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 to Exhibit the Power of Liquid Nitrogen
Read MoreHide Full Article
Air Products (APD - Free Report) will exhibit the power of liquid nitrogen for a range of food processing applications at Northwest Food & Beverage World 2017 in Portland, OR, from Jan 9-11. In order to discover the many traditional and innovative ways, Air Products is helping customers utilize liquid nitrogen to help remove heat from their processes and enhance the quality, throughput and shelf life of their food products.
Apart from freezing and chilling, liquid nitrogen is also utilized in mixing applications to instantly stop the cooking process to chill sauces and gravies, cutting cooling time. The low temperature of liquid nitrogen offers greater control of the enrobing process in coating applications. During grinding, liquid nitrogen can be used to remove frictional heat to help enhance the throughput of mills and the consistency of the grind. This helps in preventing the loss of flavor and aroma components in food additives, ingredients and functional foods.
Air Products being a recognized leader in cryogenic technology applications, has been providing high-purity gases, equipment and technologies to the food industry for more than five decades. The company's portfolio has solutions for every type of customer, from large manufacturers with multiple product lines to small food processors with a niche product. The company offers its industrial gases in a range of delivery options to match each customer's needs, from low- to high-volume users.
Air Products and Chemicals, Inc. Price and Consensus
Air Products reported adjusted earnings of $2.01 per share for fourth-quarter fiscal 2016 thereby beating the Zacks Consensus Estimate of $1.99. Cost of sales declined roughly 2.9% year over year to around $1.65 billion while revenues improved roughly 0.6% year over year to $2,463 million but missed the Zacks Consensus Estimate of $2,481 million.
Acquisitions and new business wins are expected to drive growth. The company is also making a good progress with its cost-cutting program and has already achieved the first $300 million of its targeted cost savings.
Air Products has underperformed the Zacks categorized Chemicals-Diversified industry over the past three months. While the company’s shares have gained 6.6% over this period, the industry has seen a gain of 8.1%. The company’s industrial gases business unit in the EMEA region is seeing pressure from a weak operating environment.
The company is also expecting lower volumes in Latin America due to weak demand. Exposure to currency headwinds is also a hindrance to sales growth. Moreover, the company has a debt-laden balance sheet.
Air Products currently carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
Some better ranked companies in the Chemical-Diversified industry include Chemours Company (CC - Free Report) , BASF SE (BASFY - Free Report) and Kronos Worldwide (KRO - Free Report) all sporting a Zacks Rank #1 (Strong Buy).
Chemours has an expected long-term growth rate of 15.50%.
Kronos has an expected long-term growth of 5%.
BASF has an expected long-term growth of 7.7%.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Air Products to Exhibit the Power of Liquid Nitrogen
Air Products (APD - Free Report) will exhibit the power of liquid nitrogen for a range of food processing applications at Northwest Food & Beverage World 2017 in Portland, OR, from Jan 9-11. In order to discover the many traditional and innovative ways, Air Products is helping customers utilize liquid nitrogen to help remove heat from their processes and enhance the quality, throughput and shelf life of their food products.
Apart from freezing and chilling, liquid nitrogen is also utilized in mixing applications to instantly stop the cooking process to chill sauces and gravies, cutting cooling time. The low temperature of liquid nitrogen offers greater control of the enrobing process in coating applications. During grinding, liquid nitrogen can be used to remove frictional heat to help enhance the throughput of mills and the consistency of the grind. This helps in preventing the loss of flavor and aroma components in food additives, ingredients and functional foods.
Air Products being a recognized leader in cryogenic technology applications, has been providing high-purity gases, equipment and technologies to the food industry for more than five decades. The company's portfolio has solutions for every type of customer, from large manufacturers with multiple product lines to small food processors with a niche product. The company offers its industrial gases in a range of delivery options to match each customer's needs, from low- to high-volume users.
Air Products and Chemicals, Inc. Price and Consensus
Air Products and Chemicals, Inc. Price and Consensus | Air Products and Chemicals, Inc. Quote
Air Products reported adjusted earnings of $2.01 per share for fourth-quarter fiscal 2016 thereby beating the Zacks Consensus Estimate of $1.99. Cost of sales declined roughly 2.9% year over year to around $1.65 billion while revenues improved roughly 0.6% year over year to $2,463 million but missed the Zacks Consensus Estimate of $2,481 million.
Acquisitions and new business wins are expected to drive growth. The company is also making a good progress with its cost-cutting program and has already achieved the first $300 million of its targeted cost savings.
Air Products has underperformed the Zacks categorized Chemicals-Diversified industry over the past three months. While the company’s shares have gained 6.6% over this period, the industry has seen a gain of 8.1%. The company’s industrial gases business unit in the EMEA region is seeing pressure from a weak operating environment.
The company is also expecting lower volumes in Latin America due to weak demand. Exposure to currency headwinds is also a hindrance to sales growth. Moreover, the company has a debt-laden balance sheet.
Air Products currently carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
Some better ranked companies in the Chemical-Diversified industry include Chemours Company (CC - Free Report) , BASF SE (BASFY - Free Report) and Kronos Worldwide (KRO - Free Report) all sporting a Zacks Rank #1 (Strong Buy).
Chemours has an expected long-term growth rate of 15.50%.
Kronos has an expected long-term growth of 5%.
BASF has an expected long-term growth of 7.7%.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>