Air Products: Why Shareholders Should Back Its Board Nominees

Air Products (NYSE:APD) has sent a letter to shareholders, highlighting compelling reasons to support its Board nominees. As an investor, I urge you to consider the following key takeaways and lessons from the letter, which emphasize the Company's strong financial performance, strategic vision, and commitment to shareholder value.

Firstly, Air Products' core industrial gas business continues to drive the Company's industry-leading adjusted EBITDA margin. The onsite business, governed by take-or-pay contracts, allows the Company to grow at GDP-plus rates, with an industry-leading adjusted EBITDA margin of more than 40% and strong, contracted cash flows. Air Products is committed to investing in and growing its core industrial gas business, with more than half of its total capital investment in the last four years allocated to this segment, and plans to maintain this focus in 2025.