Dividend Increases, Leadership Changes, Earnings Results, New Projects, and Acquisitions - Analyst Notes on Airgas, Ashland, Praxair, Air Products and Rentech
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 7, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Airgas Inc. (NYSE: ARG), Ashland Inc. (NYSE: ASH), Praxair Inc. (NYSE: PX), Air Products & Chemicals Inc. (NYSE: APD) and Rentech, Inc. (NASDAQ: RTK). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2110-100free.
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Airgas Inc. Analyst Notes
On May 1, 2014, Airgas Inc. announced that its Board of Directors has approved a 15% increase in the quarterly cash dividend on the Company's common stock. The Company informed that the dividend was increased to $0.55 per share from the $0.48 per share, which will be payable on June 30, 2014 to shareholders of record as of June 13, 2014. The full analyst notes on Airgas are available to download free of charge at:
http://www.analystsreview.com/2110-ARG-07May2014.pdf
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Ashland Inc. Analyst Notes
On April 22, 2014, Ashland Inc. (Ashland) announced that its Chairman and CEO, James J. O'Brien, will retire from the organization, effective December 31, 2014. As part of the overall succession plan, Ashland anticipates that O'Brien will remain on the board for a limited time once the new CEO is named, in order to facilitate a smooth transition. The Company informed that its Board of Directors has appointed a special committee to search for his successor, led by Barry W. Perry, the board's lead independent director. The full analyst notes on Ashland are available to download free of charge at:
http://www.analystsreview.com/2110-ASH-07May2014.pdf
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Praxair Inc. Analyst Notes
On April 23, 2014, Praxair Inc. (Praxair) reported its Q1 2014 financial results with sales growth of 4.8% YoY to $3.0 billion. Operating profit totaled $675 million, up 12.5% YoY (excluding negative currency translation impacts). The Company reported an EPS of $1.51, up 16.2% YoY. Praxair's Chairman and CEO, Steve Angel said, "Praxair delivered solid results in the first quarter with sales growth of 9% and operating profit growth of 12%, excluding the impact of currency headwinds. Organic growth of 6% reflected contributions from new projects in North America and Asia, as well as modest volume growth in our South America, Europe and Surface Technologies operating segments." For Q2 2014, Praxair expects diluted EPS in the range of $1.55 to $1.60, while for full year 2014, Praxair expects sales in the range of $12.4 billion to $12.8 billion. The full analyst notes on Praxair are available to download free of charge at:
http://www.analystsreview.com/2110-PX-07May2014.pdf
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Air Products & Chemicals Inc. Analyst Notes
On April 29, 2014, Air Products & Chemicals Inc. (Air Products) announced that it has signed an agreement with JGC Corporation to provide its proprietary LNG technology, equipment and process license for PETRONAS' second floating LNG project to be located off the coast of Malaysia. Bill Kennington, Major Account Manager - LNG with Air Products, said, "In our LNG history as a company we have always tried to stay ahead of trends in the market and we are pleased that we have been selected for PETRONAS' second FLNG project, as well as the other two global off-shore LNG projects thus far that have been announced." The full analyst notes on Air Products are available to download free of charge at:
http://www.analystsreview.com/2110-APD-07May2014.pdf
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Rentech, Inc. Analyst Notes
On May 1, 2014, Rentech Inc. (Rentech) announced the acquisition of New England Wood Pellet (NEWP), the largest producer of wood pellets for the U.S. heating market. D. Hunt Ramsbottom, President and CEO of Rentech, commented, "NEWP is the leader in the growing U.S. market for wood pellets used in heating applications. The acquisition brings additional cash flows and profitability to our wood fibre business. In addition, NEWP's business broadens our product offerings, customer base and geographic markets." The Company informed that its management plans to discuss the acquisition during its Q1 2014 earnings conference call, scheduled on May 13, 2014. The full analyst notes on Rentech are available to download free of charge at:
http://www.analystsreview.com/2110-RTK-07May2014.pdf
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