 per share. Also, it projects capital expenditure of $1.2-$1.4 billion for the current year.
Air Products has built a strong project backlog. These projects are anticipated to be accretive to earnings and cash flow over the next few years. In addition, strategic investments in high-return projects, new business deals and acquisitions are expected to drive results in fiscal 2018. The company also remains on track with its cost-reduction programs, which is likely to support margins.
Air Products and Chemicals, Inc. Price and Consensus
Methanex has an expected long-term earnings growth rate of 15%. Its shares have gained 8.7% over a year.
LyondellBasell has an expected long-term earnings growth rate of 9%. The company’s shares have rallied 14.9% in a year.
Chemours has an expected long-term earnings growth rate of 15.5%. Its shares have surged 42.8% over a year.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Air Products (APD) to Launch Fluxless Soldering Technology
Air Products and Chemicals, Inc. Price and Consensus | Air Products and Chemicals, Inc. Quote
Zacks Rank & Other Stocks to Consider