Air products to exit three u.s.-based projects

Company will write down assets and expects to record a pre-tax charge not to exceed $3.1 billion in its fiscal second quarter lehigh valley, pa. , feb. 24, 2025 /prnewswire/ -- as part of a review initiated by air products' (nyse: apd) newly-elected board of directors and chief executive officer, the company today announced its decision to exit three projects in the u.s. as a result, air products expects to record a pre-tax charge not to exceed $3.1 billion in its fiscal 2025 second quarter, primarily to write down assets and terminate contractual commitments.
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