Air Products and Chemicals Inc. APD will feature its portfolio of Freshline freezing and chilling solutions, at Seafood Expo North America in Boston from Mar 6-8. The solutions help seafood processors to improve production rates, capacities and yields, at lower costs.
Air Products being a leader in cryogenic technology applications, has the technical expertise in handling challenges faced by seafood processors. The company’s Freshline food grade gases and equipment allow the cooling or freezing of seafood products, extend shelf-life and increase distribution radius using modified atmosphere packaging (MAP). These also help in producing value-added products, such as battered, marinated or ready-to-cook items and provide efficient individually quick frozen (IQF) solutions to retain shape, texture and taste, even when product is coated in a sauce or has high water content.
Air Products operates food laboratories in the U.S., Europe and Asia where customer's products are tested on commercial-scale equipment to determine the feasibility of using cryogenic freezing or chilling for their specific process.
Air Products released first-quarter fiscal 2016 (ended Dec 31, 2015) results in Jan 2016. The company surpassed earnings expectations and recorded higher profits, helped by cost-management initiatives and improved pricing. However, its sales fell year over year and lagged expectations.
The company recorded fiscal first-quarter adjusted earnings of $1.78 per share, up 15% from $1.55 recorded a year ago. Adjusted earnings exclude charges associated with business separation and project suspension costs.
Air Products currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the chemical space are Koninklijke DSM N.V. RDSMY, Asahi Kasei Corp. AHKSY and American Vanguard Corp. AVD. While Koninklijke DSM and Asahi Kasei sport a Zacks Rank #1 (Strong Buy), American Vanguard carries a Zacks Rank #2 (Buy).
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