IHS Chemical Week

Markets :: Industrial Gases

Praxair net income up 5%

10:46 AM MDT | July 23, 2014 | Lindsay Frost

Praxair posted second net income of $467 million, up 5% year-over year (YOY). Reported earnings of $1.58/share were up 5% YOY but 1 ct below analyst estimates as reported by Thomson Reuters (New York). Sales of $3.1 billion were up 3% YOY, driven by new project start-ups, primarily in North America and Asia, and higher pricing across all operating segments. By end-market, sales growth was strongest for metals, energy, and food and beverage customers, the company says.  “Praxair delivered another solid quarter with operating profit growth of 7%...

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