Air Products has said more about its logic for deciding which underperforming projects to cancel and which to pursue.
The recently installed CEO Eduardo Menezes said on Thursday’s Q2 earnings call that the company was mindful of the way that delivering a project would impact its cash flow, while also considering project-related commercial commitments to customers.
“You know, we take [our customer commitments] very seriously,” he said.
He said where there were no customer contracts in the frame, and the company had more freedom, Air Products looked at what spend was needed to finish a project, and the cash flow that would be generated.
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