LEHIGH VALLEY, Pa.,
June 9, 2011 /PRNewswire/ -- Today at
Air Products' (NYSE: APD) Investor Conference, John McGlade, chairman, president and chief
executive officer, revealed new financial targets for 2015 to take
the company to a new level of performance.
"Consistent with our proven track record of setting and meeting
long-term goals, our opportunities in key growth markets and
focused execution will allow us to deliver enhanced revenue growth
and sustained margin and return improvement," said McGlade. "We
expect these results will generate significant shareholder
value."
McGlade outlined the company's growth advantage with its strong
positions in the energy, environmental and emerging markets
worldwide. He said by executing on its innovation, improvement and
integration actions, the company should continue to lower its
costs, improve returns and gain a greater competitive advantage
over its peers.
He also said he expects Air Products to deliver top line growth
of 11 percent to 13 percent per year over the next four years,
which would bring the company's total revenues to more than
$15 billion in 2015. McGlade
anticipates Air Products' operating margin to improve 300 basis
points to 20 percent, and its return on capital to increase 150
basis points to 15 percent from 2011 to 2015.
"We are ready to begin delivering on the commitments we have
made today by winning through our market advantage and driving
superior financial returns—just as we have delivered on our
previous financial goals," said McGlade.
Paul Huck, senior vice president
and chief financial officer, then outlined to shareholders how the
revenue, margin and return on capital goals would be met by 2015.
The remainder of the conference includes presentations by Air
Products' executives explaining their business plans for 2015 and
an event showcasing displays that highlight strategic actions
contributing to Air Products' success.
The conference is being webcast at www.airproducts.com, and a
replay will be available after 3:00 p.m.
EDT at www.airproducts.com/IC2011.
Air Products (NYSE: APD) serves customers in industrial, energy,
technology and healthcare markets worldwide with a unique portfolio
of atmospheric gases, process and specialty gases, performance
materials, and equipment and services. Founded in 1940,
Air Products has built leading positions in key growth markets
such as semiconductor materials, refinery hydrogen, home healthcare
services, natural gas liquefaction, and advanced coatings and
adhesives. The company is recognized for its innovative culture,
operational excellence and commitment to safety and the
environment. In fiscal 2010, Air Products had revenues of
$9 billion, operations in over 40
countries, and 18,300 employees around the globe. For more
information, visit www.airproducts.com.
***NOTE: This release may contain forward-looking statements
within the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management's reasonable expectations and assumptions as of
the date of this release regarding important risk factors. Actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors not anticipated by management,
including risk factors described in the Company's Form 10K for its
fiscal year ended September 30,
2010.
SOURCE Air Products