IHS Chemical Week

Markets :: Industrial Gases

Praxair Posts Earnings Gain on Higher Volumes

2:24 PM MDT | October 27, 2010 | Nancy Seewald

Praxair reported third-quarter net income of $377 million ($1.21/share), up 19% compared with the same period last year, on sales up 11%, to $2.5 billion. Analysts had expected the company to report earnings of $1.20/share, as reported by Thomson One (New York). Praxair cites “strong” volume growth across all geographic regions, particularly in Asia and South America. By end market, sales growth was driven by chemicals, electronics, manufacturing, and metals. “Our results this quarter reflect steadily improving base-business volumes and new...

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