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LEHIGH VALLEY, Pa. - Air Products (NYSE:APD), a $64.5 billion market cap industrial gases giant with a FAIR financial health score according to InvestingPro, announced Wednesday that Howard Ungerleider has been elected to its Board of Directors, effective September 1, 2025. Ungerleider will serve on the company’s Audit and Finance Committee.
Ungerleider currently serves as Operating Advisor for private equity firm Clayton, Dubilier & Rice, a position he has held since 2024. His previous experience includes multiple leadership roles at Dow Inc. and its predecessors, where he served as President from 2018 to 2023 and Chief Financial Officer from 2014 to 2023.
"Howard is an excellent addition to the Air Products Board, bringing more than three decades of global business and financial leadership experience in the chemicals and specialty materials industries," said Wayne T. Smith, Chairman of the Board, in a press release statement.
Ungerleider also holds board positions at American Airlines Group Inc. and Kyndryl Holdings Inc. He received an M.B.A. from UCLA and a Bachelor of Business Administration degree from The University of Texas at Austin.
Air Products, which reported fiscal 2024 sales of $12.1 billion, supplies industrial gases and related equipment to customers across various industries including refining, chemicals, electronics, manufacturing, and medical sectors. The company operates in approximately 50 countries worldwide. Trading at a premium to its InvestingPro Fair Value, the company boasts a remarkable 55-year streak of consecutive dividend payments and currently offers a 2.47% yield. For deeper insights and additional analysis, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Air Products & Chemicals reported strong fiscal third-quarter earnings, with earnings per share of $3.09, surpassing analyst expectations of $2.98. The company’s revenue also outperformed forecasts, reaching $3.02 billion, compared to the anticipated $2.98 billion. Following this robust performance, TD Cowen raised its price target for Air Products & Chemicals to $335 from $315 while maintaining its rating on the stock. This adjustment reflects confidence in the company’s continued growth, especially in its base business across Asia and Europe. Additionally, Air Products announced the appointment of Megan Britt as vice president of Investor Relations, effective August 11, 2025. Britt brings nearly 25 years of experience in finance and investor relations, having previously held similar roles at Archer-Daniels Midland, Tyson Foods, and Corteva Agriscience. These developments highlight significant strategic movements within Air Products & Chemicals.
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