Air Products and Chemicals, Inc. (NYSE:APD) Q1 2024 Earnings Call Transcript

Melissa Schaeffer: Yes. So let me give you an answer the merchant. So merchant-on-merchant pricing was up slightly. So we had stronger merchant-merchant pricing in the Americas and Asia, which was partially offset by some small decrease in Europe. However, I do want to mention that in Europe, our conversion margin stayed strong because the power cost decreased at a faster rate than our — so the conversion margin maintain strong in all three regions.

Seifi Ghasemi: And with respect to FX, when we give you an estimate, we give you an estimate based on the exchange rates as of today. So that is — we are not assuming any significant change in the exchange rate.

Sebastian Bray: That’s very helpful. Thank you, Seifi all the best for the time and questions.

Seifi Ghasemi: Okay. Thank you very much. I really appreciate that. Operator, since there are no other questions, I would like to thank everybody for joining our call today. We again appreciate your interest in Air Products, and we look forward to discussing our results with you in 3 months. All the very best, and thank you for listening.

Operator: That does conclude today’s conference. Thank you for your participation. You may now disconnect.