Eduardo Menezes
Product CEO
Replay available
Air Products and Chemicals, Inc. (APD) Q2 2025 Earnings Call
Air Products and Chemicals, Inc. (NYSE: APD) Q2 2025 earnings conference call, held 2025-05-01. Replay captured from the company's public earnings webcast.
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Investor webinar replay
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.316 EBITDA, the effective tax rate, and ROCE, 00:00:04.316 -- 00:00:07.119 either on a total company or segment basis. 00:00:07.119 -- 00:00:11.483 Unless we specifically state otherwise, statements regarding these measures refer to 00:00:11.483 -- 00:00:16.609 our adjusted non-GAAP financial measures. Reconciliations of these measures to our most 00:00:16.609 -- 00:00:21.334 directly comparable GAAP financial measures can be found on our investor website in the 00:00:21.334 -- 00:00:26.626 relevant earnings release section. Now, I'll turn the call over to Eduardo. 00:00:26.626 -- 00:00:29.129 Thank you, Eric. Good morning. This is Eduardo Menezes. 00:00:29.129 -- 00:00:32.694 Thank you for joining us today. Please turn to slide three. 00:00:32.694 -- 00:00:37.981 Let me begin by sharing a few thoughts from my first three months as a product CEO. 00:00:37.981 -- 00:00:43.189 I talked with our employees, visited several sites, and met with many of our largest 00:00:43.189 -- 00:00:48.556 customers and partners. I can say our product is a solid for industrial gas business 00:00:48.556 -- 00:00:54.115 with significant upside if we stay within our traditional business model. 00:00:54.115 -- 00:00:57.940 Decades ago, Air Products pioneered their on-site business model. 00:00:57.940 -- 00:01:03.206 Today, approximately 50% of the company's sales are on-site with long-term 00:01:03.206 -- 00:01:07.431 take-or-pay conflicts, the highest percentage in the industry. 00:01:07.431 -- 00:01:12.558 Air Products has also built density in its merchant business, helping customers be 00:01:12.558 -- 00:01:17.564 more efficient and sustainable. We became the leading supplier of hydrogen, operating 00:01:17.564 -- 00:01:22.710 hydrogen pipeline networks a...