2024-02-05 12:34:03 ET
Air Products and Chemicals, Inc. (APD)
Q1 2024 Earnings Conference Call
February 5, 2024 8:30 AM ET
Company Participants
Sidd Manjeshwar - Vice President, Investor Relations Corporate Treasurer
Seifi Ghasemi - Chairman, President and Chief Executive Officer
Melissa Schaeffer - Chief Financial Officer
Samir Serhan - Chief Operating Officer
Conference Call Participants
Jeff Zekauskas - JPMorgan
Mike Harrison - Seaport Research Partners
John Roberts - Mizuho
Steve Byrne - Bank of America
John McNulty - BMO Capital Markets
Vincent Andrews - Morgan Stanley
David Begleiter - Deutsche Bank
Josh Spector - UBS
Marc Bianchi - TD Cowen
Mike Leithead - Barclays
Duffy Fischer - Goldman Sachs
Kevin McCarthy - Vertical Research Partners
Patrick Cunningham - Citi
Mike Sison - Wells Fargo
Dan Rizzo - Jefferies
Laurent Favre - BNP Paribas
Sebastian Bray - Berenberg
Presentation
Operator
Good morning, and welcome to the Air Products' First 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. Sidd Manjeshwar. Please go ahead sir.
Sidd Manjeshwar
Hi, thank you, Jenifer. Good morning, everyone. Welcome to Air Products' first quarter 2024 earnings results teleconference. This is Sidd Manjeshwar, Vice President of Investor Relations and Corporate Treasurer. I'm pleased to be joined today by Seifi Ghasemi, our Chairman, President and CEO; Dr. Samir Serhan, our Chief Operating Officer; Melissa Schaeffer, our 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.
Today's discussion contains forward-looking statements, including those about earnings and capital expenditure guidance, business outlook and investment opportunities. Please refer to the cautionary note regarding forward-looking statements that is provided in our earnings release and on slide number two.
Additionally, throughout today's discussion, we will refer to various financial measures including earnings per share, operating income, operating margin, EBITDA, EBITDA margin, the effective tax rate and ROCE both on a total company and segment basis. Unless we specifically state otherwise, statements regarding these measures are referring to our adjusted non-GAAP financial measures. Reconciliations of these measures to our most directly comparable GAAP financial measures can be found on our website in the relevant earnings release section.
Now with that, I'm pleased to turn the call over to Seifi.
Seifi Ghasemi
Thank you, Sidd, and good day to everyone. Thank you for taking time from your very busy schedule to be on our call today. As always, I would like to begin with the slide number three, our safety performance, which is our number one priority at Air Products. I'm very pleased to share that our employee recordable injury rate in first quarter was 78% than in 2014, and our employee lost time injury rate was at a record row, the best in the industry. Our ultimate goal will always be zero accidents and zero incidents.
Now, please turn to slide number four, which summarizes our management philosophy. These principles remain fundamental to how we manage and grow our company....
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Air Products and Chemicals, Inc. (APD) Q1 2024 Earnings Call Transcript