Air Products and Chemicals' Earnings Growth and Valuation Reassessed After Recent Rebound.

Air Products and Chemicals reported 31% annual net income growth despite industry challenges, with $12 billion in revenue. The share price rebounded 7% after the earnings report but is still down year-to-date. Investors question whether the stock is undervalued at current levels, considering heavy investments in hydrogen, ammonia, and carbon capture projects expected to drive future growth. However, persistently high input costs and project delays could undermine earnings prospects.