Air Products & Chemicals Inc (FRA:AP3)
€ 232.8 1.6 (0.69%) Market Cap: 51.67 Bil Enterprise Value: 62.46 Bil PE Ratio: 22.61 PB Ratio: 3.73 GF Score: 84/100

Air Products and Chemicals Inc at Deutsche Bank Global Industrials & Materials Summit Transcript

Jun 06, 2019 / 01:00PM GMT
Release Date Price: €192.62 (+0.78%)
David L. Begleiter
Deutsche Bank AG, Research Division - MD and Senior Research Analyst

So good morning. Welcome to day 2 of the Deutsche Bank Global Industrials & Materials Summit. My name is David Begleiter, Deutsche Bank's U.S. chemicals team. With us today is the Air Products team: CFO, Scott Crocco; and Simon Moore, Director of Investor Relations.

We're going to jump right into the Q&A portion of the fireside chat, let me squeeze into here. Scott, welcome. Simon, welcome as well.

Questions & Answers

David L. Begleiter;Michael Scott Crocco
Deutsche Bank AG, Research Division - MD and Senior Research Analyst;Air Products and Chemicals, Inc. - Executive VP &amp

Scott, maybe first on pricing. Looks like we're now in a very good pricing cycle. Prices rose 3% in your fiscal second quarter. Merchant prices rose 10%, perhaps the best pricing in decade that I've seen. What's driving this improvement in pricing? What's driving this pricing cycle? And well, maybe that's the first couple of questions there.

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