Air Products & Chemicals (APD) Risk Factor Changes

Our success depends on our ability to attract, develop, engage, and retain employees with the skills necessary to our business.

In addition, certain of our projects are partially dependent on a regulatory environment that favors technologies focused on limiting the impact of climate change, in particular toward the production and distribution…

We are the world’s leading supplier of hydrogen, the primary use of which is the production of ultra-low sulfur transportation fuels that have significantly reduced transportation emissions and helped improve human he…

We are continually developing and implementing new technologies and product offerings.

New technologies create performance risks that could impact our financial results or reputation, and failure to develop new technologies may harm our competitive position.

Our supply of crude helium for purification and resale is largely dependent upon natural gas production by crude helium suppliers.

Certain of our larger and more complex projects are located in markets outside the United States, such as China, India, the Middle East, and Uzbekistan, including in locations where there is the potential for signific…

Demand for our products and services depends in part on the general economic conditions affecting the regions and markets in which we do business.

While we value constructive feedback from our investors and regularly engage in dialogue with them on various matters, the Company may nonetheless be subject to actions or proposals from activist shareholders that may…

Actions of activist shareholders may be disruptive and costly.

Additionally, significant changes in actual investment returns on pension assets, discount rates, or regulatory developments could impact future results of operations and required pension contributions.

In addition to complying with local regulatory requirements for recognizing pension expense, liabilities, and cash flows, several key assumptions are used in the actuarial models to calculate pension expense and liabi…

Pension benefits represent significant financial obligations that will be ultimately settled in the future with employees who meet eligibility requirements.

Risks related to pension benefit plans may adversely impact our results of operations and cash flows.

Volatility and disruption in the U.S., European and global credit, capital, and money markets could increase the costs for or make it more difficult for us to obtain financing for our operations, potentially impacting…

Changes in global and regional economic conditions may impact our ability to obtain financing or increase the cost of obtaining financing which may adversely impact our operations and financial results.