Air Products and Chemicals, Inc. (APD) JPMorgan Industrials Conference 2026 March 18, 2026 8:05 AM EDT
Company Participants
Eduardo Menezes – CEO & Director
Melissa Schaeffer – Executive VP & CFO
Conference Call Participants
Jeffrey Zekauskas – JPMorgan Chase & Co, Research Division
Presentation
Jeffrey Zekauskas
JPMorgan Chase & Co, Research Division
Hi, good morning. I’m Jeff Zekauskas. I analyze chemicals for JPMorgan. This morning, it’s my pleasure to introduce the management of Air Products. Representing Air Products is Eduardo Menezes who’s been CEO for 1 year. And Eduardo had a long tenure at both Linde and before that Praxair. And I think he managed every major geographic region at one time or another for Praxair, Linde and he’s come to Air Products to change the direction of the company. He’s joined by Melissa Schaeffer, who is Chief Financial Officer since 2021 and Megan Britt, the Head of IR is in the audience as is Caitlin Miller, her assistant. The form of our presentation this morning will be fireside chat.
Question-and-Answer Session
Jeffrey Zekauskas
JPMorgan Chase & Co, Research Division
Eduardo, the world has changed with conflict and Iran. Is this something that’s touched Air Products’ business or touched either demand or the way your customers are looking for your services?
Eduardo Menezes
CEO & Director
Absolutely, right? So the last 3 weeks, they have been a little hectic to say the least. I would divide the effects in 2 categories, right? So we have the effects in the ground in the region. Air Products has a significant presence in the Middle East. It’s a combination of companies that we own 100% that operate in several countries, normally around Saudi Arabia. We have operations in Oman, in Qatar, in UAE and in Bahrain. We also have operations in Egypt and Israel that are also owned 100% by Air Products. And in the Kingdom of Saudi Arabia, we
