Air Products and Chemicals, Inc. (APD) CEO Seifi Ghasemi on Q2 2022 Results - Earnings Call Transcript

Air Products and Chemicals, Inc. (NYSE:APD) Q2 2022 Earnings Conference Call May 5, 2022 8:30 AM ET

Company Participants

Simon Moore - Vice President, Investor Relations, Corporate Relations and Sustainability

Seifi Ghasemi - Chairman, President and Chief Executive Officer

Samir Serhan - Chief Operating Officer

Melissa Schaeffer - Senior Vice President and Chief Financial Officer

Sean Major - Executive Vice President, General Counsel and Secretary

Conference Call Participants

Vincent Andrews - Morgan Stanley

Cory Murphy - Vertical Research Partners

Mike Leithead - Barclays

Mike Harrison - Seaport Research Partners

Josh Spector - UBS

Dan Rizzo - Jefferies

John McNulty - BMO Capital Markets

Operator

Good morning and welcome to the Air Products’ Second Quarter Earnings Release Conference Call. Today’s call is being recorded at the request of Air Products. Please note that this presentation and the comments made on behalf of Air Products are subject to copyright by Air Products and all rights are reserved. Beginning today’s call is Mr. Simon Moore. Please go ahead, sir.

Simon Moore

Thank you, Jess. Good morning, everyone. Welcome to Air Products’ second quarter 2022 earnings results teleconference. This is Simon Moore, Vice President of Investor Relations, Corporate Relations and Sustainability. I am pleased to be joined today by Seifi Ghasemi, our Chairman, President and CEO; Dr. Samir Serhan, our Chief Operating Officer; Melissa Schaeffer, our Senior Vice President and Chief Financial Officer; and Sean Major, our Executive Vice President, General Counsel and Secretary.

After our comments, we will be pleased to take your questions. Our earnings release and the slides for this call are available on our website at airproducts.com. This discussion contains forward-looking statements. Please refer to the forward-looking statement disclosure that can be found in our earnings release and on Slide #2.

In addition, throughout today’s discussion, we will refer to various financial measures. Unless we specifically state otherwise, when we refer to earnings per share, EBITDA, EBITDA margin, the effective tax rate and ROCE both on a company-wide and segment basis, we are referring to our adjusted non-GAAP financial measures, adjusted earnings per share, adjusted EBITDA, adjusted EBITDA margin, adjusted effective tax rate and adjusted return on capital employed. Reconciliations of these measures to our most directly comparable GAAP financial measures can be found on our website in the relevant earnings release section.