Earlier this week at the Air Products Investor Conference, John McGlade, Chairman, President and CEO, revealed new financial targets for 2015.
McGlade commented, “Consistent with our proven track record of setting and meeting long-term goals, our opportunities in key growth markets and focused execution will allow us to deliver enhanced revenue growth and sustained margin and return improvement. We expect these results will generate significant shareholder value.”
McGlade outlined the company’s growth advantage with its strong positions in the energy, environmental and emerging markets worldwide. He said by executing on its innovation, improvement and integration actions, the company should continue to lower its costs, improve returns and gain a greater competitive advantage over its peers. He also said he expects Air Products to deliver top line growth of 11% to 13% per year over the next four years, which would bring the company’s total revenues to more than $15 billion in 2015.
McGlade anticipates Air Products’ operating margin to improve 300 basis points to 20%, and its return on capital to increase 150 basis points to 15% from 2011 to 2015. “We are ready to begin delivering on the commitments we have made today by winning through our market advantage and driving superior financial returns—just as we have delivered on our previous financial goals,” said McGlade.
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