Air Products to Exit Three U.S.-Based Projects
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Air Products (NYSE: APD) will exit three U.S.-based projects, leading to a pre-tax charge of up to $3.1 billion in its fiscal second quarter of 2025. This decision follows a review by the company's new Board of Directors and CEO.
February 24, 2025 | 9:30 pm
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Air Products will exit three U.S. projects, resulting in a pre-tax charge of up to $3.1 billion in fiscal Q2 2025. This move is part of a strategic review by the new leadership.
The decision to exit projects and incur a significant pre-tax charge suggests a strategic shift that may concern investors. The financial impact of up to $3.1 billion is substantial, likely affecting short-term stock performance negatively.
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